Equity Group #ticker:EQTY is set to add 2,641 new employees on its payroll with the acquisition of stakes in four regional banks from the London-listed Atlas Mara, raising the Kenyan multinational’s total staff count to nearly 9,000.
The Nairobi Securities Exchange-listed banking group is set to buy a 62 percent stake in Banque Populaire du Rwanda and take full ownership of BancABC Tanzania, BancABC Mozambique and Atlas Mara Zambia in a share swap deal valued at $105.4 million (Sh10.7 billion).
