James Mwangi’s Equity Bank secures $49.3 million in funding for onward lending to small businesses
The funds will be deployed to render support through microcredit loans to small and medium-type businesses in Kenya.
The funds will be deployed to render support through microcredit loans to small and medium-type businesses in Kenya.
Mwangi, the CEO and managing director of Equity Group, owns a 3.38-percent stake in the bank.
The credit facility is a seven-year Tier 2, Basel II-compliant subordinated loan.
Equity Group is listed on the Nairobi Securities Exchange and holds over $8.92 billion in assets.
Equity Group Holdings Limited is Kenya’s leading financial services holding.
Equity Group Holdings is Kenya’s leading financial services holding.
Equity Group is a leading financial services holding based in Nairobi, the capital and largest city of Kenya.
The group is embarking on the deal to expand its operational footprint beyond its current markets.
Equity Group Holdings Limited is a leading financial services holding based in Nairobi.
Equity Group Holdings Limited is a leading financial services holding headquartered in Nairobi.
The successful recipients were selected from a host of 114,000 applicants.
COVID-19 has caused Kenyan healthcare workers to experience mental stress in the line of duty.
The gains can be linked to the group’s better-than-expected financial results for Q1 2021.
The surge follows a rise in the company’s shares on the Nairobi Stock Exchange.
The Wings to Fly program is implemented with the Mastercard Foundation and Germany’s KfW.
Its foundation will plant about 7,000 trees to mitigate the adverse effects of climate change.