Equity Group Holdings PLC/Kenya

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Ethiopia’s prime minister Abiy Ahmed has said that plans are underway to liberalise Ethiopia’s banking sector to allow foreign players to set up operations. This comes shortly after the country liberalised its telecommunications sector, with Safarico...

The Sacco Societies (Amendment) Bill recently went through its second reading in Kenya's national assembly. The bill, among other things, looks to ensure that SACCOs (Savings and Credit Co-Operative Societies) in Kenya are mandated to share credit in...

Kenya banks' sector-wide profit before tax (PBT) grew 68% yoy in Q3 21, according to the latest data from Central Bank of Kenya. Q4 21 expectations: Despite the positive private sector credit growth momentum witnessed in Q2 21 and Q3 21, we do not ex...

The Central Bank of Kenya (CBK) has released a new study on small and medium-sized enterprises (SMEs), already an important sector for Kenyan banks but one with a great deal of growth potential. The banking sector is currently dealing with a decade-h...

Equity Group released 9M 21 results with EPS increasing 78% yoy to KES7.0. Loan loss provision charge also declined 68%, with the bank recording notable asset quality improvement and higher coverage levels. The bank's NPL ratio declined to 8.9% in Q3...

The Bank of Uganda is currently considering an increase in the paid-up capital for commercial banks – which it last revised in 2010 – from UGX25bn to UGX150bn. Of the 18 banks whose financial information is publicly available, nine banks have core ca...