Search Results for: Equity Bank
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BUSINESS
Equity Bank and Mastercard sign remittance deal
Digital payments firm Mastercard has entered into a partnership with Equity Bank to enable the bank’s customers to send money…
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BUSINESS
PayPal withdrawals via Equity Bank now instant
Equity Bank has reduced the duration it takes to settle PayPal withdrawals from 24-hour to an instant withdrawal capability. The…
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News
Equity Bank to discontinue its EazzyBanking App in March
Equity Bank has announced that it will discontinue its EazzyBanking App, which was its pioneer mobile banking application, first unveiled…
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BUSINESS
Equity Bank’s digital banking transactions surpass Ksh. 7 trillion
Transactions on Equity Bank’s digital banking platforms surpassed Ksh. 7 trillion as compared to legacy banking at just over Ksh…
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News
Equity Bank: Unlocking convenience and security in the digital banking era
The global landscape is undergoing a remarkable transformation towards digital banking, with an ever-growing number of customers embracing its offerings…
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BUSINESS
Equity Bank: Safeguarding Yourself and Your Bank Account
As the world continues to adopt digital banking be it on mobile or online, it is important that all of…
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News
Technology and innovation at the core of Equity Bank’s success
Africa is undergoing a season of rapid growth, characterized by innovative ideas that are crafting solutions to local problems. This…
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News
Tanzania’s fintech NALA enters Kenya, inks diaspora remittance deal with Equity Bank
Tanzania-based fintech startup NALA has partnered with Equity Bank Kenya for diaspora remittance. This partnership will allow Kenyans living in…
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News
Equity bank rolls out chatbot on WhatsApp, Facebook Messenger, and Telegram
Equity has introduced Equity Virtual Assistant (EVA), the Bank’s chat banking platform for WhatsApp, Facebook Messenger and Telegram. EVA chatbot will offer digital…
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News
Equity Bank Announces Winners of its First Innovation Competition
The Equity Hackathon, an innovation competition backed by Equity Bank and Microsoft came to a close after weeks of intensive…
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BUSINESS
Equity Bank Awarded for Leading in E-Commerce payment volumes
Equity bank has been honoured with two awards by Visa for leading in Visa generated volumes in 2021. The bank…
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BUSINESS
PayPal withdrawals via Equity Bank will now take 24 hours
Equity Bank has reduced the duration it takes to settle PayPal withdrawals from 3 Business days to just 24 hours.…
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BUSINESS
Equity Bank half-year profits hit Ksh.17.9bn
Equity Group has announced a 98% growth in half-year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year.…
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BUSINESS
KRA wins Kshs. 234m tax claim against Equity Bank Kenya
The Kenya Revenue Authority ( KRA ) has won a Kshs. 234 million tax claim suit against Equity Bank Kenya.…
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BUSINESS
Equity Bank Registers 51% Balance Sheet Growth
Equity Bank has weathered the COVID-19 disruption to register a 51% growth in its balance sheet with total assets growing…
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BUSINESS
Equity Bank, FMO-NASIRA sign guarantee program for COVID-19 support
Equity Bank Kenya has entered into a new partnership with the Netherlands FMO development bank with the signing of a NASIRA…
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BUSINESS
Equity Bank’s Borrowed SME Funds jump to Ksh68.5 billion in Q3
Equity Bank’s borrowed funds for SME s jumped 19.7 per cent to Sh68.5 billion over the three months to September…
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News
Equity Bank Appoints Ambassador Erastus Mwencha Board Chairman
Equity Bank (Kenya) Board has appointed former Deputy Chairperson for the Africa Union Commission (AUC) Ambassador Erastus Mwencha, as its…
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BUSINESS
Equity Bank Rolls-out Universal Number for All Outgoing Calls to Customers and Stakeholders
Equity is saving its customers a headache by rolling out a universal number for all outgoing calls. From now henceforth,…
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BUSINESS
Equity Bank Receives $50 Million Loan from IFC to support Kenyan SMEs affected by COVID-19
IFC has announced a $50 million loan to Equity Bank Kenya to support local SMEs especially those facing COVID-19 related…
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BUSINESS
Equity Bank’s diaspora remittance volumes hit Sh100 billion in just nine months
Equity Bank’s diaspora remittance volumes hit Sh100 billion in the nine months to September. This helped boost the lender’s forex…
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BUSINESS
Equity Bank unveils EazzyFX, its online forex trading platform
Equity Bank has unveiled an innovative online forex trading platform in a move that seeks to harness the potential of the financial markets…
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BUSINESS
Equity Bank lowers lending rates to 13 percent
Equity Bank has lowered the interest rate charged on loans to a maximum of 13 percent p. a with effect…
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BUSINESS
Equity Bank records Shs.5.9 billion 2018 quarter profit
Equity Bank, Kenya biggest bank in terms of customers recorded a profit after tax of Shs 5.9 billion in the…
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BUSINESS
Equity bank records Ksh.18.9 billion profit after tax for the year 2017
Equity bank has reported a profit after tax of Kshs 18.9 billion for the year ending December 2017 up from…
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BUSINESS
Equity Bank reduces interest rate on credit facilities to 14.5% p.a
In line with the new regulation, Equity Bank has today announced that it has adjusted its interest rates to 14.5%…
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BUSINESS
Equity Bank Voted most innovative Bank in East Africa 2016
Equity Bank has been named the most innovative Bank in East Africa 2016 for the second year in a row.…
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BUSINESS
Equity Bank lines up Vijana na Equity programme to nurture youthful entrepreneurs in the creative space
Equity Bank Kenya has launched a dedicated online campaign to provide support for youthful entrepreneurs aspiring to make their mark…
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News
Equity Bank issues smart SIM powered by Taisys Technologies to provide mBanking and mobile communication services
By Nixon Kanali Equity Bank customers can now enjoy funds transfer, micro-payments and other mobile financial services that are agnostic…
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BUSINESS
Equity Named Kenya’s Overall Best Bank After Bagging More 10 Than Awards
Equity Bank has once again been feted as the best bank in the country for the 12th consecutive year, at…
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BUSINESS
KCB overtakes Equity as Kenya’s largest bank with Sh1.55tr assets
KCB Bank has dethroned Equity as the largest lender in the country by asset size on the back of an…
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News
Brand Finance Ranks Equity 5th Strongest Banking Brand in the World
Equity Group, East, and Central Africa’s largest financial services Group has been named the 5th strongest banking brand in the…
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BUSINESS
Equity Revamps its Online Banking Solutions to Drive Customer Convenience
Equity Bank has revamped its online banking offering, previously known as Eazzy Net, in line with the bank’s One Equity…
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BUSINESS
Equity Signs Kshs 11 Billion Credit Facility with European Development Banks to Support local MSMEs
Equity Group has signed a Kshs 11 Billion loan facility with Team Europe, Germany’s DEG, the Netherlands FMO and the…
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News
Equity BCDC Unveils New Identity as It Positions to be the Bank of Choice in DRC
After a successful merger of Equity Bank Congo (EBC) and Banque Commerciale du Congo (BCDC), to form Equity BCDC, the…
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BUSINESS
Equity receives double recognition at the African Bankers Awards 2020
Equity has scooped two awards at this year’s African Banker Awards. The Bank has been awarded the Best Regional Bank…
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BUSINESS
Equity Completes KSh.10.2 billion Acquisition of majority stake in Congolese Bank
Equity Group has completed its acquisition of 66.53% stake in the Banque Commerciale Du Congo (BCDC) at a cost of…
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News
Equity’s Eazzy Banking App now allows customers to open accounts instantly via the app
Equity Bank has made some updates to its Eazzy Banking App for both iOS and Android devices. The newly updated…
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BUSINESS
Equity Group calls off plans to acquire Atlas Mara banking businesses
Equity Group has called off plans to acquire Atlas Mara (ATMA). The decision according to Equity is consistent with the…
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BUSINESS
Unlocking convenience and conscious spending with your Equity Prepaid Card
Embarking on a new year comes with the promise of fresh starts, and there’s no better way to kickstart your…
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News
Investor Outlook Optimistic, says Standard Chartered Bank
Kenya’s fiscal policy is set to benefit from a renewed focus on managing external liquidity concerns recede even as fiscal…
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News
Village Capital and Standard Chartered Bank join forces to invest in women-led startups
Village Capital has partnered with Standard Chartered Bank to pilot a financing facility to invest in the Bank’s Women in…
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BUSINESS
Receive money from anywhere across the world with Equity
In an era where global connectivity is paramount, Equity through its cutting-edge international money transfer solutions is committed to delivering…
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BUSINESS
Seamlessly Shop This Festive Season With Equity
With the festivities here with us (well, we know, just like you, we’re not sure how it happened so fast…
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BUSINESS
Here Is What You Need To Know About Equity’s Instant Top Up Option To Complete a Transaction
Have you ever found yourself in a situation where you are unable to complete your transaction due to insufficient funds…
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News
Zambia’s fintech Lupiya raises $8.25m Series A round to grow its neo banking business
Zambian neobank, Lupiya has secured $8.25 million in Series A seed funding round to scale its business in its home market…
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BUSINESS
Equity: Empowering Your Financial Future With Digital Saving Solutions
The pursuit of financial independence is a goal shared by many, a journey towards the freedom to pursue our desires…
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News
Navigating the back-to-school season with financial solutions from Equity
As the new school term approaches, parents everywhere are gearing up for a mix of excitement and challenges that come…
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News
Mobility fintech Moove secures $76M equity, debt from Mubadala and BlackRock
Moove, the African mobility fintech has secured $76 million in new funding, consisting of $28m in equity from new and…
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News
Safaricom Ethiopia closes funding transaction from World Bank’s investment arms
Safaricom Ethiopia is set to receive funds from the World Bank Group, following the closure of the transaction during a…
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News
PayPal Withdrawals made quick and easy with Equity
Last year, Equity launched a ground-breaking solution to expedite PayPal withdrawals to help customers transfer funds easily from PayPal to…
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News
Equity records a 23.3% increase in digital transactions to Ksh. 2,288.8 billion
Equity Group released its Q1 2023 results on Tuesday reporting a 23.3% increase in digital transactions to Ksh. 2,288.8 billion…
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BUSINESS
Vice Media Files for Bankruptcy After 29 Years
After 29 years, VICE Media LLC, a trendsetting media company, has filed for Chapter 11 bankruptcy, a process that is…
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News
M-KOPA raises $250M in debt, equity to scale its asset finance platform across Africa
Asset financing platform M-Kopa has raised $250m in new funding to expand its services across Sub-Saharan Africa. The funding includes…
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News
Equity Mobile app now supports Western Union international money transfers
Equity Bank customers can now send and receive money conveniently through Western Union straight from their phones. The bank announced…
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News
Payments firm enza group launches to serve African banks and fintechs
enza Group: Africa has a very vibrant fintech and payments ecosystem. This space is expected to grow exponentially over the coming…
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News
Kenyans can now enjoy PayPal withdrawals on Equity Mobile App
Equity customers who use PayPal to send and receive money now have an alternative means of making transactions. The bank…
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BUSINESS
Make Your Back to School Easy With Equity
It is a no-brainer that the Back-to-school season can be a hectic period for parents, guardians, and students as they…
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BUSINESS
Equity is proof that doing well is intertwined with doing good
Equity has continued to prove that doing well can go hand in hand with doing good. This has over time…
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Startups
Kenyan Court Freezes Flutterwave’s Bank Accounts Over Money Laundering Allegations
Nigerian unicorn fintech Flutterwave has lately been in the news for both good and bad reasons, but the unflattering reasons…
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Startups
This Nigerian fintech is simplifying banking for immigrants
Nigerian fintech startup Vesti is changing the way immigrants access banking services around the world. The company launched by two…
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BUSINESS
Equity adds some new features to its USSD service
Equity Bank has made some new updates to its USSD service (*247#). The bank says the newly updated USSD will…
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BUSINESS
Equity rolls out One Till Number platform, works with all mobile wallets
Equity has introduced a new product they are calling One Till Number. The product, a first in the Kenyan market,…
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News
Equity Acquires Ksh.18.6 Billion loan from IFC for Onward Lending to SMEs in Kenya
Equity Group has acquired a Ksh 18.6 billion loan from the International Finance Corporation (IFC) to help it increase working…
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News
These are the 9 Kenyan startups selected to receive equity-free funding from Google
Google recently announced that it will be investing up to $50 million in African early- and growth-stage startups via its…
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News
Equity receives double International Standards Certification on IT Service and Information Security Management Systems
Equity Bank Kenya has received two International Standards Certifications – ISO 20000 and ISO 27001 on IT Service and Information…
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News
Equity Group’s Finserve Africa Bags 2021 E-Commerce Award
Equity Group’s fintech subsidiary, Finserve Africa, has been named the best in E-commerce – Banking/Financial and Insurance Services Gold Category…
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News
Equity Group Appoints Jonas Mushosho New Non – Executive Director to its Board
Equity Group Holdings has announced the appointment of Jonas Mushosho as a Non-Executive Director to its board. His appointment follows…
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BUSINESS
Equity and American Express Revamp the Membership Rewards Redemption Experience
Equity American Express Card members earn Membership Rewards points when they spend on their Cards. Now, they can redeem their…
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News
98% of Equity’s transactions in Q1 were on digital platforms
98% of all Equity Bank’s transactions are on digital platforms according to the bank’s 2021 Q1 results released recently. EazzyNet,…
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News
Equity Group Records Strong Quarter One Results
Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic…
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BUSINESS
Over 60% of All Equity Transaction Value Performed Digitally, First Time in History
Digital banking has continued to gain traction across the country, and more banks are bettering their apps and websites to…
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News
Spire Bank Appoints Fredrick Omondi New Head of Finance and Administration
Spire Bank, a subsidiary of Mwalimu National Sacco has announced the appointment of Fredrick Omondi Nyasaka as the new Head…
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News
Local banking apps now available on Huawei AppGallery
Huawei Mobile Kenya has announced that a number of local banking apps are now available on AppGallery. Huawei AppGallery is…
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BUSINESS
Newly signed Equity SME guarantees to benefit more women owned SMEs
A bulk of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned…
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BUSINESS
Equity Opens Central and Southern Africa Regional office
Equity Group has opened a new dedicated sub-continent office for the Central and Southern Africa Region. It has also appointed…
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New Appointments
Christopher Newson has joined as Equity as a Non-Executive Director to the Group Board
Equity Group has announced the appointment of Christopher Newson as a Non-Executive Director to its Board. Christopher is a career…
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New Appointments
Samuel Onyango Joins Equity as a Non-Executive Director
Equity has appointed of Samuel Onyango as a Non-Executive Director to its Equity Bank (Kenya) Limited (EBKL) Board. Samuel has…
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BUSINESS
Fraud in the banking industry: What are banks doing about it?
Chances are you have at least received a call once or twice from people claiming to be representatives from your…
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News
Equity Announces a $100 Partnership With Proparco to Support 240 Local MSMEs
Equity Group has announced a $100 partnership with Proparco, a French Development Finance Institution to support Micro, Small, and Medium…
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BUSINESS
Digitization strategy oversees Equity’s growth in loans and transactions
In light of the Covid-19 pandemic, the government and Central Bank of Kenya, advocated for a resort to cashless transactions…
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BUSINESS
Equity registers 14% dip in profit after tax on Ksh.3 billion provisions on loans
Equity Group has released first-quarter results which reflect the assessment the Group places in the uncertainty created by COVID-19. Profit…
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BUSINESS
Equity withdraws proposed dividend declaration and payment due to market uncertainty
Equity Group has withdrawn its recommendation of a Ksh. 9.5 billion dividend payout to its shareholders. The withdrawal of the…
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New Appointments
Equity Appoints Mary Wangari Wamae as Group Executive Director
Equity Group Holdings has appointed its long-serving Group Director of Strategy, Legal Services and Company Secretary Mrs. Mary Wangari Wamae…
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New Appointments
Hafez Ghanem Takes Over as World Bank’s Vice President for Africa
The World Bank has appointed Hafez Ghanem as the new World Bank Vice President for Africa, effective July 1. A development…
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New Appointments
Equity Group confirms former Nairobi Deputy Governor Polycarp Igathe as its Group Chief Commercial Officer
Equity Group Holdings has confirmed former Nairobi Deputy Governor, Mr. Polycarp Igathe as its its new Group Chief Commercial Officer.…
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News
Four African Economies among Most Improved in Removing Legal Barriers Against Women – World Bank
Despite daunting challenges, several economies in Sub-Saharan Africa are making progress in enacting laws that promote equality between men and…
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BUSINESS
I&M Bank records 6% decline in profit after tax
Mid-tier Bank I&M has reported a 6 percent decline in its profit after tax after posting a profit of sh…
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News
Equity officially launches Equitel as subscribers hit one million mark
Equity Bank Group yesterday launched its much awaited Equitel, a new mobile payment and banking platform for its customers –that…
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News
President Uhuru Kenyatta says he supports Equity’s thin-SIM technology
By Nixon Kanali, Nairobi Recently, Equity bank issued smart sim powered by taisys technologies to provide mbanking and mobile communication…
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News
Kenya rolls out a QR code standard for facilitating digital payments
The Central Bank of Kenya (CBK) on Wednesday unveiled the Kenya Quick Response (QR) Code Standard 2023. The QR code…
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News
Everyone has a role to play in financial fraud
For a long time now, financial service providers have sought to redefine the customer experience in the face of 21st-century technological…
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News
[Kenya] Government drops fraud charges against Nigerian fintech Flutterwave
The Kenyan government has dropped charges of financial impropriety against Flutterwave Inc. This is according to a new report by…
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News
Tanzania’s fintech NALA has expanded to 19 European countries
NALA, a Tanzanian fintech startup known for its remittance services to Africa has expanded to 19 more European countries. The…
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News
Glovo appoints Caroline Mutuku Country Manager for Kenya
Caroline Mutuku is the new General Manager for Glovo Kenya. The multi-category platform announced her appointment on Wednesday. Mutuku joins…
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News
Kenyans in the diaspora can now pay bills on M-PESA via NALA Money
Tanzanian fintech startup NALA which was launched in 2018 to enable Africans in the diaspora easily send money home has…
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News
Kenyan Court Freezes Another Sh400.6 Million Belonging to Flutterwave
Nigerian fintech Flutterwave is once again in the Kenyan courts for the wrong reasons. Early Tuesday, the High Court of…
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News
CBK Governor Says Flutterwave is Not Licensed To Operate In Kenya
The Governor of the Central Bank Of Kenya (CBK), Dr Patrick Njoroge has said that fintech companies Flutterwave and Chipper…
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BUSINESS
Jumia consumers to enjoy FREE delivery this Black Friday
Jumia Kenya consumers will enjoy free delivery and pick up this Friday the 12th the whole day from 11AM as…
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BUSINESS
Jumia Black Friday Officially Launched, crazy deals up for grabs
Jumia has today launched the 9th edition of its “Jumia Black Friday” campaign. Dubbed Kila siku ni Black Friday (30…
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Featured
Untold: 2G, 3G, 4G as E-Commerce Catalyst in Northern Kenya
Northern part of Kenya is covered by 2G, 3G, 4G mobile networks. This cellular data in Marsabit is provided by…
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