Kenya: Equity Group Profit After Tax Up 12pc to Sh48.8bn

Nairobi — Equity Group has posted a profit after tax growth of 12 percent to Sh48.8 billion for the full year ending December 31, 2024, boosted by gains earned from regional subsidiaries as well as business diversification.

The Kenyan unit contributed 46 percent to the Group’s total revenue; other regional subsidiaries also saw big contributions to their net profit.

While Equity Bank Rwanda’s revenue grew 36 percent year-on-year (YoY), Tanzania’s by 20 percent, and DRC’s by 9 percent, among…