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Originally published by Capital Business
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business
November 19, 2025
13h ago

Equity Group CEO says strong subsidiaries to anchor Pan-African expansion

Equity Group CEO says strong subsidiaries to anchor Pan-African expansion

JOHANNESBURG, South Africa, Nov 19 - Equity Group CEO and Managing Director James Mwangi says the lender will leverage its increasingly profitable Kenya breaking news | Kenya news today |..

✨ Key Highlights

Equity Group CEO and Managing Director James Mwangi announced the bank's strategy to leverage its profitable subsidiaries for Pan-African expansion, aiming for operations in 15 countries by 2030.

  • The bank reported a 32 percent jump in net profit to Sh54.1 billion in the nine months to September 2025.
  • Mwangi singled out the Democratic Republic of Congo (DRC) as a key growth engine, with its unit posting a 21 percent rise in net profit to Sh13.8 billion.
  • Equity Group plans to enter new regional markets, with Ethiopia identified as a priority following new licensing opportunities for foreign financial institutions.

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