James Mwangi’s Equity group seeks $165 million for Kenyan subsidiary
At the end of the year, the institution, which is on the podium of local banks, hopes to close a large operation.
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▪ James Mwangi’s Equity group seeks $165 million for Kenyan subsidiary
▪ At the end of the year, the institution, which is on the podium of local banks, hopes to close a large operation.
▪ https://www.africabusinessplus.com/en/810564/james-mwangis-equity-group-seeks-165-million-for-kenyan-subsidiary/
James Mwangi‘s group (which owns 3.39% of Equity Bank Holding) has turned to international lenders to negotiate such a financing line. The International Finance Corporation received the request for support from the bank. In total, Equity Bank Kenya (EBK) is seeking up to $165 million, of which $115 million is in the form of B1/parallel loans mobilised through the IFC’s syndication platform.
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