British American Investment Company (K) Ltd MD Benson Wairegi. He says
the next phase of the company’s growth is on asset management. PHOTO |
FILE
Expanding reach
Last month the bank entered the Democratic Republic of Congo
through the acquisition of a majority stake in Pro Credit Bank thereby
expanding its reach to six countries including Kenya, Uganda, Tanzania,
Rwanda and South Sudan.
The bank plans to enter Ethiopia, Burundi,
Mozambique, Malawi, Zambia and Zimbabwe in the next five years before
setting base in Nigeria, Ghana and Cameroon in West Africa.
Equity, which also operates a brokerage and
insurance arm, is entering the telecommunications sphere through a
mobile virtual network operator licence riding on Airtel’s
infrastructure.
The venture is expected to be cash intensive with
the lender having disposed its stake in Housing Finance for Sh2.7
billion to build its buffer.
NSSF Uganda holds assets in excess of Sh152 billion
($1.6 billion) part of which, estimated at six per cent, is invested in
Kenya mainly the Nairobi Securities Exchange.
Equity Bank shares are also listed on the Ugandan and Rwandan bourses where it has subsidiaries.
Expanding reach
Last month the bank entered the Democratic Republic of Congo
through the acquisition of a majority stake in Pro Credit Bank thereby
expanding its reach to six countries including Kenya, Uganda, Tanzania,
Rwanda and South Sudan.
The bank plans to enter Ethiopia, Burundi,
Mozambique, Malawi, Zambia and Zimbabwe in the next five years before
setting base in Nigeria, Ghana and Cameroon in West Africa.
Equity, which also operates a brokerage and
insurance arm, is entering the telecommunications sphere through a
mobile virtual network operator licence riding on Airtel’s
infrastructure.
The venture is expected to be cash intensive with
the lender having disposed its stake in Housing Finance for Sh2.7
billion to build its buffer.
NSSF Uganda holds assets in excess of Sh152 billion
($1.6 billion) part of which, estimated at six per cent, is invested in
Kenya mainly the Nairobi Securities Exchange.
Equity Bank shares are also listed on the Ugandan and Rwandan bourses where it has subsidiaries.
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