Equity Group half-year profit rises 17pc to Sh34.6bn
NAIROBI, Kenya, Aug 11 - Equity Group has reported a net profit of Sh34.6 billion for the half year ended June 2025, a 17 percent increase from Sh29.6 Kenya breaking news | Kenya news today |..
✨ Key Highlights
Equity Group has announced a significant increase in its half-year net profit, reaching Sh34.6 billion for the period ending June 2025. This marks a 17 percent rise from the previous year, primarily driven by strong growth across its regional subsidiaries and strategic performance.
- The Kenyan unit saw a 40 percent increase in net profit to Sh19.5 billion, while the Democratic Republic of Congo business grew by 22 percent to Sh9.1 billion.
- Managing Director and CEO James Mwangi attributed the growth to the execution of the Group's strategic plan in key sectors.
- Equity declared an interim dividend of Sh8.8 per share, a 16 percent increase from Sh7.6 last year.
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Kenyan Banks Report Profit Growth as CBK Cuts Lending Rate to 9.5% - August 2025
The Central Bank of Kenya (CBK) has reduced its base lending rate by 25 basis points to 9.5 percent, a decision effective August 12 aimed at stimulating economic activity. In related financial news, Equity Group announced a 17 percent rise in its half-year net profit to Sh34.6 billion for the period ending June 2025, driven by growth in its regional subsidiaries. Absa Bank Kenya also announced a significant 9 percent increase in its net profit, reaching KSh 11.7 billion for the first half of the year, citing strong operational resilience.
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