Article: Kenya: Equity Bank seeks to expand into Sudan.

Byline: sander03

Equity Bank plans to venture into Southern Sudan before the end of this year. We have submitted an application to the Central Bank of Southern Sudan and we hope it will be granted, Equity Bank chief executive James Mwangi said.He said the venture would cost up to Sh500 million. When the plan comes to fruition, the bank will be joining other local firms that continue to spread tentacles into the region such as Kenya Commercial Bank and Bidco Oil Company.The bank started as a small rural building society in central Kenya and is home to 48 per cent of all bank accounts in East Africa s biggest economy.Mwangi said Equity Bank expects a 200 per cent ...

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