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Equity full-year profit falls by 12 per cent to Ksh.19.8 billion
By Kepha Muiruri,
1152, March 29, 2021 (EAT)
Equity Group has reported an 11.6 per cent decline in 2020 full-year earnings with profit down at Ksh.19.8 billion from Ksh.22.4 billion in 2019. T...
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Equity signs Ksh.11B credit facility with European development banks
By Citizen Reporter,
2218, March 10, 2021 (EAT)
Equity Group Holdings Plc. has signed a US $100 million (Ksh. 11billion) loan facility with Team Europe, Germany’s DEG, the Netherlands FMO and the ...
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Equity BCDC unveils new identity in DRC
By Citizen Reporter,
1206, February 12, 2021 (EAT)
Equity Banque Commercial du Congo (Equity BCDC) has launched its new identity following the successful merger of Equity Bank Congo (EBC) and Banque Co...
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Equity Group Holdings to merge with Banque commerciale du Congo
By Citizen Reporter,
534, January 1, 2021 (EAT)
Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Going forward, the n...
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Equity Group half-year profit falls by 24pc from higher costs to cover loan defaults
By Citizen Reporter,
1037, August 18, 2020 (EAT)
Equity Group Holdings PLC (EGH) has announced its half year results for the period ended June 30, 2020 reflecting a 24% decline in profitability. P...
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Equity completes purchase of stake in Congolese bank for Ksh.10.3 billion
By Kepha Muiruri,
1534, August 11, 2020 (EAT)
Equity Group has completed the acquisition of a 66.53 per cent bank in the Commercial Bank of Congo (Banque Commerciale du Congo). The deal which d...
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Qatar Airways cabin crew to wear hazmat suits
By CNN,
1129, May 20, 2020 (EAT)
Flight attendant uniforms have evolved considerably over the years, with styles adapting to reflect fashion trends, along with the changing world. ...
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Kenyans jam supermarkets in panic shopping over coronavirus fears
By Rene Oswere,
1114, March 14, 2020 (EAT)
A sizeable number of Kenyans in Nairobi went into a frenzy and flocked supermarkets and shopping malls after Friday's announcement on coronavirus. ...
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Tourism ministry sets aside Ksh.500M for post coronavirus recovery plan
By Citizen Reporter,
1517, March 12, 2020 (EAT)
The Tourism Ministry has set aside Ksh.500 million for its post Coronavirus (Covid-19) recovery plan. CS Najib Balala made the announcement during ...
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Uchumi creditors vote to save retailer from sudden death
By Kepha Muiruri,
1926, March 2, 2020 (EAT)
Uchumi creditors have voted to spare the lender from imminent dissolution by backing the firm’s proposed company voluntary agreement (CVA). The p...
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Uchumi’s agony as High Court sets repeat creditors vote.
By Kepha Muiruri,
1148, February 22, 2020 (EAT)
Uchumi’s recovery plan is back to square one with the High Court giving directions on the holding of a second vote on the company’s voluntary agre...
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31 Kenyan women entrepreneurs win Invest2Impact awards in Rwanda
By Rachel Ombaka,
1156, November 29, 2019 (EAT)
31 Kenyan women entrepreneurs have been unveiled as some of the winners of the inaugural Invest2Impact. They are among 26 Tanzanians, 15 Rwandans, ...
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KCB, Co-op Bank write off Ksh.656 million Uchumi debt
By Kepha Muiruri,
1032, November 11, 2019 (EAT)
KCB and Cooperative bank have agreed in principle to write off a combined Ksh.655.5 million in outstanding credit to the debt-strapped Uchumi Supermar...
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Uchumi granted 30 days to engage banks over Ksh.2.8 billion debt
By Kepha Muiruri,
1056, September 30, 2019 (EAT)
The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced ...
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Over 500 East African entrepreneurs battle it out in 2X Invest2Impact contest
By Girlie Kendi,
1100, September 19, 2019 (EAT)
Over 500 women from Ethiopia, Kenya, Rwanda, Tanzania and Uganda have so far entered the 2X Invest2Impact competition. The competition is open to a...
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Equity Group doubles presence in DRC with new acquisition
By Kepha Muiruri,
1911, September 9, 2019 (EAT)
Equity Group has moved to strengthen its Democratic Republic of Congo (DRC) banking business with a new proposed purchase of a controlling stake in th...
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ARM Cement counts on shareholder loans for revival
By Reuters,
854, June 28, 2018 (EAT)
ARM Cement will rely on short-term loans from shareholders to lift production back to capacity and seek a deep-pocketed strategic investor, its chief ...
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M-KOPA raises Sh1bn in fundraising drive
By Mary Lolchoki,
1827, March 15, 2018 (EAT)
Energy solutions company M-KOPA has received a billion shillings in funding to finance expansion across Africa. The funding from FinDev Canada come...
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Funguo acquires Kwale juicer
By Kepha Muiruri,
1846, March 7, 2018 (EAT)
Local fruit growers from lower eastern and coastal regions of the country will stand to benefit from the setting up of a state of the art fruit proces...
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Funguo Investments eyes acquisitions to grow revenues
By Sophie Kinoti,
1717, November 21, 2017 (EAT)
Funguo Investments Limited has announced plans to raise funds as it eyes to investments in the real estate and agro processing sectors to grow revenue...
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