Equity approves new insurance units for Kenya, DRC expansion
Under the plan, Equity will establish a microinsurance company in Kenya with a capital base of Sh192 million. In the DRC, the Group plans to set up a life insurance company with an initial capital of $12 million and a general insurance company with capital of $13.37 million...
✨ Key Highlights
Equity Group shareholders have approved the creation of three new insurance subsidiaries, paving the way for expansion in Kenya and the Democratic Republic of the Congo (DRC), pending regulatory approvals.
- The lender will establish a microinsurance company in Kenya with a capital base of Sh192 million, and in the DRC, life and general insurance companies with initial capital of $12 million and $13.37 million, respectively.
- Key individuals involved include Equity Group CEO Dr. James Mwangi, whose vision drives the expansion, and shareholders who granted the crucial approvals during the annual meeting.
- Additionally, shareholders approved a final dividend payout of Sh21.7 billion (Sh5.75 per share) for the year ended December 31, 2025.
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CBK Opens Govt Securities to Foreign Investors - June 2026
The Central Bank of Kenya (CBK) has opened Kenyan government securities to international investors, enabling them to access the domestic debt market through a new link with global securities settlement firm Clearstream. This move represents a significant liberalization of Kenya's capital markets. Meanwhile, digital lender Tala is set to reduce its workforce in Kenya as part of a global operational restructuring and centralization of functions. Additionally, Equity Group shareholders have approved the creation of three new insurance subsidiaries, paving the way for expansion in Kenya and the Democratic Republic of the Congo (DRC), pending regulatory approvals. These financial sector developments reflect ongoing changes in Kenya's investment and banking landscape.
