Equity Bank has been feted as the Best Bank in Kenya in the 2023 Think Business Banking Awards for the 12th consecutive year. Equity was also named the best bank in the inaugural ESG Factors Category as well as the Most Customer-Centric Bank. The Bank won 19 awards: Winner in 14 categories, 1st Runners Up
Equity Group has weathered a turbulent macroeconomic environment to register a 21% growth with total assets reaching Kshs.1,537.7 billion. Funding the asset growth is a 23% growth in customer deposits with the proceeds deployed to grow loan the book by 21%. Customer deposits grew to Kshs.1,111.2 billion up from Kshs.900.9 billion while the loan book
As a fast-growing provider of innovative, unsecured lending solutions to underserved markets across Sub-Saharan Africa, Unifi is thrilled to announce that it has opened its fiftieth branch in Africa. This marks an exciting milestone as Unifi moves closer to its mission of bringing simple, affordable credit to one million customers by 2025. “This milestone launch
Leading African digital payments company DPO Pay has announced the appointment of Isabella Marira as Group Head of Operations, and Daisy Shipwoni as Head of Marketing. In her new role, Isabella will be responsible for leading the core operational functions of DPO Pay, overseeing Customer Service, Fraud Prevention, Risk and Systems. Daisy will be responsible
The GSMA’s State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected, with registered accounts, transaction values and deployments exceeding industry predictions. Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual ‘State
The Bank of Namibia (BoN), in its ongoing pursuit of digital transformation for the central bank and modernisation of the financial sector to achieve higher levels of financial inclusion, has concluded a visit to the Central Bank of Kenya (CBK). The visit aimed to enhance the Bank’s capacity to effectively manage financial risks emanating from
Visa Foundation expects to commit more than $5 million to expand equitable access for women in Africa Today Visa Foundation announced that it expects to contribute $5 million in grants and impact investments in Africa that will support women’s participation in the digital economy. The Foundation investments were made in connection with United States Vice
Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to “…reassess traditional product, service, and industry boundaries to create new sources of value.” The company has suggested that this could include exploring
There are several exciting trends emerging that will shape the way businesses and consumers process payments worldwide A global payment processing system is a network that enables financial institutions to process cross-border payments. It allows for currency exchange between banks and other financial institutions across borders. The system is used by businesses and individuals to
In the midst of a global economic downturn with a global GDP growth rate projected at 2.9% for 2023, with a downside growth outlook as a result of sticky stubborn inflation, elevated interest rates, turbulence in exchange rates, and a financial crisis, Equity Group has reported-: A 33% growth in dividend payout of a record
