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Originally published by Capital Businessbusiness
June 25, 2026
4h ago
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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