UK’s Minister for Africa, Vicky Ford MP ( pictured above ) said his government was extending a total of £37 million to Equity Bank Kenya for onward lending to small businesses. “Our economic partnership is delivering impressive results, and we have some ambitious, exciting plans for the future. Plans that will deliver for Kenya, and […]
Equity Bank Kenya #ticker:EQTY is set to receive Sh5.66 billion (£37 million) from UK’s development finance institution British International Investment (BII) – formerly known as CDC Group – for onward lending to small businesses. UK’s Minister for Africa, Vicky Ford MP said the funds will be used to help the bank serve more Kenyans, especially […]
Equity Group ( NSE:EQTY , USE:EBL , RSE:EQTY ) has received a licence to operate a life insurance business in Kenya as the company seeks growth and diversification in the financial services industry. The Insurance Regulatory Authority (IRA) issued the licence to Equity Life Assurance (Kenya) Limited (ELAK), a subsidiary of the Nairobi Securities Exchange-listed […]
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
Equity Bank Equity Group has acquired a US$ 165 million or KES 18.6 billion loan from the International Finance Corporation (IFC) to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya, especially those facing COVID-19 related challenges. The loan from IFC, which is a member of […]
Equity payPal Equity Bank is moving from taking 3 business days to settle PayPal withdrawals to 24hrs or one business day. The bank has announced this today calling it the ‘ fastest PayPal settlement period in the country ‘. ( M-Pesa – PayPal withdrawals however are nowadays immediate – taking less than 3 minutes). Equity […]
Equity Bank headquarters in Upper Hill area, Nairobi/REUTERS Equity Bank will settle withdrawals sent via PayPal within a day down from three days, a move likely to improve the settlement of international transactions in Kenya. This is good news especially for thousands of online writers who use the platform to receive payments from their offshore […]
Equity Bank CEO James Mwangi at Equity Headquarters in Upperhill, Nairobi. [David Gichuru, Standard] Equity Group has entered the life insurance business that is currently 69.9 per cent controlled by six insurers. The financial services firm’s Equity Life Assurance Kenya, which it fully owns through Equity Group Insurance Holdings Ltd yesterday received licence from Insurance […]
Jean Claude Gaga has joined the telecom industry as the Managing Director for Airtel Money. / Photo: Courtesy. Jean Claude Gaga has joined the telecom industry as the Managing Director for Airtel Money. He previously served as the Commercial Director at Equity Bank Rwanda where he oversaw product and service innovation among other tasks. Gaga […]
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
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