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New World Wealth Report details number of Kenyan billionaires, their spending habits

A report by the New World Wealth and Henley & Partners has listed Nairobi as the 5th city with the wealthiest individuals in Africa after Johannesburg, Cape Town, Cairo, Lagos and Durban & Umhlanga cities. | Pulselive Kenya

Sharm el sheikhJanub sinaNairobi areaSouth africaAl qahirahRift valleyJaswinder singh bediBentley bentaygaAston martinMahendra rambhai patelSameer naushad meraliOkavango deltaUhuru kenyattaOxfam internationalNairobi cityEast africa

Equity locks in teachers with Spire Bank purchase

Equity Bank will inherit over 20,000 depositors and 3,700 loan customers in the teachers-owned Spire Bank by November after signing a buyout deal.

Kenneth otienoNaushad meraliJames mwangiSpire bankSouthern credit banking corporationCentral bankCredit society limited mwalimu nationalEquity groupEquity bankEquatorial commercial bank limitedMwalimu national cooperative savingsUmwalimu saccoSouthern credit banking corporation limitedSociety limitedMwalimu nationalSiaya county

Equity closes deal to acquire teachers-owned Spire Bank

A source with direct knowledge of a Thursday meeting that endorsed the deal dubbed Project Gamma told the Business Daily that Equity will sign the deal today.

David wachiraNaushad meraliKenneth odhiamboPatrick njorogeChristine sabwaNational bankSacco societies regulatory authority sasraSpire bankCentral bankEquity bankProject gammaBusiness dailyUmwalimu saccoReverse repoRepurchase agreementsSacco societies regulatory authority

Equity Bank to acquire 23,700 customers from Spire Bank

Equity Bank Kenya has signed a Purchase Agreement with Spire Bank Limited for the purchase of certain assets and liabilities.

Joel gachariNaushad meraliJames mwangiEquity groupSpire bankEquity bank kenyaEquatorial commercial bankMwalimu nationalMwalimu national saccoSameer groupBank kenyaLiabilities purchase agreementSpire bank limitedEquity bank kenya limitedGroup managing director

Teachers bank cut losses despite delays in sale

Teachers are yet to find a buyer for Spire Bank more than two months after the June target that had been agreed.

Naushad meraliSpire bankCentral bankParliamentary finance committeeUmwalimu saccoSpire bankCentral bank of kenya

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