Browsing: Equity Group Holding

Equity Group CEO, Dr James Mwangi joined a league of 14 global CEOs who have committed to champion cross-sector collaboration in the creation of a purpose-first economy.

The letter signed by the participants shows their vision for a new global economy that is more equal, inclusive and sustainable. They are also looking at an economy that is more robust in the face of pandemics, climate change and many other global challenges that the world is facing.

António Guterres, the UN Secretary-General, Henrietta Fore, UNICEF Executive Director and OECD Development Co-operation Director Jorge Moreira da Silva among other people endorsed the CEOs’ open letter.

Among the CEO’s who have joined the movement are the CEO’s of International Chamber of Commerce Mastercard, Interface, Voyager, Danone, DSM, Philips, L’Oréal, Fortune Media, Mahindra, Natura & Co, Ketchum PR and Beiersdorf.

The CEO’s have combined annual revenue of over $100 billion and a combined global …

Equity Group Holding announced it had entered into an agreement with the Commercial bank of the Congo Banque commercial du Congo by assets.

The regional lender aims at merging its business with that of the existing Congolese subsidiary. It is on course to establish a presence in ten African countries with a cautious entry into Zimbabwe which is currently weighed down by a volatile exchange rate and hyperinflation.

The takeover of the Zimbabwean lender BancABC (Zimbabwe) which serves both corporates and retail was part of Equity’s grand Atlas Mara deal. With the deal, Equity gains entry into two additional countries Zambia and Mozambique through acquisitions.

BancABC is officially known as ABC Holdings and is a fully owned subsidiary of Atlas Mara which acquired the bank in 2014 for an estimated $265 million. It has subsidiaries in Mozambique, Tanzania, Zambia and Zimbabwe.

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Equity Group Holding Plc’s subsidiary, Equity Investment Bank (EIB) has partnered with global investment firm Tellimer, in which EIB clients will access the firm’s new research portal.

The pact comes as part of Equity’s market development strategy and will enable EIB clients gain access to research insights and intelligence to make quality and informed investment decisions.

Equity Group’s CEO and Managing Director Dr. James Mwangi noted that the research portal will go a long way in achieving EIB’s vision to become a leading brokerage and investment banking firm in Kenya, East and Central Africa, serving local and international institutional investors alongside local retail investors.

“We are excited about this partnership and particularly the launch of this product. Tellimer is tapping research from 156 countries. The advantage of market research is that it collects a huge amount of complex data and synthesizes it into information which provides useful insights to inform …