Equity Group, led by James Mwangi, receives approval to launch UAE office
This marks a significant milestone in the bank’s international expansion strategy as it seeks to deepen global connectivity and access new markets.
James Mwangi
Kenya banker James Mwangi leads Equity Group to $119 million profit in Q1 2025
Equity Group posted $119.2 million Q1 profit, down 4.24% on weak income growth and currency losses, offset by digital and regional expansion momentum.
Court clears James Mwangi-led bank to sell EAC assets over $17 million loan
Kenya’s court cleared James Mwangi-led Equity Bank to sell EAC assets tied to a $17 million loan, ending a years-long legal battle over the debt.
James Mwangi-led Equity Group fires 200 Kenyan staff over $11.6 million scandal
The bank, East Africa’s largest by assets, revealed that the affected employees spanned senior managers and junior staff across its branch network and head office.
James Mwangi gains $5.8 million as Equity Group shares soar
Mwangi’s stake has grown in value from Ksh5.44 billion ($42.06 million) to Ksh6.19 billion ($47.84 million).
James Mwangi-led Equity Group seals $495 million deal for MSME
The strategic alliance is set to revolutionize financial access for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa.
Equity Group to reward Kenyan banker Mwangi with $4.2 million dividend payout
His stake in the lender, worth over $45 million, represents a 3.39 percent share in the leading financial services group.
Equity Group, led by James Mwangi, plans $30 million capital boost for subsidiaries
The move reinforces the bank’s regional presence and strengthens balance sheets to keep pace with expansion.
James Mwangi leads East Africa’s largest bank to $377 million profit in 2024
Under James Mwangi, Equity Group has strengthened its presence across Uganda, Tanzania, South Sudan, Rwanda, and the Democratic Republic of the Congo.
Kenya’s wealthiest banker takes a $3 million hit on Equity Group stake
The $3 million dip in his stake follows a modest increase of $1.2 million recorded between Jan. 1 and Jan. 22.
James Mwangi-led Equity Bank secures $20 million facility to boost financial access in Kenya's refugee regions
Equity Bank, in partnership with IFC, completes a $20 million Risk Sharing Facility to improve financial access for underserved communities, including refugees and hosts.
James Mwangi gains $17.6 million as Equity Group shares rise
In 2024, the market value of Mwangi's stake increased by Ksh1.51 billion ($17.57 million), fueled by a robust stock performance on the NSE.
Equity Group aims for 50 million jobs by 2030 with World Bank appointment
Equity Group CEO James Mwangi sets ambitious goal to create 50 million jobs in Africa by 2030, following his appointment to the World Bank’s High-Level Advisory Council on Jobs.
Equity Insurance unit’s nine-month profit surges to $8.26 million, outpaces regional banking subsidiaries
Equity Life Assurance Kenya, a fast-growing subsidiary of Equity Group Holdings, posts a remarkable 181-percent profit increase, signaling robust performance in the insurance sector.
James Mwangi’s Equity Group stake nears $50 million
James Mwangi, Kenya's richest banker, solidifies his position with a 12.64% increase in Equity Group shares, boosting his net worth to nearly $50 million.
Equity Group partners with DEG to launch German desk in East Africa
The initiative will focus on enhancing support for small and medium-sized enterprises (SMEs) in both regions.