Nairobi Securities Exchange (NSE). PHOTO | DIANA NGILA | NMG A raft of factors including government’s slowed approval process, frequent suspension of the programme and currently stalled operations at the Privatisation Commission have colluded to stifle attempts to put up parastatals for auction. The Kenyan securities market has been left in the hands of foreign […]
Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million after getting a 10 per cent discount. Last year September, Equity bank announced it had agreed with the George Arthur Forrest and family a major shareholder to […]
Equity Group Holdings Ltd is set to become the Democratic Republic of Congo’s biggest foreign bank after completing its acquisition of BCDC — the country’s second-largest lender. Equity Bank, which is listed on the Nairobi Securities Exchange (NSE) and cross-listed on the Uganda and Rwanda stockmarkets, already has a foothold in the DRC through Equity […]
Equity Group Managing Director James Mwangi addresses investors during the bank’s quater 3 update on November 12 Equity Group has completed the acquisition of a 66.53 per cent bank in the Commercial Bank of Congo (Banque Commerciale du Congo). The deal which doubles on the local bank’s presence in the Democratic Republic of Congo (DRC) […]
Equity Group CEO James Mwangi. FILE PHOTO | SALATON NJAU | NMG Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million. In September last year, Equity announced it had agreed with the majority shareholder— George Arthur […]
An investor looks at the digital board at the Nairobi Stock Exchange(NSE)/FILE Five top companies at the Nairobi Securities Exchange (NSE) increased market dominance to a year high of 75.4 percent, further worsening exposure risk for the Nairobi bourse. The dominance rate is more than 100 basis points higher compared to 74.1 per cent recorded […]
Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender, Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million . The takeover began in September last year when Equity Bank first announced its partnership with BCDC majority shareholder, George Arthur Forrest and family. The Kenyan money […]
East African Cables has restructured a total of Sh498 million worth of loans from SBM Bank Kenya and Ecobank Kenya. FILE PHOTO | NMG East African Cables # has restructured a total of Sh498 million worth of loans from SBM Bank Kenya and Ecobank Kenya, sparing the manufacturer liquidation and asset seizure. The Nairobi Securities […]
– As a simple livestock herder at a young age, James Mwangi learnt the concept of supply chain which propelled him to the man he is – The 58-year-old horned his entrepreneurial skills at the University of Nairobi after securing a scholarship owing to his academic talent – The banker rescued Equity Building Society from […]
Clare Akamanzi, the chief executive of Rwanda Development Board (centre), flanked by other officials, rings the bell as CIMERWA lists its shares on the Rwanda Stock Exchange on Monday, August 3. The cement manufacturer becomes the 10th company to trade on the local bourse. / Photo: Courtesy. Rwanda Stock Exchange staff during trading earlier this […]
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