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Thursday , 18 January 2018
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Press Release

Equity Group Half Year Profit before Tax grows by 12%

Equity Group Half Year Profit before Tax grows by 12%

‘as the Group’s Equity 3.0 strategy gains momentum driven by regional expansion, revenue growth and diversification’ Balance sheet grows by 32% to over KShs 400 billion Total Deposits grows by 40% to Kshs 301 billion Loans increases by 27% to Kshs 236.8 billion Equitel registers over 1 million subscribers with cumulative monthly growth rate of 93% SIM uptake Strategic Initiatives …

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Equity officially launches Equitel as subscribers hit one million mark

Equitel brings to the fore the convergence between mobile and banking services. Equitel aims to further financial services inclusion with a target of stepping up banking access in Kenya from the current 53 percent to 90 percent and above in the first phase. Equitel unveils the Equity Thin SIM that converts all single sim phones into dual sim phones, enabling …

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Analysts caution higher lending rate may affect renewed up-cycle of property prices

Analysts caution higher lending rate may affect renewed up-cycle of property prices

Nairobi, 9th July 2015: HassConsult today unveiled the results of its second quarter property price indices, revealing a take-off in asking prices for properties, increased let prices, and a renewal of the high returns on investment in the Kenyan housing market. The rise in property sales prices had been slow, overall, in the previous quarter – depressed by a 1.6 …

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Breast cancer survivors receive post-mastectomy bras from Deacons Kenya

post-mastectomy bras from Deacons Kenya

Nairobi, July 8, 2015… Lifestyle retailer, Deacons Kenya Ltd. has extended its support towards breast cancer awareness and management by donating post-mastectomy bras and breast prosthesis (forms) worth more than Ksh600,000 to the Twakutukuza Trust under the Deacons Breast Health Initiative. Most women who undergo mastectomy are not in a financial position to purchase the breast forms and post-mastectomy bras …

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Macklemore’s Trumpeter Arunga gives young bloggers a “Billion Reasons to Believe”

Tuesday, 30th June…Young inspiring bloggers handpicked by Coca-Cola and the Bloggers Association of Kenya (BAKE) got a rare opportunity to interact with Grammy-award winning musician Owuor Arunga, who is best known as Macklemore’s trumpeter. Arunga took time off his schedule during the Coke Studio Africa production to mentor the young bloggers for the “Billion Reasons to Believe” campaign. “Whoever works the …

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Millers’ association roots for liberalised grains market to enhance competitiveness

Millers’ association roots for liberalised grains market to enhance competitiveness

Nairobi, June 16, 2014… In the wake of increased maize flour prices in the country, an industry lobby group is proposing a raft of measures they say will help improve the competitiveness of the grains market and create price stability. The Cereal Millers Association (CMA), through its chairman Nick Hutchinson says that the liberalisation of the grains market would create …

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41,000 Coffee farmers benefit from Nestlé’s Ksh70m project

Nestlé has today unveiled its plan to spend about Sh40million to boost coffee production and encourage participation of both women and youth in coffee farming across Central and Eastern Kenya. The funds will finance the second phase of the Nescafé Plan programme which has been renewed to offer training and technical support to about 41,000 coffee farmers for the next three years. Nestlé, …

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COCA-COLA TO INSPIRE YOUTH THROUGH “BILLION REASONS TO BELIEVE CAMPAIGN”

10th June, Nairobi… Coca-Cola’s Africa owned “Billion Reasons to Believe” campaign is back with a new twist. This year’s campaign will not only seek to enrich the lives of youth across the continent by encouraging and daring them to go after their aspirations but also get them to share their success stories and the journey in order to inspire others. Coca-Cola believes …

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Kiambu hawker bags a million shillings with GOtv

Kiambu hawker bags a million shillings with GOtv

Michael Ngaruiya, 31, cooks mandazis at his house and sells to neighbouring offices and schools in Kiambu County. He is married and with a one year old girl. Nairobi, May 22, 2015….  Michael Ngaruiya, a mandazi hawker from Kiambu is the 10th Dunga Milli Mashinani winner. The 31 year family man is overjoyed to be joining the millionaires club after GOtv extended …

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Seventy-two year old farmer latest millionaire with GOtv

Samuel Guya, 72, is a subsistence farmer from Kisumu County He plans to invest in the real estate sector Nairobi, May 29, 2015….  Samuel Guya, a 72 year old subsistence farmer from Kisumu is the 11th Dunga Milli Mashinani winner. He is the second last winner of the Dunga Milli Mashinani campaign that comes to a close next week. Speaking at …

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