Equity Group, Kenya’s most profitable bank, has undertaken a dramatic and decisive cultural reset, firing approximately 2,000 employees over serious conflicts of interest and ethics violations. This massive ethics sweep, announced by the Group’s Managing Director, Dr. James Mwangi, was…
In a powerful gathering that underscored the urgency of global financial reform, Dr. James Mwangi, the Managing Director and CEO of Equity Group, joined a formidable coalition of global financial leaders today at the Financing for Development 4 (FfD4) conference…
The Uganda Bankers Association (UBA) has elected Cathy Adengo as the Chairperson of its Sustainability Committee. Adengo, who is also the head of Sustainability at Stanbic Bank Uganda, will lead an executive committee comprising members from prominent banks, including Stanbic…
In a bid to enable Ugandan business operators to have easier and more affordable access to credit, Stanbic Bank Uganda has reduced its USD Prime Lending Rate (PLR) from 13.5% to 13.0% per annum. According to a statement from the…
Equity Bank Uganda has announced the appointment of Mr. Gift Shoko as its new Managing Director, subject to regulatory approval. Mr. Shoko succeeds Mr. Anthony Kituuka who has stepped down from the role. Mr. Shoko brings over 26 years of…
Highlights: Johannesburg, South Africa – May 24, 2024 – Despite 64% of Africans expressing confidence in the continent, they remain loyal to non-African brands, which have retained their lowly 14% of the most admired brands in Africa, Brand Africa revealed…
Photo Courtesy | Equity Bank Equity Bank Uganda has launched investigations into cases of fraud surrounding their Stock Loan and Agent Float financing that happened recently. The Stock Loan product is a credit facility meant to support entrepreneurs, small and…
As one of the strategies to further improve customer experience and deliver services to its customers conveniently, Equity bank has launched a high-tech contact centre. The new Contact Centre will allow the Bank to deliver improved support conveniently to the…
Regional lender, KCB Group, has followed the footsteps of Equity Bank to venture into the Democratic Republic of Congo. KCB Group, which already has operations in Rwanda, Burundi, Tanzania, Uganda and South Sudan, says it has reached an agreement to…
Property consultancy firm, Knight Frank, has been appointed by Aponye (U) Ltd, to manage Aponye Complex, a newly completed mixed-use development in the heart of Ntinda, Kampala. The Aponye Complex, a 5,000 sqm mixed-use development which comprises retail, commercial and…
Will the government survive fire for favouring foreign investors all the time against local businessmen? Moreover, when this is supposed to be a government by the people and for the people? Currently the government of Uganda is under heavy fire…
The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the vice president of risk and finance at the…
Equity has been named the Best Regional Bank in East Africa by the 2021 African Banker Awards. The award was conferred to the Bank for its strong and consistent financial performance, its role in leading the disruption of Fintech innovations…