Equity Group posts Sh19.1bn Q1 profit as regional units, insurance arm drive growth
NAIROBI, Kenya, May 19 - Equity Group Holdings has reported a 24 per cent year-on-year rise in Profit After Tax to Sh19.1 billion for the first quarter Kenya breaking news | Kenya news today |..
✨ Key Highlights
Equity Group Holdings has reported a significant 24 per cent year-on-year rise in Profit After Tax, reaching Sh19.1 billion for the first quarter ended March 2026. This growth was primarily fueled by strong performance from its regional subsidiaries and insurance arm.
- The group's Profit After Tax increased to Sh19.1 billion from Sh15.4 billion in the same period last year.
- Key drivers included stronger earnings from Equity Bank Tanzania (up 150 per cent), Equity Bank Rwanda (up 36 per cent), and Equity Bank DRC (up 32 per cent).
- The insurance business also saw substantial growth, with gross written premiums increasing by 30 per cent.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Treasury to Wait Longer for Sh244bn Safaricom Windfall - May 2026
The High Court has extended a freeze on the sale of a 15 per cent stake in Safaricom Plc to parent firm Vodacom Group Limited, delaying a potential Sh244.5 billion windfall for the National Treasury. Separately, Equity Group Holdings has reported a significant 24 per cent year-on-year rise in Profit After Tax, reaching Sh19.1 billion for the first quarter ended March 2026, driven by strong performance from its regional subsidiaries and insurance arm. The Kenya National Chamber of Commerce and Industries has also raised concerns that the proposed Tobacco Control (Amendment) Bill, 2024 could exacerbate the illicit tobacco trade, estimated to cost the government Sh12 billion annually in lost taxes.
