Tanzania billionaires buy Equity Bank stake

Customers queue at an Equity ATM in Nairobi. PHOTO/FILE

Tanzanian billionaires Aunali and Sajjad Rajabali have bought seven million shares of Equity Group #ticker:EQTY worth Sh344 million, expanding their investment in Nairobi Securities Exchange-listed firms.

Their purchase of the bank’s stock is disclosed in the lender’s May regulatory filing of its ownership structure.

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