Search Results for: equity
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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
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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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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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
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
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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Startups
Tanzanian supply chain solutions startup Ramani has raised $32M in equity and debt
Tanzanian supply chain solutions provider Ramani has raised $32M in debt and equity in a Series A round that was…
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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 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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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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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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WomenInTech
Shirley Somuah named Partner at Lagos based private equity fund manager CardinalStone Capital
Lagos-based private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as its new Partner. The appointment comes…
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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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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 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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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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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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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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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
Google to invest $50M equity-based fund in African startups
Last week, tech giant Google announced that it plans to invest up to $50 million in African early- and growth-stage startups…
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News
Africa-focused private equity firm DPI raises $900m to invest in specific companies in Africa
Development Partners International (DPI), a premier investment firm focused on Africa on Monday announced that it has raised $900m in 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 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
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
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
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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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
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 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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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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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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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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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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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
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 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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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 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 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 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
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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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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Startups
Partech Africa Report: African tech startups raised US$1.163 billion in equity funding in 2018
African tech startups raised a total of US$1.163 billion in equity funding in 2018. This is according to the Partech…
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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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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
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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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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News
Acumen announces a $800,000 investment in equity in Nigeria’s Green Energy and Biofuels (GEB)
Acumen, the nonprofit social venture fund has today announced a $800,000 investment in equity in Green Energy and Biofuels (GEB),…
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BUSINESS
Old Mutual increases its equity stake in UFF to 49%
Old Mutual has increased its equity stake in African agriculture investment group UFF African Agri Investment to 49%. This new…
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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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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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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
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
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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News
Lipa Later closes $5M debt raise, targets to raise an additional $20M
Kenyan fintech Lipa Later on Wednesday announced a successful closure of a $5M (KES 500 million) privately placed Debt issuance. …
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News
Five African health-tech startups among 30 selected for Google for Startups AI Program
The Google for Startups Growth Academy: AI for Health has unveiled the thirty startups from around the world selected for…
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News
IFC announces a $3.4 million investment in African e-commerce platform ANKA
IFC has announced a $3.4 million equity investment in leading African e-commerce platform ANKA. The funding will allow ANKA, an…
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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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News
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
Data and AI technology company Flapmax has announced the twelve startups selected for the second cohort of the FAST Accelerator…
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Startups
Uganda’s agritech startup Emata raises $2.4 million seed funding
Ugandan agritech startup Emata has raised $2.4 million in seed funding comprising $800,000 in equity and $1.6 million in on-lending…
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News
Vertiv opens new office and customer showroom in Nigeria
Vertiv has today announced the opening of a new office and Customer Showroom in Lagos, Nigeria. The Lagos office is…
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News
Catalyst Fund marks its first close to back climate tech startups in Africa
The Catalyst Fund has reached the first close of its targeted $40 million fund to invest in climate tech startups…
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News
Winners of the 2023 Digital Rights and Inclusion Learning Lab Fellows
Paradigm Initiative (PIN) has announced the three winners of its 2023 Digital Rights and Inclusion Learning Lab (DRILL) Fellowship. Mr.…
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News
MEST Africa Opens Applications for its Startup Pitch Competition
MEST Africa has opened applications for its 2023 Challenge Startup Pitch Competition for African startups. This year, the program is…
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News
Google announces AI First accelerator program for African startups
Google today announced the launch of a new accelerator program to support Artificial Intelligence (AI) startups in Africa. The “Google…
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News
Huawei to connect special needs schools in Kenya with internet
Huawei Kenya is ramping up learners’ access to the Internet by extending the connectivity to children with special needs schools.…
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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
QED Investors lead $12 million investment in Nigeria’s healthtech startup Remedial Health
Across Africa, 85 percent of retail medicine purchases happen at micro-enterprises, typically neighbourhood pharmacies and) and Proprietary Patent Medicine Vendors…
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News
Copia confirms it’s laying off 350 employees
Kenyan Last-mile delivery and eCommerce platform Copia has confirmed that it’s indeed laying off 25% (around 350 members) of the…
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News
This is how much you will pay for your new Spotify premium subscription
Spotify just announced that it’s increasing premium subscription prices for its users around the world. The new price adjustment will…
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News
MYDAWA raises $20m funding from Alta Semper Capital, acquires Uganda’s pharmacy chain Guardian Health
MYDAWA, the Kenyan health-tech startup famous for its e-pharmacy platform has received a US $20 million capital injection from private…
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News
Safaricom picks new CEO for its Ethiopia business unit
Wim Vanhelleputte has been named the new CEO for Safaricom Ethiopia effective September 1. His appointment comes just a week…
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News
The government is considering bailing out Telkom Kenya
Telkom Kenya has been hitting the headlines over the last couple of months following its full acquisition by the government…
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News
15 Women-led startups selected to join Cohort 6 of Standard Chartered’s Women in Tech program
Standard Chartered Kenya in partnership with @iBizAfrica- Strathmore University has announced the fifteen women-led startups that will be joining the…
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News
Renewable energy firm Africa REN secures €32M for its Walo Storage project in West Africa
Africa REN, a leading renewables project developer in West Africa has received a €32M debt financing of its Walo Storage…
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News
5 Kenyan startups among the 25 selected to receive $4M Google for Startups’ Black Founders Fund
Five Kenyan startups are among the twenty-five from across Africa that have been selected for this year’s $ 4 Google…
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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
Three African women fund managers receive grant funding from Visa
Three women fund managers SME.NG (Nigeria), Altree Capital (Kenya), and Maia Capital (South Africa) are the selected recipients of Visa’s…
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Startups
10 startups selected for the inaugural Qualcomm Make in Africa Mentorship program
Qualcomm has announced the 10 startups selected to participate in the inaugural Make in Africa startup mentorship program. The program…
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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
Nigeria’s PSP Nomba raises $30 million Pre-Series B
Nigerian payment service provider Nomba has raised a $30 million Pre-Series B funding round to support the delivery of bespoke…
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