Nairobi, Kenya | Xinhua | 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 IFC, said in Nairobi, the Kenyan …
Read More »Equity Group records 11% drop in net profit to Shs684bn
Net profit contribution from the business outside Kenya grew to 28% compared with 18% in the previous year Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded 11% drop in profit after tax to Shs 684 bn for the year ended Dec.2020 citing effects of …
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