Equity is among the banking stocks that have delivered some of the strongest gains on the NSE this year as investors react to higher earnings and dividends by the country's listed blue-chip firms.
By
Patrick Alushula
Business Reporter
Nation Media Group
Equity Group CEO James Mwangi’s stake in the lender climbed to a record Sh13.42 billion on Thursday as the bank’s share price extended a six-session gaining streak on the Nairobi Securities Exchange (NSE).
Equity Group shareholders have approved a first and final dividend payout of Sh21.70 billion for the financial year that ended on…
Equity Group half-year profit rose 32% to KSh45.5 billion, US$351 million, as units outside Kenya passed half of group deposits…
Equity’s regional expansion paid off, becoming the primary engine of earnings.
The billionaire investors include bank executives James Mwangi and Gideon Muriuki, the Kenyatta and Ndegwa families.
Equity Group Holdings’ first-half net profit rose by 32 per cent to a record Sh43.80 billion, while Standard Chartered Bank…
This rising prominence of banks at the NSE has now increased the concentration risk at the market, which has been dominated in…
