Kigali, Rwanda, – July 27, 2020 – Today, Entrepreneurial Solutions Partners (ESP), in partnership with the Mastercard Foundation and Equity Bank Rwanda PLC, announced the creation of a COVID-19 Recovery and Resilience program, to support small and medium enterprises (SMEs) in the Tourism and Hospitality sector. The Komeza program, with Equity Bank Rwanda PLC as […]
Nairobi, Kenya — NAIROBI, Kenya, 22 July 2020 / PRN Africa / — IFC, a member of the World Bank Group, today announced a $50 million loan to Equity Bank Kenya to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients, especially those facing COVID-19 related challenges. The […]
I&M Holdings has struck a deal to buy 90 per cent of the shares in Orient Bank Uganda. I&M Holdings has announced the acquisition of Uganda’s Orient Bank Limited. In an announcement to shareholders yesterday, I&M board said an agreement had been reached to acquire a 90 per cent stake in the Ugandan lender on […]
Access Bank’s Zambian subsidiary announced plans for the acquisition of a 100% stake of domestic lender Cavmont Capital Holdings Zambia in mid July. Following the collapse of Equity Bank’s plans to acquire Atlas Mara’s subsidiaries in Rwanda, Zambia, Mozambique and Tanzania in June, the deal is a sign that an anticipated Covid-19-driven spate of bank […]
Dr James Mwangi, Equity Group Chief Executive Officer. PHOTO | FILE | NMG Equity Bank’s plan to acquire 100 per cent shareholding in BancABC of Zambia, Mozambique and Tanzania including 62 per cent of the shares of Banque Populaire du Rwanda Ltd fell through last week after 16 months of negotiations with Atlas Mara Ltd […]
Dr James Mwangi, Equity Group Chief Executive Officer. PHOTO | FILE | NMG Equity Bank’s plan to acquire 100 per cent shareholding in BancABC of Zambia, Mozambique and Tanzania including 62 per cent of the shares of Banque Populaire du Rwanda Ltd fell through last week after 16 months of negotiations with Atlas Mara Ltd […]
Equity Bank is Africa’s best bank in this year’s Euromoney Awards for Excellence. It has managed a rare feat for banks in the continent, to become a domestic champion and substantial regional player in East Africa. It is also named as Africa’s best digital bank . “Under the stewardship of chief executive James Mwangi, the […]
I&M Holdings has struck a deal to buy 90 per cent of the shares in Orient Bank Uganda. I&M Holdings has announced the acquisition of Uganda’s Orient Bank Limited. In an announcement to shareholders yesterday, I&M board said an agreement had been reached to acquire a 90 per cent stake in the Ugandan lender on […]
Investigations into Kenya Revenue Authority (KRA) manager Joseph Chege Gikonyo have revealed that the bureaucrat’s Sh597 million portfolio may have been built on bribes paid by clearing and forwarding firms at the Mombasa port in return for releasing cargo or lowering their tax liabilities. Yesterday, Mr Gikonyo, his wife Lucy Kangai Stephen and their company […]
For the last decade, Kenya Revenue Authority (KRA) manager Joseph Chege Gikonyo has been living large, having acquired assets worth at least Sh597 million. The KRA worker boasts of an investment portfolio that even chief executives in blue chip companies would be jealous of. He has at least 10 homes spread across Nairobi, Mombasa and […]
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