Shareholders of Equity Group Holdings Plc have approved a KSh21.7 billion dividend payout, the establishment of new insurance subsidiaries in Kenya and the Democratic Republic of Congo (DRC), and a raft of governance resolutions during the lender’s 22nd Annual General Meeting (AGM).
The virtual AGM approved all board resolutions, including the adoption of audited financial statements for the year ended December 31, 2025, along with the Chairman’s, Directors’, and Auditors’ reports.
Equity Group Approves Higher Dividend and Expands Into Insurance
Equity Group shareholders approved a first and final dividend of KSh21.70 billion, equivalent to KSh5.75 per share, representing a 35.5 per cent increase from the KSh16.04 billion (KSh4.25 per share) distributed for the 2024 financial year.
The dividend will be paid on or about June 30, 2026, to shareholders on the company’s register at the close of business on May 22, 2026.
Shareholders also approved the incorporation of three new insurance subsidiaries under Equity Group Insurance Holdings Limited, subject to regulatory approvals.
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The expansion includes a microinsurance company in Kenya with an initial capital of KSh192 million. In the DRC, the Group plans to establish a life insurance company with a capital of USD12 million and a general insurance company with a capital of USD13.37 million.
Equity Group Chairman Prof. Isaac Macharia said the resolutions reflected shareholder confidence in the Group’s governance framework and long-term growth strategy under its 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 Positions for Long-Term Growth Through Strong Governance
Equity Group Managing Director and Chief Executive Officer Dr. James Mwangi said the insurance expansion would strengthen the Group’s ability to provide integrated financial solutions across the region.
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“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,” said Mwangi.
On governance matters, shareholders approved the re-election of Prof. Isaac Macharia, Jonas Mushosho, Dr. Evanson Baiya, and Farida Khambata as directors of the company.
They also approved the appointment of Dr. Eliane Ubalijoro as a director, subject to regulatory approvals.
Additionally, shareholders approved the appointment of Ernst & Young as the company’s external auditors until the conclusion of the next AGM.
The approvals come as Equity Group continues to pursue regional growth and deepen its presence across Africa through banking, insurance, investment, technology and social impact initiatives.
With operations spanning Kenya, Uganda, Tanzania, Rwanda, South Sudan, and the DRC, the Group says it remains focused on advancing financial inclusion, strengthening governance, and supporting households and businesses through accessible financial services.
The lender, which serves 22.7 million customers across the region, was recently named Africa’s strongest banking brand in 2026 by Brand Finance, with a Brand Strength Index score of 93.9 out of 100 and an AAA+ rating.
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