Kenya’s richest banker James Mwangi loses $2.4 million from stake in Equity Group
Equity Group’s share price on the NSE has declined by 5.63 percent, dropping from Ksh44.4 ($0.3377) on Apr. 18 to Ksh41.9 ($0.3187) at the time of this update.
James Mwangi
James Mwangi-led Equity Group’s life insurance unit shakes up Kenya market
Equity Life’s rise coincides with Mwangi’s continued regional expansion of Equity Group across East and Central Africa.
Kenya’s richest banker James Mwangi loses $3.3 million from stake in Equity Group
Mwangi, Kenya’s richest banker, holds a 3.38-percent stake in Equity Group. This equates to 127,809,180 ordinary shares.
Kenya’s richest banker James Mwangi makes nearly $4 million in 2 weeks
The recent gain not only reinforces Mwangi’s standing as one of the top investors on the NSE but also strengthens his position as Kenya’s wealthiest banker.
Kenyan banker James Mwangi leads Equity’s expansion into general and health insurance
The expansion follows a successful foray into life insurance in 2022 and subsequent approval from the Insurance Regulatory Authority (IRA) in May 2023 to establish a general insurance company.
Britam, owned by Kenya’s richest investors, pours nearly $5 million into fund
This move, aimed at shoring up the unit’s liquidity, brings Britam’s total cash injection into the fund to Ksh6.9 billion ($53.1 million) as of December 2023.
Equity Group led by Kenyan banker James Mwangi to reward shareholders with $114.4-million dividend
With Mwangi at the helm, the conglomerate remains on course for sustainable expansion and prosperity within the African financial sector.
Kenya’s richest banker James Mwangi gains $5.7 million from stake in Equity Group
Over the past 40 days, Nwangi’s stake in Equity Group has increased by $5.77 million over the past 40 days, cementing his position among Kenya’s richest individuals.
Kenyan banker James Mwangi gains $3 million from Equity Group stake
Mwangi’s stake in Equity Group has hit the $30-million milestone.
Kenyan tycoon James Mwangi leads Cogebanque into merger with Equity Bank Rwanda
Equity Group envisions expanding opportunities for wealth creation while upholding the highest standards of service excellence, innovation, and financial inclusion.
Kenyan multimillionaire banker James Mwangi faces $19.2-million loss in 2023
This follows the financial setback he experienced in 2022 when Equity Group shares dropped significantly with Mwangi’s stake in the lender declining by $13 million.
Kenyan tycoon James Mwangi suffers $2.1-million loss from Equity Group stake
Mwangi owns a 3.38-percent stake in Equity Group, or 127,809,180 ordinary shares.
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.
5 companies owned by one of Kenya’s richest individuals, James Mwangi
Under Mwangi’s leadership, Equity Group evolved into an integrated financial services group with active operations spanning six African countries.
Kenyan banker James Mwangi says Equity Group’s DRC unit will soon overtake Kenya
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.
Kenyan tycoon James Mwangi-led lender reports nine-month profit exceeding $230 million
Under the leadership of Mwangi, Equity Group has solidified its position as a dominant force in East and Central Africa.