Equity Bank now in Zanzibar

mwangi

Equity Bank Tanzania, a subsidiary of Kenyan lender Equity Group is enthusiastic about its new Zanzibar branch as consolidates its presence in the East African market. The bank with the highest customer base in Kenya believes that there lie more investment opportunities in the coastal region.
Equity Bank opened its doors to the Tanzanian market in 2012 and has since performed well in the market. The performance has encouraged the bank to further open a branch in Zanzibar. Tanzania Equity Bank managing director Joseph Iha said that the move will further boost the economy at Tanzania.

“Since 2012 when Equity Bank set foot here in Tanzania, we have made major investments that have seen us play a pivotal role towards the economic growth of the Tanzanian economy as well as the financial sector as a whole. Our entry into Zanzibar underscores our commitment to further entrench our offering into the region”, said Equity Bank Tanzania Managing Director, Joseph Iha.
Tanzania economy has risen up over the few months to what analysts attribute to good management.
equity

Equity Bank Tanzania said in a statement that the new branch will act as a gateway to tap the vast investment opportunities in the region. Currently, the bank has a total of fourteen to fourteen branches spread across Tanzania after the bank commenced its operations. The lender started with two branches in 2012 and has been gaining popularity with the Tanzania customers.
Equity Bank is focused in expanding to ten countries in the next five years at a cost of Sh200 billion according an announcement it April last year.
Ethiopia and Burundi tops the table of the lender in the next one year before expanding its dominance to southern Africa in Mozambique, Malawi, Zambia and Zimbabwe.
Equity Bank Tanzania, a subsidiary of Kenyan lender Equity Group is enthusiastic about its new Zanzibar branch as consolidates its presence in the East African market. The bank with the highest customer base in Kenya believes that there lie more investment opportunities in the coastal region.
Equity Bank opened its doors to the Tanzanian market in 2012 and has since performed well in the market. The performance has encouraged the bank to further open a branch in Zanzibar. Tanzania Equity Bank managing director Joseph Iha said that the move will further boost the economy at Tanzania.
“Since 2012 when Equity Bank set foot here in Tanzania, we have made major investments that have seen us play a pivotal role towards the economic growth of the Tanzanian economy as well as the financial sector as a whole. Our entry into Zanzibar underscores our commitment to further entrench our offering into the region”, said Equity Bank Tanzania Managing Director, Joseph Iha.
Tanzania economy has risen up over the few months to what analysts attribute to good management. Equity Bank Tanzania said in a statement that the new branch will act as a gateway to tap the vast investment opportunities in the region. Currently, the bank has a total of fourteen to fourteen branches spread across Tanzania after the bank commenced its operations. The lender started with two branches in 2012 and has been gaining popularity with the Tanzania customers.
Equity Bank is focused in expanding to ten countries in the next five years at a cost of Sh200 billion according an announcement it April last year.
Ethiopia and Burundi tops the table of the lender in the next one year before expanding its dominance to southern Africa in Mozambique, Malawi, Zambia and Zimbabwe.
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