Equity Bank has been recognized as the world’s 5th most socially devoted financial brand and the best in Kenya.
Equity Bank has been recognized as the world’s 5th most socially devoted financial brand and the best in Kenya. This is according to the latest Q4 2016 rankings released by Socialbakers, the world’s leading social media analytics provider. The report indicates that Equity Bank got a 77% total response rate on Twitter and a 98%
Increased supply of commercial office space in Nairobi is constraining the performance of the sector in East Africa’s largest city, according to a report Cytonn Investments. According to the report released on Monday , there is a supply of 6.3mn square feet against a demand of 3.1mn sqft of office space in Nairobi, resulting in
Kenya, East Africa’s largest economy is the 15th most attractive destination for investments flowing into the African continent, according to the latest statistics from the Africa Investment Index 2016, by Quantum Global’s independent research arm, Quantum Global Research Lab.
Nairobi’s increasing mall space has kept retail rent in the high-end shopping centres stagnant over the past two years, according to a survey by Knight Frank. The Africa Report –released last week– shows that leasing costs for retail space in malls in Nairobi remained unchanged at $48 (Sh4,944) per square metre a month over
Introduction Private Banking and Wealth Management, in its breadth and depth, is increasingly becoming a much-sort-after financial service in Africa, thanks to the economic renaissance happening across the continent and the emergence of a solid class of the ‘nouveau riche’ and the surge in pension funds. Africa is largely regarded as the last emerging opportunity.
The growing Betting, Gaming, Lottery and Competition industry in Kenya has been dealt a major blow after the government increased the taxes charged on the sector by over 200% in the 2017-2018 national budget. The new tax, proposed by Treasury Cabinet Secretary Henry Rotich raises levies charged on Betting, Lotteries, Gaming and Competition from
The platform manages to attain a less than 10-seconds transaction turnaround rate A total of 2 million bank customers have signed up for the newest money transfer service, Pesa Link owned by the bankers’ umbrella body, Kenya Bankers Association. This milestone has been achieved barely two months after the initiation of the service by local
The European Investment Bank has signed two new credit lines for East-Africa this morning for a total of EUR 95 million Ksh 10.45 billion to be made available through Equity Bank and HFC Limited to support smaller local projects in Kenya, Tanzania, DRC and Uganda. EIB Vice President Pim Van Ballekom, responsible for operations in
Kenya has opened its first intimate production facility to ramp up production to the attractive global market. The Athi-River-based, Hela Clothing, a US$ 6 million investment has exported US$1.5million worth of undergarment in 6 months for Calvin Klein, Victoria Secrets and other licensed brands owned by US clothing conglomerate Phillips-Van Heusen Corporation (PVH Corp). According
Monday, March 20, 2017, The Private Banking and Wealth Management Forum is a timely event that seeks to officially initiate the conversation around wealth management, the steady year on year increase in number of High Net Worth Individuals (HNWIs) and its impact on a growing wealth management industry. Over the past decade, African economies have