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 …
Read More »Equity Group hits Kshs 43.7 billion profit after tax, proposes another record dividend payout
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 …
Read More »Equity Leaders Program sees 98 scholars join top global universities
Nairobi, Kenya | THE INDEPENDENT | Equity Group Foundation (EGF) Executive Chairman Dr. James Mwangi has commissioned the airlift of 98 scholars who have secured admission and scholarships to join 52 global universities located in 18 countries. The scholars are drawn from the Equity Leaders Programs in four countries – Kenya …
Read More »African lobbies launch campaign to track expenditure of climate finance
Nairobi, Kenya | Xinhua | African campaigners on Friday launched an initiative to track the expenditure of climate finance in the continent. Charles Mwangi, head of programs and research at the Pan African Climate Justice Alliance (PACJA) told journalists in Nairobi, Kenya’s capital, that the ‘Follow the Money’ campaign will …
Read More »Equity signs MoU with Uganda National Oil Company
| THE INDEPENDENT | Equity Bank Uganda and the Uganda National Oil Company on April.13 signed a Memorandum of Understanding to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for medium and small enterprises. The areas covered in the MoU include; …
Read More »KARUHANGA: Local companies also need support
Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …
Read More »Equity Group’s net profit doubles to Kshs40bn
The group rescheduled 32% of all client loans to support recovery from COVID-19 pandemic | THE INDEPENDENT | Equity Group Holdings has recorded a 99% jump in profit after tax to Ksh40bn for the year ended December 2021 riding on higher yields from interest paid by borrowers and an improved …
Read More »USh1.2 trillion: Record performance for Equity Group
Profit After Tax increased by 99% to Ushs 1.2 trillion ($349million) Nairobi, Kenya | THE INDEPENDENT | Equity Group has recorded superior performance for the year ended 31st December 2021, putting it at the top as the regional financial sector market leader, despite the challenging operating environment characterized by a global …
Read More »Equity named Best Regional Bank in East Africa
Nairobi, Kenya | THE INDEPENDENT | Equity has been named the Best Regional Bank in East Africa at the 2021 African Banker Awards. According to a statement, the award was conferred to the bank for its strong and consistent financial performance, its role in leading the disruption of Fintech …
Read More »Equity Group profits up 64% to Kshs8.7bn
The lender has also recorded a surge in operational expenses during the same period under review Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded a huge surge in profits amidst the multi-faceted Covid-19 pandemic crisis of health, economic disruption and humanitarian challenges. Latest financial results …
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