Equity Group, Led By James Mwangi, Receives Approval To Launch Uae Office

Equity Group secures UAE approval, advancing James Mwangis global expansion drive and boosting AfricaMiddle East trade finance opportunities.

Shareholders approve Ksh16 billion 123.6 million dividend at AGM, reinforcing investor confidence in Equitys strong growth and regional leadership.

Equity wins 495 million guarantee from AGF, unlocking 1B in SME lending across Africa despite Q1 profit dip.

Equity Group, East and Central Africas leading financial services group, led by Kenyan banker James Mwangi, is poised to extend its footprint beyond Africa, receiving regulatory approval to open a representative office in the United Arab Emirates UAE. This is a milestone in the banks international expansion strategy as it seeks to deepen global connectivity and access new markets.

During its recent 21st Annual General Meeting AGM, Equity Groups shareholders endorsed the UAE office launch, reflecting confidence in the banks growth trajectory. The group also announced a substantial dividend payout of Ksh16 billion 123.6 million, scheduled for distribution around June 30, 2025.

Prof. Isaac Macharia, Chairman of Equity Group Holdings Plc, described the UAE office as a strategic step in deepening regional and global connectivity. He emphasized the banks commitment to sustainable development and long-term value creation across Africa and beyond.

The AGM also introduced new board members with strong expertise in emerging markets and development finance, including Farida Khambata and Nick ODonohoe. These appointments aim to reinforce Equitys governance and strategic direction amid rapid growth.

Under Mwangis leadership, Equity Group has aggressively expanded across East and Central Africa, with operations in Uganda, Tanzania, South Sudan, Rwanda, and the Democratic Republic of Congo. Mwangi, the largest individual shareholder with a 3.39 percent stake 127.8 million shares, continues to drive the banks transformation and regional dominance.