Kenya is suffering from its worst drought in decades.
Equity Group
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- Hot News
Kenyan billionaire James Mwangi’s stake in East Africa’s largest bank now worth $49 million
Kenyan billionaire Mwangi owns a sizable 3.38-percent stake in Equity Group.
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Mwangi owns 3.38 percent of the financial services group.
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Mwangi owns a sizable 3.38-percent stake in Equity Group.
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The acquisition could present additional challenges and opportunities to Equity Group.
- Hot News
Led by Kenyan banker James Mwangi, Equity Group posts over $200 million in profits in H1 2022
Mwangi’s 3.38-percent share in Equity Group is valued at $51.3 million at the current market price.
- Hot News
Kenyan businessman James Mwangi gains $9.9 million in less than two months as Equity shares rebound
Mwangi’s 3.38-percent stake has now risen in value to $51.71 million.
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Under Mwangi’s leadership, Equity Group has grown into the largest financial services group in East and Central Africa.
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Mwangi’s loss comes on the heels of a reduced appetite for emerging market shares.
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Its total investment in the country is now $148.4 million.