Equity Group shareholders on the Company’s Register of Members on 20th May 2022 to receive a Final Dividend Payment of KES 3.0per share on 30th June 2022. For the latest key economic events use our free ECONOMIC CALENDAR
Tag: XUGA_EBL
Equity Group Kenya: Dividend Book Closure 2022
Equity Group shareholders registered on the books of the Company at close of business on 2oth May 2022 will receive the 2021 dividend of KES 3.0 per share.
Kenyan banks make losses in South Sudan and why they stay on
Customers in a KCB banking hall in South Sudan capital, Juba. The lender cut its presence in the war-torn State. FILE PHOTO | NMG KCB started operations in the country in 2006, Equity in 2009 and Co-operative Bank was the latest entrant in 2013. In 2014, KCB shut three branches in South Sudan after the […]
A Kenyan court has frozen the sum of $48.6 million suspected to have been laundered by Nigerians backed by powerful politicians
A Kenyan court has frozen the sum of $48.6 million suspected to have been laundered by Nigerians backed by powerful politicians The millions were transferred from multiple offshore accounts (including Nigeria) into the accounts of these three Kenyan companies —Remix Capital Ltd, OIT Africa Ltd and Avalon Offshore Logistics Ltd. Four Nigerian and Kenyan nationals, […]
Safaricom, Equity, KQ top LinkedIn list of Leading Companies in Kenya
The leading telecommunications company, Safaricom , has been ranked top in the 2022 List of Top Companies in Kenya. Equity Bank and Kenya Airways come in second and third, with KCB Group coming in fourth. This is the first of what’s expected to be an annual ranking, and will be running alongside similar lists of […]
CDC renamed British International Investment
UK development finance institution and impact investor CDC Group has formally renamed itself British International Investment (BII), with CE Nick O’Donohoe saying the organisation will build on the CDC’s legacy by inheriting its “unparalleled” experience of impact investing and deep-rooted knowledge of the markets in which it invests. “BII is a strong, modern identity, which […]
Kenya’s top banks want the country’s central bank to re-introduce charges on mobile money transfers
Governor Patrick Njoroge of the Central Bank of Kenya Business Insider Africa understands that Kenyan banks used to charge between $0.260 (Sh30) and $1.71 (Sh197) per mobile transaction. But the transaction fees were waived in March 2020 as part of the palliative measures aimed at easing the economic burden of the pandemic. While banks have […]
Politician, two Nigerians linked to frozen Sh5.6bn
Two Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans have been linked to Sh5.6 billion frozen in six bank accounts over alleged money laundering. The billions in the accounts in Equity Bank #ticker:EQTY and UBA Bank were frozen by the High Court after the Assets Recovery Agency (ARA) applied […]
Kenya: Banks report stellar earnings growth for 2021; Equity Bank doubles profits
Equity Bank’s Chief Executive Officer James Mwangi in Nairobi, Kenya November 11, 2020. Picture taken November 11, 2020. Kenya’s largest banks reported strong earnings for 2021 driven by write-backs, but the Russia-Ukraine war, inflation and upcoming elections may narrow margins going forward. Kenyan banks reported stellar earnings growth for 2021, driven by strong credit growth, […]
Court clears Equity Bank to auction Tuskys city building
High Court has cleared Equity Bank #ticker:EQTY to auction a five-storey building in Nairobi’s city centre belonging to Tuskys Supermarket, dimming chances of a revival for the once giant retailer. The sale of the prime property on Tom Mboya Street was temporarily suspended last month after the retailer petitioned the court to stop the lender, […]
