Tag Archives: Mwangi

For investors and analysts, the latest results underline a shifting competitive dynamic   NEWS ANALYSIS | THE INDEPENDENT | Equity Group Holdings Plc has extended its lead over rival KCB Group Plc after reporting a sharp rise in annual profits, underscoring how regional diversification and digital banking are redrawing the …

Equity Group records historic results reporting a 55% growth in profit after tax of Kshs 75.5 billion, underscoring the success of its strategic transformation. Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has announced record results in Kenya’s corporate history, posting a 55% increase in profit after tax …

    Nairobi, Kenya | THE INDEPENDENT |   Figures released at the Half year 2025 Investor briefing in Nairobi show Equity Group has posted the strongest quarterly performance in profit before tax of Kshs.22.9 billion in history of the organization, exceeding the quarterly average for the last four years of Kshs.14.8 billion. Also …

Equity Group reports Kshs 15.4 billion profits after tax on prudent cost management and resumption of growth Nairobi, Kenya | THE INDEPENDENT | Demonstrating strategic agility and resilience in a dynamic global economic landscape, Equity Group has achieved strong results and growth of its diversified business across the region, becoming …

Nairobi, Kenya | THE INDEPENDENT | The East African Civil Society Organisations’ Forum (EACSOF) has castigated the government of Tanzania over its treatment of human rights activists from the East African Community (EAC). The group voiced its “deepest concern regarding the detention, denial of entry, and deportation” of citizens of …

Nairobi, Kenya | THE INDEPENDENT | Kenyan human rights activist Boniface Mwangi has revealed that Agather Atuhaire, a Ugandan lawyer, journalist, and social justice activist whose whereabouts are unknown, was tortured by Tanzanian security. “The last time I was in the same space with @AAgather was Tuesday morning. We had been …

As Africa shifts towards renewable energy, homes, businesses, and institutions are increasingly adopting battery storage systems to reduce reliance on the national grid. SPECIAL REPORT | BIRD AGENCY | Africa is experiencing a major boom in battery storage, as residential homes, businesses and institutions like hospitals and schools cut down …

Earnings per share grew by 13% to Kshs. 10.4 Quarter three profit after tax up by 13% to Kshs.40.9 billion Deposits grew by 9% to Kshs.1.3 trillion Regional businesses contributed 48% of total assets and 51% of profit before tax for the period Total Assets grew to reach Kshs.1.7 trillion …

  Nairobi, Kenya | THE INDEPENDENT | Equity Group Foundation (EGF) Executive Chairman Dr. James Mwangi has flagged off 113 Equity Leadership Program ELP scholars who have secured admission and scholarships to join 71 global universities. The scholars, eight of them Ugandans and some of them refugees, have secured scholarships valued at $21,497,646 …

Nairobi, Kenya | THE INDEPENDENT |  Equity Group Holdings has proposed a record dividend of Kshs.15.1 billion for a second year running. While releasing the 2023 full year financial results Dr. James Mwangi, Group Managing Director and CEO said. “The Kshs. 4 per share dividend amounts to a 36% payout of …