Equity Group Shareholders Approve Ksh 21.7 Billion Dividend, Greenlight Insurance Expansion
From Left to Right: Benard Kiragu, Corporate Governance Auditor, Scribe Services Registrars, Equity Group Company Secretary and Head of Tax, Lydia Ndirangu, Group Chairman, Prof. Isaac Macharia, Group Managing Director and CEO, Dr. James Mwangi, Rosa Nduati-Mutero, Managing Partner, ALN Kenya, Bernice Kimacia, Auditor, PricewaterhouseCoopers, during the Group’s 22nd Annual General Meeting.
Shareholders of Equity Group Holdings Plc have approved a KSh 21.7 billion dividend payout and endorsed the lender’s expansion into the insurance sector in Kenya and the Democratic Republic of Congo (DRC), signaling confidence in the group’s long-term growth strategy.
The resolutions were passed during the Group’s 22nd Annual General Meeting held virtually on Wednesday, where shareholders unanimously approved audited financial statements for the year ended December 31, 2025, alongside board appointments and governance proposals.
The approved dividend of KSh 5.75 per share represents a 35.5 percent increase compared to the KSh 16.04 billion, equivalent to KSh 4.25 per share, paid out in the previous financial year. The payment is scheduled for June 30, 2026, for shareholders appearing on the company register as of May 22.
New Insurance Subsidiaries to Drive Regional Expansion
A key outcome of the AGM was approval for the establishment of new insurance subsidiaries under Equity Group Insurance Holdings Limited, pending regulatory approvals. The move includes a microinsurance company in Kenya with capital of KSh 192 million, as well as life and general insurance subsidiaries in the Democratic Republic of the Congo capitalized at USD 12 million and USD 13.37 million respectively.
Chairman Isaac Macharia said the decisions made at the AGM reaffirm shareholder trust in the institution’s leadership and future direction.
“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.
Group CEO James Mwangi said the insurance expansion strengthens the bank’s integrated financial services strategy.
“Equity continues to pursue growth anchored on innovation, regional presence, and solutions that protect and advance livelihoods,” said Mwangi.
The AGM also approved board re-elections and retained Ernst & Young as external auditors ahead of the next annual meeting.
