The collaboration aims to expand financial inclusion, strengthen digital payment ecosystems and support Africa’s digital transformation through stronger public-private partnerships while modernising African economies.
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In FY 2024, Equity Group Holdings Plc achieved a Profit After Tax (PAT) of Kshs 48.8 billion, demonstrating the continued success of the Group’s diversified business model and prudent risk management.
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The High-Level Advisory Council on Jobs was launched during the 2024 World Bank Group-IMF Annual Meeting, in October 2024 in Washington, DC, with the ethic that creating jobs is central to combating poverty, growing prosperity, and enhancing dignity.
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The reduced interest rate on all new and existing Kenya Shilling-denominated credit facilities will comprise the revised Equity Bank Reference Rate (EBRR) of 17.39% plus a margin, currently capped at a maximum of 8.5% per annum.
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Euromoney, renowned for its rigorous evaluation process, celebrates institutions that demonstrate exceptional corporate responsibility, ethical conduct, and transformative community initiatives.
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Remittances are a key economic driver in Sub-Saharan Africa with a reported $53 billion flowing into the region in 2022. In Kenya, the Central Bank of Kenya reported $5.77 billion worth of foreign currency inflows in 2022.
Cross-border remittances unlock financial inclusion by empowering individuals
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The performance reflected strong momentum as net interest income grew by 21% to Kshs.104.2 billion up from Kshs.86 billion while non-funded income registered an impressive 30% growth to Kshs.75.9 billion up from Kshs 58.3 billion.
Gross trade finance revenue grew by
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The induction facilitated their interaction with leaders from various industries, including the Equity Group leadership team, covering crucial topics such as leadership, personal growth, and community development, ensuring a well-rounded learning experience.
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