Equity receives Sh850m dividend from fintech unit

Equity Bank CEO James Mwangi. PHOTO | CYRIL NDEGEYA | NMG

Equity Group received a Sh850 million dividend from its fintech unit last year which became the second-highest paying subsidiary to the parent firm after Equity Bank Kenya.

Finserve Africa Limited, which was operationalised in 2014 after several years of dormancy, had previously not paid a dividend to the mother company.

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