James Mwangi's Equity Group abandons Ethiopia-first strategy to acquire Angolan bank
James Mwangi's Equity Group is pivoting to Angola for a bank acquisition after Ethiopia's restrictive foreign ownership rules stall its market entry.
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James Mwangi's Equity Group is pivoting to Angola for a bank acquisition after Ethiopia's restrictive foreign ownership rules stall its market entry.
The bank seeks to recover $3.35 million in loans owed by Equatorial Nut Processors, controlled by Munga.
Equity Bank, in partnership with IFC, completes a $20 million Risk Sharing Facility to improve financial access for underserved communities, including refugees and hosts.
The case was brought against Ndung’u by Equity Bank.
The $75-million deal will provide loans to female-led micro, small and medium-sized businesses in four African countries.