By Ken Muthomi - Reporter
Kenya, June 24, 2026 - Equity Group shareholders have approved a KSh21 billion (KSh5.75 per share) dividend for the financial year 2025, marking a 35.5% increase from the KSh16.04 billion (KSh4.25 per share) paid in FY 2024.
The shareholders gave the green light to the proposed resolution during the 22nd Annual General Meeting, where they also deliberated on board appointments and an expansion into insurance markets in Kenya and the DRC.
The financial institution is set to pay the dividend on or about 30 June 2026 to shareholders on the company's register by 22 May 2026.
"The AGM, held electronically, saw shareholders adopt the audited financial statements for the year ended 31 December 2025, together with the Chairman's, Directors', and Auditors' reports, highlighting continued confidence in the Group's performance and strategic direction," a statement from Equity read.
The shareholders also approved the incorporation of three new insurance subsidiaries under Equity Group Insurance Holdings Limited.
The expansion plan includes a microinsurance company in Kenya with a capital base of KSh192 million, as well as two subsidiaries in the DRC—a life insurance firm with USD 12 million (KSh1.2 billion) capital and a general insurance company with USD 13.37 million (KSh1.7 billion) capital.
Furthermore, the Directors approved governance-related resolutions, including the re-election of Jonas Mushosho, Evanson Baiya, and Farida Khambata, alongside the appointment of Eliane Ubalijoro, subject to regulatory approval.
More from Kenya
The AGM also approved the appointment of Ernst & Young as external auditors until the next annual meeting.
Equity Group Chairman Isaac Macharia said the approvals reflect strong shareholder confidence in the group's governance and strategic direction 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," Macharia said.
On his part, Equity Group Managing Director and CEO James Mwangi assured that the planned expansion will be central to ensuring that the financial institution continues to offer integrated financial services across the region.