Corona effect?

Dr James Mwangi, Group Managing Director and CEO of Equity Group Holdings said the global COVID-19 pandemic has mutated into a global economic crisis, occasioned by a sudden standstill of economic activity as a result of the lockdown. “This has introduced unprecedented uncertainty within the global financial systems prompting us to adopt a conservative approach – fortifying our balance sheet and assuring ample liquidity to support our customers,” Dr Mwangi said.