Equity Group Shareholders have given a nod to directors of the financial institution to issue a KSh 21.7billion dividend Cheque, and expand its insurance business in Kenya and the Democratic Republic of Congo. This was at the 22nd Equity Group Annual General(AGM) held this Wednesday 24th June 2026.
Shareholders of Equity Group approved a KSh 21.70 billion at KSh 5.75 per share dividend for the year ended 31st December 2025, representing a 35.5% increase from the KSh. 16.04 billion or KSh 4.25 per share distributed in respect of the 2024 financial year.
Equity Shareholders also approved incorporation of new insurance subsidiaries in Kenya and the DRC, subject to regulatory approvals.
Equity Group Budget for Insurance Expansion
Equity Group has set aside KSh 192 million to expand its micro insurance business, with a subsidiary in Kenya and US$ 25.37 million across life and general insurance subsidiaries in the DRC. The KSh 5.75/share dividend, will be payable 30th June 2026.
Equity Group Chairman Prof. Isaac Macharia said the approvals reflect strong shareholder confidence in the Group’s governance and long-term strategy as per the Africa Recovery and Resilience Plan (ARRP).
“The approvals received today reflect our shareholders’ confidence in Equity’s strategy and oversight. We remain committed to strong governance, prudent stewardship, and delivering sustainable value; by building an institution that expands opportunities for our customers and strengthens resilience across our markets,” he said.
Equity Group Managing Director and CEO, Dr. James Mwangi said the insurance expansion strengthens the Group’s ability to deliver integrated financial services across the region.
“Equity continues to pursue growth anchored on innovation, regional presence, and solutions that protect and advance livelihoods. The approvals to expand our insurance footprint strengthen our ability to offer more holistic financial services that help customers and communities manage risk, build resilience, and plan confidently for the future,” he said
On governance, shareholders approved all board resolutions presented at the meeting. This included the re-election of Prof. Isaac Macharia, Mr. Jonas Mushosho, Dr. Evanson Baiya, and Mrs. Farida Khambata as Directors of the Company. Shareholders also approved the appointment of Dr. Eliane Ubalijoro as a Director, subject to receipt of requisite regulatory approvals.
The AGM also approved the appointment of Ernst & Young as the Company’s external auditors until the conclusion of the next AGM.
Looking ahead, Equity Group remains focused on advancing financial inclusion, strengthening governance, and delivering meaningful impact by supporting households and enterprises across the region through accessible, customer-centric financial solutions.
The annual meeting also adopted the 2025 audited financial statements.
