A leading financial services provider in East Africa, focusing on banking, insurance, and technology.
Kenya to force large companies to back startups with their CSR funds
Kenya plans to compel large companies to allocate a portion of their CSR budgets to fund startups and innovators. The Kenya National Innovation Agency (KeNIA) is drafting a proposal for a national policy to channel CSR allocations into an innovation fund.
Next Wave: Can African banks pick up the startup funding baton?
Sun King closed a $156 million securitization led mainly through commercial banks to finance solar products in Kenya. Stanbic Bank plans to raise $100 million through a Catalytic Fund to finance startups and SMEs across East Africa.
Equity Group Expands Rigorous Anti-Fraud Drive to Uganda Amid Deepening Governance Overhaul
Equity Group has initiated a 'culture of accountability' campaign in Uganda to reinforce internal controls. The campaign follows the dismissal of more than 1,500 Kenyan staff over alleged fraudulent activities.
Kenya’s Equity Group enters Health Insurance market as integrated banking model takes shape
Equity Group is acquiring a subsidiary license to launch Equity Health Insurance, enhancing its financial services. The formation of Equity Group Insurance Holdings Limited was approved during the 20th Annual General Meeting.
Kenya’s central bank reports that UBA has breached capital regulations
UBA Kenya breached capital requirements set by the Central Bank of Kenya. UBA's core capital-to-deposit ratio fell from 29.46% in 2022 to 7.92% in 2023.
