Led by Kenyan banker James Mwangi, Equity Group set to acquire Spire Bank
The acquisition could present additional challenges and opportunities to Equity Group.
The acquisition could present additional challenges and opportunities to Equity Group.
Absa Bank Kenya reported triple-digit earnings growth in the 2021 fiscal year.
Owino founded Ascent in 2012.
His resignation will take effect on Oct. 31.
NCBA Group is a Nairobi-based financial services conglomerate.
The court ruled that Rwanda violated a regional treaty when it took over and sold Rujugiro’s shopping mall.
The Mukuha family retains a majority 60-percent stake in Naivas.
The Ndegwa family’s 13.13-percent stake in NCBA Group is worth $54 million.
Aside from his ownership interest in Centum, Kimani controls 32.3 percent of Kakuzi and 2.99 percent of Nation Media Group.
This year alone, the group has launched four branches in Kenya.
Kaluworks is a manufacturing firm and a subsidiary of Chandaria’s main company, Comcraft Group.
The double-digit increase in earnings was driven by a significant rise in interest and non-interest income.
METL Group is Tanzania’s largest home-grown corporation, worth more than $1 billion.
Its profit rose by more than 55 percent to $95.7 million.
Pwani Oil Products is a Kenyan company owned by Mombasa-based tycoon Malde and his family.
Mbire is anticipated to receive $1.16 million from the telecom group’s interim dividend payout.