Browsing: Banque Commerciale du Congo

Equity, Kenya’s second-biggest bank weathered the effects of the Covid-19 pandemic to surpass the US$ 10 billion (Ksh 1 trillion) mark in 2020 a year whose events are unprecedented.

The bank’s chairman, Prof Macharia Muthure, who presented the statement of finances on his first year of service since taking over leadership at the bank said that 2020 was a year like no other where the world was confronted with the Covid-19 pandemic.

While Covid-19 is not the first major pandemic, it is unprecedented in its scope and rapid transmission across regions, fostered by advances in transport across the globe. The impact of this pandemic including the containment measures by governments is an estimated 4.4 per cent decline in the global economy.

Read: Boost for local manufacturers as Brand Kenya- KAM, ink deal

This makes the effects of the pandemic the worst since the Great Depression of the 1930s with the …