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.
Mwangi’s 3.38-percent share in Equity Group is valued at $51.3 million at the current market price.
Mwangi’s 3.38-percent stake has now risen in value to $51.71 million.
Under Mwangi’s leadership, Equity Group has grown into the largest financial services group in East and Central Africa.
Mwangi’s loss comes on the heels of a reduced appetite for emerging market shares.
Rwandan President Paul Kagame participated in the groundbreaking ceremony of the project.
Its total investment in the country is now $148.4 million.
This follows the lender’s record-high profit of $350.2 billion in 2021.
As of press time, Mwangi’s stake in the Kenyan financial services group is valued at $52.81 million.
Equity Bank Uganda is one of many operating subsidiaries of Equity Group Holdings.
Munga is a non-executive director at Britam and a co-founder and former chairman of Equity Group Holdings.
Mwangi owns a significant 3.38-percent stake in Equity Group.
Under Mwangi, Equity Group has grown into East and Central Africa’s largest financial services group.
Equity Group has grown to become East and Central Africa’s largest financial services firm.
On the Nairobi bourse, the top three wealthiest investors are Aga Khan IV, James Mwangi and the Merali family.
Equity Group is East and Central Africa’s largest financial services group.
Mwangi holds a 3.38-percent stake, or 127,809,180 shares, in the financial services group.