Equity joins other lenders such as Absa Bank, Standard Chartered Kenya, Ecobank Kenya, KCB and I&M Group that have asset management units.
By
George Ngigi
Correspondent
Nation Media Group
Equity Group Holdings has acquired an asset management license, joining a growing list of banks seeking to lock in customer deposits through investment in high-earning schemes.
The move reflects a broader industry shift where Kenyan investment banks and fund managers are pushing for offshore investments…
Absa Bank Kenya has been diversifying its business in recent years, adding new units including custody, asset management and…
The initiative comes at a time when Tanzania’s financial sector is increasingly relying on alternative service channels to bridge…
Equity Group half-year profit rose 32% to KSh45.5 billion, US$351 million, as units outside Kenya passed half of group deposits…
Absa on Friday announced it intends to up its stake in Kenyan subsidiary Absa Bank Kenya to 85% from 68.5% in a R4bn transaction…
Kenya's Capital Markets Authority has approved a new investment fund from Wall Street Africa that will allow investors to buy…
