- External subsidiaries contributed 50% of 2024 net profit
- DRC remains top earner despite conflict-related slowdown
Nairobi, Kenya – Equity Group increased its dependence on regional subsidiaries in 2024, as weak economic conditions in Kenya dragged down the performance of its domestic operations. External units — including those in the Democratic Republic of Congo (DRC), Rwanda, and Uganda — accounted for half or Ksh24.4 billion ($188.7 million) of the Groups net profit for the year ending December, underscoring a shift in the lender’s profit engine.
You need an active subscription to continue reading this article.
