Equity Group’s Social Impact Touches Millions, Driving Regional Growth
Equity Group’s Social Impact Touches Millions, Driving Regional Growth
When 17-year-old Mary Wanjiru received a full scholarship through the Equity Leaders Program, she became the first in her family to attend secondary school without financial strain.
Today, she dreams of joining one of the world’s top universities, a goal made possible by Equity Group Foundation’s education support. The program has transformed thousands of lives, enabling bright but disadvantaged students to pursue higher education and secure better futures.
Transforming Lives Through Education and Environment
Equity has invested USD 715 million in education, health, clean energy, agriculture, enterprise development, and financial inclusion. Of this, 81% has gone to scholarships, supporting over 29,515 students.
More than 1,000 have joined leading global universities, while 3,979 have completed technical and vocational training.
Environmental sustainability is a key focus. The Group has distributed 520,549 clean energy products, planted 36.4 million trees, and deployed over USD 200 million in climate finance. The IFC recognized Equity as the global leader in climate-related transactions.
Driving Business Growth and Empowering Entrepreneurs
Under the Young Africa Works program, KShs 363.09 billion has been disbursed to 350,149 MSMEs. Additionally, 658,459 business owners have undergone entrepreneurship training, while 2.49 million women and youth have taken part in financial literacy programs.
Social protection initiatives have delivered KShs 169.8 billion to 5.9 million people. Meanwhile, the Equity Afia network of 139 clinics has served nearly 4 million patients, expanding healthcare access in underserved areas.
Regional Banking and Insurance Expansion
Equity Group’s regional subsidiaries now contribute nearly half of its deposits, loans, assets, and revenues. In the first half of 2025, these operations generated 46% of profit before tax and 43% of profit after tax.
The non-performing loan ratio stood at 13.7%, below Kenya’s industry average of 17.6%. Tanzania’s NPLs dropped to 2.9% from 10.6%, and Uganda’s fell to 12.2% from 17.9%. IFRS NPL coverage remained strong at 68.2%, while the cost of risk declined to 1.7% from 2.6% last year.
Insurance Milestones
In just three years, Equity Life Assurance has become the second-largest group credit insurer, with a 7% market share. Gross written premiums rose 58% to KShs 3.8 billion. Profit before tax grew 20% to KShs 890 million, and total assets reached KShs 28.6 billion.
The new general insurance arm reported KShs 1.36 billion in premiums and KShs 32 million in profit before tax in its first six months. Overall, the Insurance Group’s profit before tax rose 26% to KShs 922 million.
Equity Group’s Social Impact Touches Millions, Driving Regional Growth
Numbers Behind the Impact
In the first half of 2025, the Group reported:
-
Insurance Group balance sheet up 40% to KShs 31.48 billion.
-
Profit after tax up 27% to KShs 660 million.
-
Non-banking businesses contributing 4% of revenue and 3.8% of profit before tax.
-
98% of customer transactions occurring outside branches, with 87.4% via digital channels.
Equity Bank was named Best Regional Bank in East Africa at the African Banker Awards 2025. It also retained its title as Kenya’s most valuable brand, reaffirming its position as both a financial powerhouse and a driver of social change.
