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Equity buys extra 6.6pc stake in DRC bank for Sh9.2bn
Equity Group Executive Director, Mary Wamae, Group Board Chairman Isaac Macharia, Group MD and CEO, James Mwangi and Group Chief Operating Officer, Samuel Kirubi during the full year 2022 investor briefing. FILE PHOTO | POOL
Equity Group acquired an extra 6.6 percent stake in its subsidiary in the Democratic Republic of the Congo for Sh9.24 billion, underlining the lender’s quest to increase the share of profits outside Kenya.
The Kenyan bank disclosed in its annual report last week that it acquired a 2.3 percent stake from minority owners of Equity BCDC in August last year for Sh740 million.
