Equity owners approve health cover unit creation

Equity Group chief executive James Mwangi during the announcement of the group’s 2023 full year financial results at an investor briefing at Equity Centre in Nairobi on March 27, 2024.

Photo credit: Wilfred Nyangaresi | Nation Media Group

Equity Group shareholders have approved the establishing a new health insurance subsidiary moving the lender a step closer to expanding its insurance offering beyond life and general categories.

The new health insurance company will be incorporated in Kenya and will be a subsidiary of the group through the company’s insurance holding company.

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Note: The results are not exact but very close to the actual.