Equity Group Holdings PLC is heading into its 22nd Annual General Meeting (AGM) on Wednesday, June 24, 2026, riding on the back of one of the strongest financial performances in the Group’s history.
The AGM follows a remarkable 2025 financial year in which Equity Group posted a 54.7% jump in profit after tax to KES 75.5 billion, compared to KES 48.8 billion the previous year. The growth was largely driven by stronger interest income and continued expansion across regional markets, reinforcing the bank’s position as one of East Africa’s most profitable financial institutions. Total operating income rose by 12.4% to KES 217.7 billion, while total assets expanded to nearly KES 2 trillion, highlighting the Group’s growing scale and influence within the banking sector.
Equity Group key Agendas
In light of the strong results, the Board has proposed a final dividend of KES 5.75 per share for the 2025 financial year. If approved during the AGM, the payout will offer shareholders a dividend yield of about 7.4%, underscoring the Group’s continued ability to reward investors while still maintaining sufficient capital for expansion.
A primary focus of the Special Business at this year’s AGM is the Group’s strategic move to deepen its financial services ecosystem through the incorporation of three new insurance subsidiaries under Equity Group Insurance Holdings Limited. The proposed subsidiaries include:
- Microinsurance in Kenya: A dedicated company to undertake microinsurance business, with an initial capital of KES 192.0 million for share capital and operational expenses.
- Life Insurance in the Democratic Republic of Congo (DRC): A new subsidiary with a capital injection of USD 12.0 million to conduct life insurance business in accordance with DRC’s Insurance Code.
- General Insurance in the DRC: A subsidiary focused on general insurance in the DRC, with a capital requirement of USD 13,374,320 (approximately USD 13.37 million)
The Kenyan microinsurance unit is expected to target underserved and lower-income populations with affordable insurance products, an area that remains largely untapped despite growing demand for financial protection services. In the DRC, Equity plans to inject millions of dollars into both life and general insurance operations as it strengthens its presence in one of Africa’s fastest growing but still underpenetrated financial markets.
The expansion reflects Equity Group’s broader long-term strategy under its Africa Recovery and Resilience Plan (ARRP), which aims to transform the institution beyond traditional banking into a regional financial services powerhouse. The Group has consistently emphasized its ambitions to integrate banking, insurance, investment, and digital financial services into a single ecosystem capable of serving up to 100 million customers across 15 African countries by 2030.
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