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TodayTuesday, May 05, 2026

Africa Banking

Benard Paul Mono, Acting Director General of the East African Development Bank (EADB), says the “giant is awake” as the Bank moves to accelerate lending, deepen regional partnerships, and grow its loan book to USD 600 million by 2027.
Benard Paul Mono, Acting Director General of the East African Development Bank (EADB), says the “giant is awake” as the Bank moves to accelerate lending, deepen regional partnerships, and grow its loan book to USD 600 million by 2027.

The Giant is Awake—and Open for Business: EADB Targets USD 600 Million by 2027 — A Q&A with Acting Director General Benard Paul Mono

At the end of 2024, EADB reported total assets of approximately USD 506 million, but only about 30% of that balance sheet was deployed into customer lending. A significant portion remained in
April 17, 2026
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From Left to Right: Equity Group Non-Executive Chairman, Prof. Isaac Macharia, Equity Group Managing Director and CEO, Dr. James Mwangi, and Equity Bank Tanzania Managing Director, Isabela Maganga, during the Q3 2025 Investor Briefing event. Equity Group Holdings Plc posted a 32% growth in Profit After Tax to Kshs. 54.1 billion, up from Kshs. 40.9 billion in the same period last year, marking another quarter of strong performance and resilience. The Group maintained solid profitability with Return on Average Equity of 26.4% and Return on Average Assets of 4.1%, supported by a 16% growth in net interest income and continued efficiency improvements that reduced the cost-to-income ratio to 50.6% up from 55.1%. Regional subsidiaries remained key growth drivers, contributing 45% of Profit Before Tax, 50% of deposits, and 53% of the loan book, with DRC, Rwanda, Uganda, and Tanzania recording robust gains in profitability, deposits, and loans. The results reflect Equity’s ongoing transformation into a diversified, technology-driven regional financial powerhouse with an expanding footprint across East and Central Africa.

Equity Group Announces Strong Q3 2025 Results, Recording A 32% Growth In Profit After Tax Reflecting Strategic Transformation

Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group’s Profit After Tax surged 32% to Kshs 54.1 billion up
October 31, 2025
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Dr. Patricia Ojangole, Managing Director of Uganda Development Bank, whose decade of leadership has transformed UDB into a catalyst for inclusive, sustainable development across Uganda.

Women Fixing Uganda: How Patricia Ojangole Transformed UDB into a 10x Engine for Inclusive Growth

When Dr. Patricia Ojangole took the helm of Uganda Development Bank (UDB) in December 2012, the Bank was managing just UGX 173 billion in assets, with a modest lending portfolio and minimal
July 5, 2025
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