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MarketScreener Homepage  >  Equities  >  Nairobi Stock Exchange  >  Equity Group Holdings Plc    EQTY   KE0000000554

EQUITY GROUP HOLDINGS PLC

(EQTY)
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Equity : Bank Donates COVID-19 Test Kits Worth Rwf1 Billion

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04/28/2020 | 08:07am EDT

Equity Bank Rwanda has contributed 22,225 testing kits worth Rwf1 billion to the government of Rwanda in support of national efforts to combat COVID-19.

Handed the support to the Government on Monday, April 27.

Half of the money is contribution from the bank, its staff and board members and the other half was contribution from the family of Dr. James Mwangi, the CEO and Managing Director of Equity Group Holdings.

"We believe that the testing kits will boost Government's commendable efforts to promptly diagnose COVID-19 cases and take the necessary measures to reduce the spread," said Evelyn Kamagaju Rutagwenda, the Board Chairperson of Equity Bank Rwanda.

Hannington Namara, Managing Director, Equity Bank Rwanda. Photo: Courtesy.

She was handing over the contribution to the Minister of State in Charge of Treasury Richard Tushabe.

When sending his family contribution, Dr Mwangi said: Kindly accept my family's contribution of Rwf500 million to boost equity bank Rwanda's contribution towards the national initiative that the government of Rwanda has put in place in preventing the spread of COVID-19 in the country."

"We can only overcome this global pandemic in Africa if we partner with our governments and by committing to our social contract where our respective governments and ministries of health design the best medical policies and protocols, and we as citizens adhere to them faithfully," he added.

The bank's Managing Director, Hannington Namara, said Equity Bank empathises with persons who have unfortunately been infected with COVID-19 and wishes them a quick recovery. "We are optimistic that our country will go back to normalcy much sooner."

By Sunday, Rwanda had recorded 191 coronavirus cases, of which 92 have recorded.

There are no recorded deaths.

Copyright The New Times. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials
Sales 2020 78 813 M 737 M 737 M
Net income 2020 22 817 M 213 M 213 M
Net Debt 2020 - - -
P/E ratio 2020 5,29x
Yield 2020 6,90%
Capitalization 120 B 1 122 M 1 123 M
EV / Sales 2019
Capi. / Sales 2020 1,53x
Nbr of Employees 8 811
Free-Float 76,9%
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Number of Analysts 8
Average target price 51,94 KES
Last Close Price 31,85 KES
Spread / Highest target 131%
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NameTitle
James Njuguna Mwangi Group CEO & Non-Independent Executive Director
David Raymond Ansell Chairman
Hakan John Wilson Chief Operating Officer
David Ngata Group Director-Finance
Mary Wangari Wamae Non-Independent Executive Director