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Message: [QUOTE="Munyaradzi Mafaro, post: 47578, member: 636"] Equity Group shareholders have approved plans to open a Representative Office in the United Arab Emirates. The banking company received this approval during their 21st Annual General Meeting on June 25, 2025. Central Bank of Kenya and UAE authorities must still give their permission before the office can start operations. The new branch will connect East and Central Africa with the UAE, Middle East, India, Central Asia, and South Asia. Thousands of Equity Bank Uganda customers living and working in these regions will benefit from better banking services. Many Ugandans work as professionals, entrepreneurs, and laborers across Dubai and Saudi Arabia. These customers have struggled without direct banking support for years. They often use expensive informal money transfer methods or deal with slow banking relationships. The UAE office will solve these problems when it opens in early 2026. Equity Bank Uganda teams have already visited Dubai and Saudi Arabia to understand what their diaspora customers need. The new office will offer specialized services like letters of credit and supply-chain finance. Customers can access better remittance and mobile-money services through this location. Settlement delays will decrease significantly for business transactions. Dr. James Mwangi leads Equity Group as Managing Director and wants to create Africa's complete financial services platform. Gulf region investors will also gain easier access to East African markets through this expansion, especially for agribusiness, infrastructure, and energy investments. [/QUOTE]

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