The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Africa's best digital bank 2019: Equity Bank

Awards for Excellence 2019

In a continent where the population is largely rural, there are many obstacles to financial inclusion. Mobile money and agency banking have provided solutions, especially in Kenya, where digital banking uptake has been impressive, so it is no surprise that Africa’s best digital bank is Kenya’s Equity Bank.

At Equity, over 96% of all transactions happen outside branches and 93% of loans are originated via mobile; digital solutions are essential to the bank’s growth and making these processes easier is central to its success.

Under the leadership of chief executive James Mwangi, the bank has moved well beyond traditional mobile banking products and is investing in some cutting-edge technology.

James Mwangi_160x186

James Mwangi

In August 2018, Finserve Africa, which runs Equitel, the mobile virtual network operator in Kenya owned by Equity Group Holdings, was spun off as an independent fintech company. 

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree