Controlled by Kenya’s richest men, Britam Holdings completes sale of $121-million stake in Equity Group
Munga is a non-executive director at Britam and a co-founder and former chairman of Equity Group Holdings.
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Munga is a non-executive director at Britam and a co-founder and former chairman of Equity Group Holdings.
Mwangi owns a significant 3.38-percent stake in Equity Group.
Under Mwangi, Equity Group has grown into East and Central Africa’s largest financial services group.
Equity Group has grown to become East and Central Africa’s largest financial services firm.
On the Nairobi bourse, the top three wealthiest investors are Aga Khan IV, James Mwangi and the Merali family.
Equity Group is East and Central Africa’s largest financial services group.
Mwangi holds a 3.38-percent stake, or 127,809,180 shares, in the financial services group.
The funds will be deployed to render support through microcredit loans to small and medium-type businesses in Kenya.
Mwangi, the CEO and managing director of Equity Group, owns a 3.38-percent stake in the bank.
The credit facility is a seven-year Tier 2, Basel II-compliant subordinated loan.
Equity Group is listed on the Nairobi Securities Exchange and holds over $8.92 billion in assets.
Equity Group Holdings Limited is Kenya’s leading financial services holding.
Equity Group Holdings is Kenya’s leading financial services holding.
Equity Group is a leading financial services holding based in Nairobi, the capital and largest city of Kenya.
The group is embarking on the deal to expand its operational footprint beyond its current markets.
Equity Group Holdings Limited is a leading financial services holding based in Nairobi.