Equity Group Issues Staff 5 Percent of Total Shares

Under the Employee Share Ownership Scheme (ESOP), Equity Group has distributed to its employees 5% of the company’s total shares, worth Sh10 billion.

Through immediate cash bonuses, ESOP aims to create performance culture, attract talent from global multinationals, and link employee interests with long-term shareholder goals.

“The recognition and reward to staff by the shareholders follows sustained resilience in creation of shareholders’ value over a period of 7 years characterized by a series of challenges including interest capping, the COVID-19 pandemic, the Russia-Ukraine war and the current macro-economic turbulence marked by sticky and stubborn inflation, high interest rates and volatile exchange rates,” said James Mwangi, Equity Group CEO.

Currently, Equity has commercial representative offices in Ethiopia and operates in Kenya, Uganda, South Sudan, Rwanda, Tanzania, and the Democratic Republic of the Congo.

Additionally, it manages non-banking entities that offer infrastructure, investment banking, custodial, insurance, philanthropic, and consultancy services.