Equity Group’s 2023 sustainability report reveals a substantial increase in social impact expenditure, totaling Sh101.8 billion, a notable rise from Sh72.7 billion in 2022. This impressive investment underscores the group’s commitment to driving sustainability across key sectors such as environmental conservation, education, and health.
President William Ruto has announced that Kenya has officially joined the Asian Infrastructure Investment Bank (AIIB) as a fully paid member. This significant development was confirmed following his meeting with AIIB President Jin Liqun at the bank’s headquarters in Beijing. The new membership opens avenues for Kenya to access concessional funding for a range of development initiatives.
Gumtree South Africa has introduced a new secure payment and delivery solution, Pay & Ship, designed to enhance the online shopping experience on its platform. This service aims to simplify transactions and logistics, ensuring a seamless process for both buyers and sellers.
Sasai Money, a fintech venture of Cassava Technologies, has announced a strategic collaboration with Airtel Money to extend free financial transfers to additional African markets. This partnership is set to enhance the accessibility and affordability of money transfers across the continent, starting with Uganda and expanding to other key markets.
Ecobank Uganda has announced a strategic partnership with Ria Money Transfer, a global leader in cross-border remittance services, to enhance remittance options across Uganda. This collaboration marks a significant milestone in improving the accessibility and convenience of money transfers for Ugandans both at home and abroad.
Interswitch, a leading Nigerian fintech company, has partnered with Elie Technologies, known as Tuma, to launch Tumatap—a new contactless payment solution in Kenya. This strategic partnership is set to transform payment systems for Micro, Small, and Medium Enterprises (MSMEs), providing a more efficient and affordable way for businesses to process transactions.
Absa Bank Kenya recently added 159 new jobs in the first half of 2024, aligning with the bank’s growth strategy focused on enhancing customer acquisition. This hiring surge primarily targets customer-facing roles, with a significant number of new hires in sales and positions that directly interact with customers. Absa’s Chief Finance Officer, Yusuf Omari, emphasized that these roles are crucial in driving the bank’s goal of expanding its customer base and service delivery.
Equity Group has achieved a remarkable milestone at the 2024 Euromoney Awards in London, securing four prestigious accolades that highlight its leadership in corporate responsibility and financial services excellence. The awards, including Best Bank for Corporate Responsibility in Africa and Kenya, Best Bank for SMEs in Kenya, and Overall Best Bank in Kenya, underscore Equity’s continued commitment to excellence and social impact.
