About Company
Equity Group Holdings (Pan‑African)
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Parent company: Equity Group Holdings Plc, a leading financial services conglomerate publicly listed in Nairobi, Uganda, and Rwanda
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Regional footprint: Subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, DRC, and a representative office in Ethiopia .
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Scale: As of Q3 2024, total assets exceeded KSh 1.70 trillion (~US $13 billion) with a customer base of ~21 million .
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Philosophy: Committed to inclusive, customer-focused services that empower clients socially and economically .
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Key person: James Mwangi – Group Managing Director & CEO, recognized globally for financial inclusion .
💸 Recent Financial News
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Q1 2025 performance: Equity Group’s pretax profit fell ~8% to KSh 18.7 billion (~US $145 million), largely due to a 12% drop in net interest income .
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Staff restructuring: As part of efforts to curb fraud and tighten internal controls, Equity Group removed 287 employees in April 2025 .
🇹🇿 Equity Bank Tanzania
History & Presence
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Start of operations: Launched on 9 February 2012, with initial branches in Dar es Salaam and Arusha .
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Branch network: Today, 14–15 branches across Tanzania – mainly in Dar es Salaam, plus Arusha, Mwanza, Moshi, Mbeya, Dodoma, Zanzibar, Morogoro .
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Headquarters: Based in Golden Jubilee Towers, Ohio Street, Dar es Salaam .
Leadership & Team
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MD: Robert Kiboti (Managing Director) and Raymond Mbilinyi (Non‑Exec Chairman) lead the Tanzanian unit .
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Workforce: Employs roughly 400–500 employees .
Products & Services
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Offers a full range of financial products:
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Bank accounts: Checking, savings (including kids’ “Super Junior” accounts), diaspora banking .
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Lending: Personal, business, mortgage, agricultural, green energy financing .
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Digital/mobile banking: “Eazzy Banking” online/mobile app .
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Other services: Investments, fixed deposits, forex services, ATM/card services .
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Mission in Tanzania
Equity Bank Tanzania focuses on economic empowerment through innovation:
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Vision: Championing socio-economic prosperity across Africa .
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Local emphasis: Strong support for sustainable agriculture, green energy, climate resilience, and social enterprise .
Customer Reach
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Account base: Over 85,000 Tanzanian customer accounts by mid-2014
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Currency services: Offers multi-currency exchange (USD, GBP, Euro, UGX, etc.)
Branch Locations (2025 snapshot)
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Dar es Salaam: ~8 branches
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Other regions: Arusha, Mwanza, Moshi, Mbeya, Dodoma, Zanzibar, Morogoro
✅ Summary Highlights
Category | Details |
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Ownership & Scale | Part of Equity Group—a major East/Central African banking group |
Tanzania footprint | ~15 branches, ~400 staff, comprehensive banking & digital channels |
Strategic focus | Financial inclusion, tech-enabled growth, climate & agri-support |
Recent trends | Group-level profit dip (–8%), fraud controls, staff realignment |
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