Equity Group plans Mozambique’s entry, James Mwangi
Speaking during the 19th Ambassadors and High Commissioners Conference held in Nairobi, Mwangi credited William Ruto for facilitating an introduction to Mozambique’s President Daniel Chapo during his recent visit to Kenya. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Equity Group Holdings is planning to enter the Mozambique market, according to CEO and Managing Director James Mwangi.
- Equity Group has secured an appointment with Mozambique's President Daniel Chapo for the week of April 27, 2026.
- The expansion into Mozambique would make it the sixth subsidiary for Equity Group outside Kenya.
- This move follows a significant 55 percent increase in Equity Group's profit after tax to Sh75.5 billion in 2025, driven by regional operations.
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Consolidated Bank Returns to Profit with Sh217.5mn - March 2026
Consolidated Bank, fully owned by the Kenyan Government, has reported a significant turnaround, returning to profitability with a 261 percent growth in profit after tax to Sh217.5 million for the year ending December 31, 2025. This marks a substantial improvement from a loss of Sh135 million in 2024. Meanwhile, Family Bank has announced a significant increase in its profit after tax, reporting a 55.4 percent jump to Sh5.38 billion for the full year ending December 2025. In another development, Equity Group Holdings is planning to enter the Mozambique market, according to CEO and Managing Director James Mwangi.
