James Mwangi gains $17.6 million as Equity Group shares rise
In 2024, the market value of Mwangi's stake increased by Ksh1.51 billion ($17.57 million), fueled by a robust stock performance on the NSE.
In 2024, the market value of Mwangi's stake increased by Ksh1.51 billion ($17.57 million), fueled by a robust stock performance on the NSE.
Equity Group CEO James Mwangi sets ambitious goal to create 50 million jobs in Africa by 2030, following his appointment to the World Bank’s High-Level Advisory Council on Jobs.
Equity Life Assurance Kenya, a fast-growing subsidiary of Equity Group Holdings, posts a remarkable 181-percent profit increase, signaling robust performance in the insurance sector.
James Mwangi, Kenya's richest banker, solidifies his position with a 12.64% increase in Equity Group shares, boosting his net worth to nearly $50 million.
The initiative will focus on enhancing support for small and medium-sized enterprises (SMEs) in both regions.
Regional subsidiaries contributed 49.78 percent of the earnings, reflecting the group's successful regional diversification strategy.
The project is designed to enhance financial inclusion for small businesses and individuals in these marginalized areas.
Mwangi, who holds a 3.38 percent stake, equivalent to 127,809,180 ordinary shares, has seen his investment rebound by Ksh683.78 million ($5.3 million) over the past seven weeks.
Equity Group, led by Kenyan banker James Mwangi to increase salaries for female employees to narrow the gender pay gap and promote pay equity.