Equity Bank Plans Southern Africa Push, Eyes Lobito Corridor

Equity Group Holdings Plc is raising efforts to double its regional footprint and quadruple customer numbers as East Africa’s biggest bank looks to tap opportunities in major infrastructural investments.

The lender that operates in seven markets plans to expand to as many as 15 countries by 2030 starting with Zambia, Mozambique and Angola as it seeks a slice of the trade routes moving rare earth and critical metals across the continent.