Equity Group CEO James Mwangi noted in August that the bank was shifting focus to expansion from mitigation of the impact of Covid-19. [Photo/ Equity Bank Kenya]

Equity to Take Over Teachers’ Troubled Spire Bank

Equity Group Holdings has agreed a deal to acquire Spire Bank, the struggling bank currently owned by Mwalimu Sacco - a teachers' co-operative...

BUSINESS TODAY1 Mins read

Naushad Merali sells Spire Bank to Mwalimu Sacco

FEATURED ARTICLE

Teachers Get Their Own Bank. But is it Worth It?

Asian-born Kenyan Billionaire Naushad Merali has finally disposed of his stake in loss-making Spire Bank, formerly Equatorial Commercial Bank (ECB), to the giant...

BT Reporter3 Mins read

FEATURED ARTICLE

Teachers Risk Losing Billions to Sinking Bank

Attempts to save Spire Bank from the red have been dealt a fresh blow following recent reports of mass exit by teachers whom...

BUSINESS TODAY2 Mins read

FEATURED ARTICLE

CIC and Spire Bank to sell co-branded insurance products

CIC Life Assurance has entered into a partnership with Spire Bank to distribute co-branded life insurance products. The strategic relationship involves CIC Life...

BONIFACE KASEMBELI1 Mins read

Spire bank

Equity to Take Over Teachers’ Troubled Spire Bank

Teachers Get Their Own Bank. But is it Worth It?

Teachers Risk Losing Billions to Sinking Bank

CIC and Spire Bank to sell co-branded insurance products

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