Equity Group Holdings Plc shareholders on Thursday gave unanimous backing to all proposals tabled during the bank’s 21st Annual General Meeting (AGM), signalling firm support for its expanding regional footprint and sustainability-led strategy.
The virtual AGM, which drew in shareholders from across the globe, granted approval to key resolutions poised to steer the company’s next phase of growth—including the formal establishment of a Representative Office in the United Arab Emirates (UAE), a move seen as critical to connecting African markets with global capital and trade corridors.
The Chairman of the Board, Prof. Isaac Macharia, said Equity’s ability to thrive in a turbulent global landscape was rooted in both strategic focus and social impact.
"Equity Group continues on a strong growth trajectory, driven by our commitment to innovation, regional expansion, and sustainable practices. The establishment of a Representative Office in the UAE marks an exciting step in our journey to connect Africa with global markets, creating new opportunities for trade and investment," Macharia stated.
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"Furthermore, we recognise that sustainability is not just a corporate responsibility but a fundamental driver of long-term success. We are committed to integrating sustainable practices into every aspect of our business, ensuring that we create value for all our stakeholders while protecting our planet for future generations."
Equity Group, which has operations in six East and Central African countries, is increasingly positioning itself as a bridge between local economies and international opportunities, with the UAE outpost expected to enhance access to diaspora banking, trade finance, and strategic investment flows.
Addressing shareholders, Managing Director and Chief Executive Officer Dr. James Mwangi shared his optimism about the Group’s direction and purpose-driven agenda.
“The establishment of a Representative Office in the UAE marks a strategic step in deepening regional and global connectivity. With our shareholders’ continued trust, we are confident in our ability to drive meaningful transformation, sustainable development, and long-term value creation across the continent," Mwangi stated.
Over the past year, Equity has intensified its commitment to inclusive economic transformation, with particular emphasis on social investment and climate-conscious lending.
These pillars, coupled with robust governance mechanisms and innovation-led banking models, have been central to its post-pandemic recovery and competitive positioning.
With the AGM approvals now in place, the Group will look to 2025 and beyond with a sharpened focus on creating shared prosperity.
The leadership believes its proven strategy, shareholder backing, and agile governance structure provide a strong foundation for accelerated growth across Africa’s rapidly evolving financial landscape.
