Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Business

Equity Group Holdings move to extend its footprint across Southern Africa

Kenya's lender targets bank acquisitions in Zambia, Mozambique, and Angola as it bets on mineral trade routes reshaping the continent's economic future.

Sharon Busuru by Sharon Busuru
May 19, 2026
in Business
Reading Time: 2 mins read

Equity Group Holdings, is moving to extend its banking footprint across Southern Africa, with acquisitions planned in Zambia, Mozambique, and Angola. The plans were confirmed on 29 April 2026, when CEO James Mwangi disclosed the strategy in an interview with Reuters, saying Equity wanted to seize those opportunities as soon as they arise.

The expansion is specifically designed to leverage the Lobito Transport Corridor, a US backed trade route connecting the Atlantic coast of Angola to the mineral rich regions of the DRC and Zambia, with Angola sitting at the Atlantic end of the corridor and Mozambique serving as the gateway for minerals flowing toward Asian markets. Mwangi was direct in his reasoning

“There is an opportunity we can get in Angola, Zambia and Mozambique. It’s not just about countries, it’s about following our customers and following trade routes,” he told Reuters. He added a pointed observation on the interconnected geography: “You can’t do Mozambique without Zambia.”

Angola is the most advanced target, with Equity negotiating a majority stake in an undisclosed Angolan bank, a deal it aims to close before the end of 2026. The pivot toward Angola came after regulatory friction in Ethiopia, where foreign ownership in any single bank is capped at 40%, slowing Equity’s long-planned entry there. On Ethiopia, Mwangi remained measured

“Our presence in that country using a rep office signifies our readiness to enter the market.”

The target nations hold deposits of critical minerals including copper and cobalt, as well as oil and natural gas resources, and stand to benefit from the US-backed Lobito transport corridor, which is at various stages of development. Banking across the region remains fragmented, with credit penetration low and exposure to government debt high, a structural gap Equity sees as an opening.

RELATEDPOSTS

Equity group holdings eyes southern africa growth

April 29, 2026
Equity Group Managing Director And CEO Dr. James Mwangi

Equity group posts kSh 72BN profit

March 19, 2026

The expansion is backed by strong finances. Following a historic 55 per cent rise in profit after tax to KSh75.50 billion for the 2025 financial year, Equity’s regional subsidiaries now contribute 51% of banking profit before tax. The broader ambition is to operate in 15 African countries by 2030 as part of what the group calls its “Africa Recovery and Resilience Plan.“

Mwangi has also signaled that the environment in which the group is expanding is an uncertain one. “We have assumed that the environment is characterized by shocks, and shocks are the norm now,” he said, pointing to geopolitical disruptions and the role of its fintech arm, FinServe, in building resilience through technology.

Previous Post

The Spotify “Disco Ball” Branding Stunt

Next Post

The impact of exchange rate volatility on investment decisions

Sharon Busuru

Sharon Busuru

Related Posts

Business

CBK maintains central bank rate at 8.75% amid rising inflation pressures

October 28, 2026
Business

Dangote’s Entry into KPC: A Game Changer for Kenya’s Petroleum Industry?

October 23, 2026
Analysis

Investors favour 91-day treasury bills amid inflation concerns

October 23, 2026
Business

Digital power imbalance limits online revenue for kenyan content creators

October 14, 2026
Business

Central Bank Rate Held at 8.75%: Market Commentary

October 14, 2026
Analysis

Kenya’s kSh340 billion infrastructure fund goes live

October 9, 2026

LATEST STORIES

CBK maintains central bank rate at 8.75% amid rising inflation pressures

October 28, 2026

Is your money safe in a Money Market Fund?

October 28, 2026

The Rising Cost of Government Borrowing in Kenya

October 28, 2026

The Gender Gap in Retirement Savings in Kenya

October 27, 2026

Top Money Market Funds in Kenya, October 2026

October 27, 2026

Foreign Capital Reshapes Kenya’s IPO Market

October 27, 2026

DStv Kenya unveils four new packages from November 5, with prices from Sh750 to Sh7,300

October 26, 2026

Return on invested capital

October 26, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us

Sharp Daily © 2024