AI in banking Archives – CEO East Africa

Q&A: As Debt Surges, Equity Group’s Mwangi Says It’s Time for African Governments to Hand Development Projects to Private Sector

Paul MurungiBanking & Financial Services The Big StoryDecember 1, 2025December 1, 2025

In a sweeping call for economic recalibration across the continent, Equity Group Managing Director and CEO, Dr. James Mwangi, has urged African governments to “let the private sector take on development projects,” arguing that sustainable growth will increasingly depend on private-sector investment rather than public expenditure. Speaking at the B20 Summit Fireside Chat in Johannesburg, Mwangi outlined Equity Group’s Pan-African ambitions—including expansion into 15 countries by 2030—and affirmed that all the Group’s subsidiaries are now “fairly profitable,” positioning the lender for its next phase of continental growth. Mwangi’s insights came during a high-level conversation on Bridging Priorities: Cooperation, Innovation, and…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Absa Group Bets Big on East Africa: Yasmin Masithela Reveals the Scale, Digital Ambition, and Regional Push Behind the StanChart Uganda Deal

Paul MurungiBanking & Financial Services The Big StoryNovember 28, 2025November 28, 2025

Let’s start off with why Absa Group is involved in this B20 summit. When we decided to participate in B20, it was largely because we’re a pan-African bank, and this story being an African story with having a G20 for the first time on the African continent, we felt that it was quite important that we could bring all the African voices into the discussion. We see Africa decisively from an Absa perspective as the space we would want to grow in. And we are very deliberate about solving African stories. How does Absa’s recent acquisition of Standard Chartered’s retail…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Subtotal	UShs0
Shipping	UShs0
Tax	UShs0
Total	UShs0