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Advertisement Equity Shareholders Approve KSh 21.7 Billion Dividend and Insurance ExpansionEquity Group Holdings Plc shareholders have approved all resolutions presented at the Groups 22nd Annual General Meeting (AGM), including a higher dividend payout, expansion into the insurance sector, and key governance changes.The virtual AGM saw shareholders endorse the Groups audited financial statements for the year ended December 31, 2025, alongside the Chairmans, Directors, and Auditors reports.The approvals reaffirm investor confidence in Equitys strategy, governance, and long-term growth agenda.Shareholders Approve Higher Dividend PayoutInvestors approved a final dividend of KSh 21.7 billion, equivalent to KSh 5.75 per share, for the 2025 financial year.The payout represents a 35.5 percent increase from the KSh 16.04 billion, or KSh 4.25 per share, distributed for the 2024 financial year.Equity will pay the dividend on or around June 30, 2026, to shareholders who were on the register at the close of business on May 22, 2026.Equity Group Chairman Prof. Isaac Macharia said the approvals demonstrate shareholders trust in the Groups governance and strategic direction.The approvals received today reflect our shareholders confidence in Equitys strategy and oversight. We remain committed to strong governance, prudent stewardship, and delivering sustainable value while strengthening resilience across our markets, he said.Equity Shareholders Approve KSh 21.7 Billion Dividend and Insurance ExpansionEquity Expands Into Insurance MarketsShareholders also approved the creation of three new insurance subsidiaries through Equity Group Insurance Holdings Limited, subject to regulatory approvals.The expansion includes a microinsurance company in Kenya with capital of KSh 192 million.The Group will also establish two insurance businesses in the Democratic Republic of Congo: a life insurance company with capital of USD 12 million and a general insurance company with capital of USD 13.37 million.The Board received authority to complete all necessary steps required to operationalise the new subsidiaries.Equity Group Managing Director and CEO Dr. James Mwangi said the move will strengthen the Groups integrated financial services offering across the region.Equity continues to pursue growth anchored on innovation, regional presence, and solutions that protect and advance livelihoods. Expanding our insurance footprint allows us to offer more comprehensive financial services that help customers manage risk, build resilience, and plan for the future, he said.Governance Changes Receive ApprovalShareholders approved all board-related resolutions presented during the AGM.They re-elected Prof. Isaac Macharia, Mr. Jonas Mushosho, Dr. Evanson Baiya, and Mrs. Farida Khambata as directors of the company.The meeting also approved the appointment of Dr. Eliane Ubalijoro as a director, subject to regulatory clearance.In addition, shareholders appointed Ernst & Young as the Groups external auditors until the conclusion of the next AGM.Focus on Growth and Financial InclusionFollowing the approvals, Equity Group said it remains focused on advancing financial inclusion, strengthening governance, and supporting economic growth across its markets.The Group continues to pursue its Africa Recovery and Resilience Plan (ARRP), which seeks to expand access to financial services, support enterprises, and create sustainable value for shareholders and communities across the region.The post Equity Shareholders Approve KSh 21.7 Billion Dividend and Insurance Expansion appeared first on Africa Business News.

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Aerospace Antimicrobial Coating is designed to create cleaner and more hygienic environments within aircraft by limiting microbial contamination on frequently touched surfaces. It supports passenger safety, cabin cleanliness, and long-term material protection across commercial, military, and private aviation applications. According to the Business Market Insights “The Aerospace...

10 Facts About Aztec Civilization That Prove How Advanced It Was When Hernán Cortés and his small band of soldiers crested the mountains ringing the Valley of Mexico in November 1519, they looked down on something none of them had ever imagined: a glittering island city rising from a vast lake, larger than any metropolis they had ever seen in Europe. What...

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