By Jeff kizzilah
The equity bank plans to expand in 15 states in Africa by 2025.
At the moment equity have 6 offices cross Africa including DRC,Uganda, Tanzania, Rwanda and Southern Sudan while plans to expand in Ethiopia and Burundi respectively.
Speaking during Equity 3rd Quoter performance report, Equity CEO Mr. James Mwangi said,our subsidiaries across Africa are doing much better efficiently than Kenya.
“The growth rate is very faster and currently Equity is a systematic,it’s not about opening many subsidiaries but credit penetration and financial access is our Kenya objective,” Mwangi said
The bank also was able to double 15% growth during the Covid duration.
Mr. Mwangi has said they are planning to expand their digital transactions to reach a trillion in 5years.
He also said he is happy to be involved in the Hustler Fund program being driven by the government.
He said it’s a very good program that will enable youths and Kenya practice saving mindset.
” Our fourth quoter will be dominated by agriculture with high volumes,”he said