Kenyan mogul Gideon Muriuki’s Co-operative Bank Group records over $103.5 million in profit in Q1 2022
Muriuki owns a two-percent stake in the group.
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Muriuki owns a two-percent stake in the group.
Muriuki now controls 137.8 million shares in the company.
The facility will be used to provide capital and long-term local currency loans to businesses hit by COVID-19.
Muriuki is the CEO of Co-operative Bank Group, one of the largest financial institutions in East Africa.
Co-op Bank Group is one of the largest financial institutions in East Africa.
The banker was presented the award at the 2021 EMEA Finance African Banking Awards.
The move will renew the parties’ co-ownership of the bank’s subsidiary in Juba.
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
The market value of his stake has increased from $14.22 million between June 21 and July 24.
Co-operative Bank of Kenya operates across East Africa.
The International Finance Corporation has partnered with Gideon Muriuki’s Co-operative Bank and Philips in a $300-million deal to fund small- and medium-sized businesses in the fight against COVID-19.
Co-operative Bank and the German impact investment fund eco.business will offer affordable loans to Kenyan agribusinesses.