Equity Group Holdings Plc has declared a record dividend payout of Kshs.16 billion (approximately Uganda Shs444.9 billion), at an enhanced rate of Kshs4.25 (approx. Uganda Shs118) per share. The dividend, approved during the Group’s 21st Annual General Meeting (AGM) held virtually, will be payable on or about June 30, 2025 to shareholders on the register as of close of business on May 23, 2025.
The payout, representing a 34% dividend ratio, reflects Equity Group’s continued commitment to its policy of distributing 30% to 50% of its profits as dividends.
The AGM, attended virtually by shareholders from across the globe, saw unanimous support for all proposed resolutions signaling strong confidence in the Group’s strategic direction and governance.
As part of ongoing efforts to strengthen governance structures and align with the best global practices and regulatory requirements, the Group introduced and secured shareholder approval for several key governance policies. These include policies on directors’ remuneration, stakeholder engagement, transparency and disclosure, dispute resolution, and board appointment procedures. These frameworks are designed to enhance accountability, promote ethical leadership, and ensure the Group continues to uphold the highest standards of corporate governance.
Building on this governance momentum, the AGM also saw the successful election of several new Directors. Mrs. Farida Khambata, a global expert in emerging markets finance with over 30 years of experience in investment and risk management, was elected. Newly elected to the Board, subject to regulatory approvals were Mr. Nick O’Donohoe, a seasoned development finance leader with an over 30-year track record in financial services and impact investing; Dr. Aloysius Uche Ordu, an international development strategist with over three decades of experience in policy and financial innovation; Mr. Obadiah Barara, a veteran public financial management professional with 37 years of experience in public audit and governance across East Africa; Dr. Lakshmi Shyam-Sunder, a renowned financial risk expert with 30 years' experience in multilateral institutions including the World Bank Group; and lastly
Eng. David Mutombo, a global infrastructure and utility executive with over 20 years of experience in sustainable energy and water management. In addition, shareholders approved the appointment of Mr. Obadiah Biraro, Dr. Aloysius Uche Ordu, Dr. Lakshmi Shyam-Sunder, and Dr. Evanson Baiya to serve as members of the Board Audit Committee.
Furthering its strategic expansion, Equity Group received approval to establish a Representative Office in the United Arab Emirates (UAE), subject to regulatory approvals. This move aims to facilitate business, trade and investment opportunities between East and Central Africa, the UAE, and the wider Middle East, India, Central and South Asia regions.
Prof. Isaac Macharia, Chairman of Equity Group Holdings Plc, emphasized the Group’s resilience and strategic focus amidst a challenging global environment, “Despite a complex and evolving macroeconomic landscape in 2024, Equity Group remained resilient, agile, and purpose driven. We strengthened our governance structures across our six markets, aligned with emerging regulatory frameworks, and advanced key strategic initiatives including the successful integration of Cogebanque into Equity Bank Rwanda. Our commitment to the Africa Recovery and Resilience Plan is unwavering, and with the launch of our health insurance subsidiary and plans for a banking holding company underway, we are building a foundation for sustainable, specialized growth.”
“Through strong risk oversight, enhanced board capacity, and deep community impact, ranging from MSME financing and education support to healthcare and clean energy access, we continue to deliver on our promise of inclusive prosperity. The establishment of a Representative Office in the UAE marks a strategic step in deepening regional and global connectivity. With our shareholders’ continued trust, we are confident in our ability to drive meaningful transformation, sustainable development, and long-term value creation across the continent,” he added.
Dr. James Mwangi, Equity Group Managing Director and CEO, highlighted the Group’s positive outlook and strategic vision. “Equity Group continues on a strong growth trajectory, driven by our commitment to innovation, regional expansion, and sustainable practices. The establishment of a Representative Office in the UAE marks an exciting step in our journey to connect Africa with global markets, creating new opportunities for trade and investment. Furthermore, we recognize that sustainability is not just a corporate responsibility but a fundamental driver of long-term success. We are committed to integrating sustainable practices into every aspect of our business, ensuring that we create value for all our stakeholders while protecting our planet for future generations”
Looking ahead, Equity Group remains steadfast in its commitment to driving wealth creation, fostering sustainable development, and delivering exceptional value to its customers and shareholders. With a clear strategic vision, a strong leadership team, and a proven track record of innovation, the Group is well-positioned to capitalize on the opportunities that lie ahead and continue its journey of growth and impact across Africa in 2025 and beyond.
Shareholders approved a record Kshs.16 billion dividend payout at Kshs.4.25 per share, reaffirming the Group’s commitment to shareholder returns. They also endorsed key governance policies, approved new board appointments, acknowledged the retirement of four longtime directors, and authorized the opening of a Representative Office in the UAE.
Equity Group Holdings Plc. is a Pan-African financial services holding company listed at the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange. The Group has banking subsidiaries in Kenya, DRC, Rwanda, Uganda, Tanzania, South Sudan, and a Commercial Representative Office in Ethiopia. It has other subsidiaries in investment banking, insurance, telecom, fintech and social impact investments. Equity Group is the largest integrated financial services firm in the region with a market capitalization of $1.37 billion.
The Group has an asset base of USD 13.5 Billion, a customer base of 22.4 million supported by a footprint of 402 branches, 85,827 Agents, over 1.1 million Pay with Equity (PWE) merchants, 37,825 Point-of-Sale (POS) Merchants, 896 ATMs and an extensive adoption of digital banking channel. The Bank’s strong brand recognition, solid liquidity buffers and resilient funding profile, established domestic franchise and extensive adoption of digital and alternative distribution channels have seen the Bank retain title as Kenya’s most valuable brand in 2025, for second year running, and earned it the honour of being the Second Strongest Financial Brand on Earth in 2024 by Brand Finance. It was also ranked the strongest bank in Africa and 10th most valuable banking brand in Africa, with a Brand Strength Index (BSI) of 92.5 out of 100 and a brand ranking score of AAA+, the highest rating that a brand can attain.
