KCB Group CEO Joshua Oigara during KCB Group 2019 half-year investor briefing. KCB Bank has moved to snap up banks that were snubbed by its rival Equity as it expands its network in the region. The lender says it has signed an agreement with London-listed Atlas Mara to acquire the latter’s banks in Rwanda and […]
For the third consecutive year, Equity has won the 2020 SME Bank of the Year – Africa Award at the Global SME Finance Awards Virtual Gala. The win, in the gold category is testament to Equity’s long-standing and consistent commitment towards supporting medium and small-scale businesses across the region, as an avenue towards transforming livelihoods, […]
During the period, Equity also saw an increase in total assets up to Shs1.823 trillion compared to Shs1.320 trillion in 2019. PHOTO/FILE/NMG Equity Bank has registered an increase in customer deposit in the first half of 2020, defying the Covid-19 induced slump that has ravaged businesses within and beyond Uganda. The deposits during the period, […]
NAIROBI, Kenya, Nov 29 – African Innovators have an opportunity to get funding for their ideas through the new Africa Continental Free Trade Area Vision Challenge. The challenge seeks African innovators and entrepreneurs who have compelling solutions to challenges affecting the continent’s Intra Africa trade. Some of the areas identified to drive the agenda include […]
KCB Group has signed a deal with London-listed financial services firm Atlas Mara Limited to buy stakes in it’s banking units in Rwanda and Tanzania, its chief executive Joshua Oigara announced on Thursday. The proposed transaction will see Kenya’s biggest lender by assets acquire Banque Populaire du Rwanda Plc (BPR) and the African Banking Corporation […]
KCB Group is in the process of acquiring a 62.06 per cent stake in Banque Populaire du Rwanda Plc which is owned by Atlas Mara Group. KCB Group, a Kenyan based financial services holding company with presence across the region and Atlas Mara on Wednesday, 25th November 2020 entered a share purchase agreement for the […]
KCB Group Plc has entered a deal to buy out two banks in Rwanda and Tanzania in what will cement its dominance in the East African region, weeks after its main rival Equity Bank pulled out of a similar deal. The lender, which is Kenya’s largest bank by assets, said on Thursday that it had […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
Equity Group has announced the appointment of Samuel Onyango as a Non-Executive Director to its Equity Bank (Kenya) Limited (EBKL) Board. According to the lender, Onyango has an extensive leadership experience in a wide range of professional services as a Certified Auditor, Company Secretary, Arbitrator, and Mediator, including his contribution to the development of the […]
Equity Bank CEO and Kenya COVID-19 Health Committee Chair Dr. James Mwangi. [Wilberforce Okwiri] Earnings fell 14 per cent on bad loans as Covid-19 negatively impacted the lender’s business. Equity Group has posted a 14 per cent drop in profit after tax for the third quarter of 2020. The bank reported profit of Sh14.8 billion […]
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