Equity Group

  • UncategorizedEquity Group calls off plans to acquire Atlas Mara banking businesses
    July 22, 2020

    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 challenges. The loan, which will ultimately support hundreds of Kenyan businesses in the manufacturing, health, trade, transport, and consumer goods sectors, is part of IFC’s global $8 billion fast-track COVID-19 facility, announced in March. It is designed to help businesses…

    Read More »
  • UncategorizedEquity Group calls off plans to acquire Atlas Mara banking businesses
    June 23, 2020

    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 bank’s board’s view of uncertainty of risk which precipitated the proposed withdrawal of Kshs 9.5 billion dividend pay-out to shareholders. Equity has expressed the intention to acquire banking businesses from ATMA in Rwanda, Tanzania, Zambia and Mozambique.  In January 2020,…

    Read More »
Back to top button