Earnings per share grew by 13% to Kshs. 10.4 Quarter three profit after tax up by 13% to Kshs.40.9 billion Deposits grew by 9% to Kshs.1.3 trillion Regional businesses contributed 48% of total assets and 51% of profit before tax for the period Total Assets grew to reach Kshs.1.7 trillion …
Read More »Equity Group unveils 2023 Sustainability Report showcasing bold vision and impact
Nairobi, Kenya | THE INDEPENDENT | Equity Group has unveiled its third annual sustainability report for the year 2023, themed “A sustainable world is a transformed Africa.” The theme points to the significant role that global substantiality practices can have on transformation of the African continent, a challenge that …
Read More »Equity Group hits Kshs 43.7 billion profit after tax, proposes another record dividend payout
Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings has proposed a record dividend of Kshs.15.1 billion for a second year running. While releasing the 2023 full year financial results Dr. James Mwangi, Group Managing Director and CEO said. “The Kshs. 4 per share dividend amounts to a 36% payout of …
Read More »Equity Leaders Program sees 98 scholars join top global universities
Nairobi, Kenya | THE INDEPENDENT | Equity Group Foundation (EGF) Executive Chairman Dr. James Mwangi has commissioned the airlift of 98 scholars who have secured admission and scholarships to join 52 global universities located in 18 countries. The scholars are drawn from the Equity Leaders Programs in four countries – Kenya …
Read More »Equity shareholders resolve to reinforce group governance structure
Shareholders with more than 12.5% shareholding to nominate a Director Equity Group Foundation to nominate a Director to the Board. Up to three Executive Directors to sit on the Board. Group to pay out 30% to 50% of its Profit After Tax as dividends to shareholders Nairobi, Kenya | THE …
Read More »Equity Group records 11% drop in net profit to Shs684bn
Net profit contribution from the business outside Kenya grew to 28% compared with 18% in the previous year Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded 11% drop in profit after tax to Shs 684 bn for the year ended Dec.2020 citing effects of …
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