Kenyan businessman James Mwangi’s Equity targets traders with $2.1-billion fund
Mwangi owns a sizable 3.38-percent stake in Equity Group.
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Mwangi owns a sizable 3.38-percent stake in Equity Group.
Mwangi owns a 3.38-percent stake in Equity Group.
Kenya is suffering from its worst drought in decades.
Kenyan billionaire Mwangi owns a sizable 3.38-percent stake in Equity Group.
Mwangi owns 3.38 percent of the financial services group.
Mwangi owns a sizable 3.38-percent stake in Equity Group.
The acquisition could present additional challenges and opportunities to Equity Group.
Mwangi’s 3.38-percent share in Equity Group is valued at $51.3 million at the current market price.
Mwangi’s 3.38-percent stake has now risen in value to $51.71 million.
Under Mwangi’s leadership, Equity Group has grown into the largest financial services group in East and Central Africa.
Mwangi’s loss comes on the heels of a reduced appetite for emerging market shares.
Rwandan President Paul Kagame participated in the groundbreaking ceremony of the project.
Its total investment in the country is now $148.4 million.
This follows the lender’s record-high profit of $350.2 billion in 2021.
As of press time, Mwangi’s stake in the Kenyan financial services group is valued at $52.81 million.
Equity Bank Uganda is one of many operating subsidiaries of Equity Group Holdings.