This follows the lender’s record-high profit of $350.2 billion in 2021.
Equity Group
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As of press time, Mwangi’s stake in the Kenyan financial services group is valued at $52.81 million.
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Kenyan businessman James Mwangi’s Equity Group signs MOU with Uganda National Oil Company
Equity Bank Uganda is one of many operating subsidiaries of Equity Group Holdings.
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One of Kenya’s richest investors, James Mwangi, loses $4 million from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.
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Equity Group has grown to become East and Central Africa’s largest financial services firm.
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Mwangi holds a 3.38-percent stake, or 127,809,180 shares, in the financial services group.
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James Mwangi-led Equity Group mobilizes $4.6 billion to support MSMEs in East and Central Africa
Equity Group is listed on the Nairobi Securities Exchange and holds over $8.92 billion in assets.
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James Mwangi’s Equity Group appears set to acquire local rivals as part of growth strategy
Equity Group is a leading financial services holding based in Nairobi, the capital and largest city of Kenya.
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James Mwangi-led Equity Group to invest $1.5 billion in Africa-focused businesses in Kenya, South Africa
by Ishioma Emiby Ishioma EmiThe group is embarking on the deal to expand its operational footprint beyond its current markets.
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The gains can be linked to the group’s better-than-expected financial results for Q1 2021.