Equity Group is looking to buy more banks and merge with others in five East African markets, as part of a plan to deepen financial inclusion and grow customer numbers fivefold.
This is after the buyout of a 99.125 percent stake in Rwanda’s Compagnie Générale De Banque Plc (Cogebanque) in a push group managing director and CEO James Mwangi says is meant to rival major pan-African financial corporations such as the Nigerian Access Bank, Togolese Ecobank and the South African Standard Bank.
