
Kenyan tycoon James Mwangi-led lender grows stronger with $47-million Cogebanque deal
The move aligns with its strategy to bolster earnings and revenue by expanding its reach across East Africa.
The move aligns with its strategy to bolster earnings and revenue by expanding its reach across East Africa.
Mwangi credited the growing influence of Equity Group’s subsidiaries, especially the DRC unit, for the overall performance of the group in the first nine months of 2023.
Mwangi, the managing director and CEO of Equity Group, shared details of this ambitious plan during a recent interview in Kenya.
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
This marks the latest chapter in Munga’s ongoing struggle with debt, which has seen him narrowly escape property auctions in the past.
Under the visionary leadership of Mwangi, Equity Group has emerged as a dominant force in East and Central Africa.
Equity Group has become a dominant force in East and Central Africa under Mwangi, who owns 3.38 percent of the group.
Equity Group, under the leadership of Mwangi, reported a profit of $182.8 million at the end of the first half of its 2023 fiscal year.
Mwangi derives the majority of his wealth from a 3.38-percent stake in Equity Group.
Under Mwangi, Equity Group achieved record-breaking profits of $350 million at the end of the 2022 fiscal year.
Mwangi revealed that the collaboration aims to ensure energy becomes a fundamental right for the people of the DRC.
In the recently presented 2022 Sustainability Report, Mwangi, the group CEO, highlighted the organization’s dedication to prioritizing people over profits.
Equity Group is a leading East and Central Africa financial services conglomerate.
Under Mwangi, Equity Group has played a key role in the growth and transformation of Kenya’s financial services industry.
Under James Mwangi, who holds a 3.38-percent stake in the company, Equity Group witnessed a 15 percent increase in profits in 2022