Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Equity’s profit up 13pc as Kenya subsidiary recovers
Equity Life Assurance (Kenya) Limited Managing Director Angela Okinda (left) engages with Equity Group Managing Director Dr James Mwangi during the release of Q3 2024 Financial Results and Investor briefing held at Equity Centre in Nairobi on November 12, 2024.
Equity Group posted a 13.6 percent rise in net profit to Sh39.3 billion in the first nine months ended September 2024 as earnings in the Kenyan unit recovered and costs grew at a muted pace.
The growth in net profit was from Sh34.6 billion posted in the preceding similar period. This came on the back of its largest subsidiary—Equity Bank Kenya—growing net earnings to Sh20.6 billion.
