Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Bank has asked the Central Bank of Kenya to reinstate charges on transfers of money from bank accounts to mobile money wallets. The lender’s boss, James Mwangi, says […]
Tag: XNAI_EQTY
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
Northern Uganda farmers benefit from NU-TEC project
Andrew Kituka executive director Equity bank Uganda. A number of farmers have benefited from the NU-TEC project that was funded by the UK government to offer access to affordable financing for agribusinesses and farmers operating in Northern Uganda through Equity Bank. According to Paul Kweheria, the Team Leader of NU-TEC Financial Services the number of […]
Green Businesses Given Last Chance to Grow & Transform Economy with EU-funded Accelerator, UGEFA
The EU-funded Uganda Green Enterprise Finance Accelerator (UGEFA), which provides sustainable Ugandan enterprises with support to scale and contribute to a green and inclusive economy, has today announced that it is accepting applications for its fourth and final cohort to join its programme. UGEFA is seeking high-potential small and medium-sized enterprises looking for debt finance […]
Costly imports as shilling hits new all-time low
The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting up the country for more expensive imports and debt servicing distress. Central Bank of Kenya (CBK) data shows the Kenya shilling hit a record low to exchange at an average of 113.94 on Monday. Bloomberg […]
UGEFA opens applications for the fourth cohort
UGEFA supports sustainable Ugandan enterprises to scale and contribute to a green and inclusive economy Kampala, Uganda | Patricia Akankwatsa | The EU-funded Uganda Green Enterprise Finance Accelerator (UGEFA), which supports sustainable Ugandan enterprises to scale and contribute to a green and inclusive economy, has announced that it is accepting applications for its fourth and […]
Ethiopia to drop restrictions on KCB, Equity Bank
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]
CBK Wants Lipa Na M-PESA To Accept Payments from Other Wallets By 2024
Lipa na Mpesa The mobile money war in Kenya is not a new thing: the space has for a long time been cannibalized by M-PESA, which started the service back in 2007. Over the years, it has amassed millions of numbers, with more than 34 million Kenyans having an M-PESA account. M-PESA has also grown […]
Kenya: 2,850 Nakuru Farmers Trained and Sponsored to Start Poultry Keeping
Nakuru — Nearly 3,000 farmers in Nakuru have been enrolled in a training program on sustainable poultry-keeping practices and feed formulation using locally available materials to boost earnings in the subsector. The joint venture between the National Agricultural and Rural Inclusive Growth Project (NARIGP) and County Government of Nakuru has also facilitated the smallholder poultry […]
