[quote=Ericsson]Kenya’s leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa focused banking group Atlas Mara to acquire the latter’s banking operations in four African countries.
The transaction, which will be done through a share swap, will see Equity Bank acquire 62% of share of Banque Populaire du Rwanda Limited, 100% of African Banking Corporation (ABC ) in Zambia, Tanzania and Mozambique.
Equity Bank said it expects to allot about 252.5 million new ordinary shares that represent about 6.27% of Equity’s issued shares equivalent to Sh 10.7 Billion.
https://kenyanwallstreet...in-4-african-countries/[/quote]
Great move towards achieving pan African dream.
Towards the goal of financial freedom