Kenyan banker

Mwangi owns a sizable 3.38-percent stake in Equity Group.

Awori is joining Ecobank after 25 years in the banking industry.

The acquisition could present additional challenges and opportunities to Equity Group.

Its profit rose by more than 55 percent to $95.7 million.

Mwangi’s 3.38-percent share in Equity Group is valued at $51.3 million at the current market price.

Muriuki owns a two-percent stake in the leading financial services group, totaling 102,528,400 shares.

The dividend will be paid from the group’s retained earnings of $741.9 million at the end of 2021.