Tag: EQUITY

More women owned SMEs to benefit from newly signed Equity SME grant

Pristone Mambili

A bulk of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned and led MSMES across Kenya, Uganda, Rwanda, and DRC, Equity Group Holdings Managing Director and CEO Dr James Mwangi has said. Speaking during the recently signed Kshs 8.25 billion agreement with the African Guarantee Fund, Dr Mwangi said the move is aimed at giving equal opportunity to men and women without discrimination while derisking the SME segment. This is also part of the bank’s commitment to the Sustainable Development Goal…

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Equity Continues Its Commitment to MSMEs to Sustain and Scale Their Operations with Funds

Pristone Mambili

Equity Group Holdings has signed a Kshs 16.5 Billion loan facility with the European Investment Bank (EIB) and the European Union (EU) in its continued commitment to strategically walk with MSMEs during the three years the COVID-19 pandemic is expected to adversely affect the business operating environment as a result of the adoption of COVID-19 coping and containment measures. Equity Group, the EIB and the EU chose to have the loan facility in Kenya Shillings to match the operating currency of SME businesses and eliminate the risk of foreign exchange…

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Equity crosses the Trillion mark

PRISTONE MORENOCAMPO

Equity Group has crossed the Ksh.1,000,000,000,000 rubicon becoming the first bank in Eastern and Central Africa to cross this mark.   The milestone was achieved upon successful migration of BCDC to Equity’s Finacle core banking platform.   The one trillion mark by Equity lifts the visibility of the financial sector in Eastern Africa significantly to compete favorably with financial institutions in South Africa, West Africa and North Africa for project and development finance.   Speaking when announcing this milestone from Kinshasa Congo where he was witnessing the migration of BCDC…

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Equity ranked 2nd valuable brand in Kenya

Pristone Mambili

Equity has been ranked as the 2nd topmost valuable brand in Kenya, according to Brand Finance, an organization that specializes in brand valuation across all sectors. Each year, Brand Finance undertakes the world’s largest study on brand valuation, ranking over 5000 of the world’s biggest brands across all sectors and geographies. Millions of data points are analyzed, calculated and combined to form over 50 annual rankings released each year. For the first time this year, Brand Finance launched the Africa150 ranking; a ranking of Africa’s most valuable and strongest brands.…

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Equity appoints Samuel Onyango as new Director to the Kenya Board

Pristone Mambili

Equity has announced the appointment of Samuel Onyango as a Non-Executive Director to it’s Equity Bank (Kenya) Limited (EBKL) Board. Onyango has extensive leadership experience in a wide range of professional services as a Certified Auditor, Company Secretary, Arbitrator, and Mediator, including his contribution to the development of the accounting profession in East, Central, and Southern Africa in the course of his career. Currently, he is a Director at Jadala Investments Ltd., a Non-Executive Director at BAT Kenya Limited since July 2019, and a member of its Audit and Risk…

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Equity Signs MoU with the Kenya Private Schools Association as schools re-open

Pristone Mambili

Equity has entered into a partnership with the Kenya Private Schools Association (KPSA) through the signing of a Memorandum of Understanding (MoU). This will see the lender support and provide financial solutions to all private schools under the KPSA umbrella. KPSA members will enjoy affordable financing for project development, working capital financing and for moveable asset financing cushioning them from the adverse economic effects of COVID-19. Through this partnership, KPSA members will now access development and mortgage financing solutions of up to Ksh 200 million and unsecured facilities of up…

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Chamber of Commerce and Industry, Equity sign sh200bn MoU to Kenyan businesses

Pristone Mambili

The Kenya National Chamber of Commerce and Industry (KNCCI) and Equity have signed an MOU that has seen Equity set aside Ksh 200 billion for KNCCI members to access as part of the post COVID-19 financial support for businesses. The partnership will see the two institutions provide a financial and training framework to a potential 3 million enterprises hence increasing their financial inclusion, access to credit and capacity building. Under the agreement, both parties will undertake joint activities to empower businesses countrywide financially and to build their capacity through programmes…

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Micro and small enterprises Authority enters MoU with Equity

Martin Gicinga
MSEA

Micro and Small Enterprises Authority (MSEA) and Equity have signed a Memorandum of Understanding (MOU). This will see MSE Associations under MSEA benefit from financial empowerment, advisory services and capacity building. Equity, through its banking arm will offer credit facilities to qualifying members at attractive rates and terms. While its social impact arm, Equity Group Foundation, will offer financial literacy training and capacity building for the MSEs. MSE Associations who bank with Equity will be trained in a comprehensive curriculum that is tailor-made to equip them with skills in entrepreneurship,…

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Equity CEO Dr James Mwangi wins coveted Oslo Business for Peace Award

Pristone Mambili

Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings  and Executive Chairman Equity Group Foundation has been honored with the prestigious 2020 Oslo Business for Peace Award which is also described as the “Nobel Prize for Business.” Honourees are chosen by a prestigious Award Committee consisting of past Nobel Prize winners in Peace and Economics. Current committee members are: Ouided Bouchamaoui (Tunisia), Leymah Gbowee (Liberia), Finn Kydland (Norway), and Eric Maskin (USA). The Award is conferred annually to exceptional individuals who exemplify their outstanding `business worthy’ initiatives…

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