KCB Bank has dethroned Equity as the largest lender in the country by assets on the back of an aggressive expansion of foreign subsidiaries.

Ruto appointed Safaricom CEO Peter Ndegwa as chair of the committee. Other members include Equity Bank CEO Dr. James Mwangi, EABL CEO Jane Karuku, KCB Group CEO Paul Russo, Family Bank CEO Rebecca Mbithi and BAT CEO Crispin Acholla.

Mwangi's new comments echo sentiments he shared at the Africa CEO Forum earlier in 2022 in Abidjan, Ivory Coast. He explained his confidence in the DRC market despite challenges such as poor infrastructure, noting the size of the market and natural resources that present numerous opportunities in agriculture, energy, manufacturing and trade.

Chams Media CEO and former TV presenter Alex Chamwada has shared the secrets to his successful programme ‘Daring Abroad’ and how he managed to clinch a multi-million sponsorship deal through a simple act of patience.

The growth was attributed primarily to the significant increase in income. Equity saw its operating income rise 26.4% to hit Ksh65.6 billion for the half-year, up from from Ksh51.9 billion over the same period last year.

The row over the ownership of a 3-acre piece of prime land in the Muthaiga, Nairobi pits Mwangi against Mount Pleasant Director Anverali Amershi Karmali. Both individuals have laid claim to the land.