Equity Group spending on women suppliers up 302% to Ksh 3.7B

Equity Group increased its spending on women suppliers by an impressive 302% to reach Ksh 3.7 billion last year. This expenditure formed part of the bank's total procurement budget, which grew to Ksh 52.8 billion. In the report, Equity Group highlighted that its spending on products and services from women-owned enterprises rose from Ksh 923.5 million in 2024 to Ksh 3.7 billion in 2025.

This increase in procurement of local services and products saw a rise from 88% to 90% of the bank's locally sourced services and products. Equity Group's Chief Executive Officer, Dr. James Mwangi, emphasized the bank's commitment to transforming lives and promoting economic development. He stated, "The stronger our business becomes, the greater our capacity to invest in people, enterprises and communities, while building resilience across the markets we serve."

Total procurement expenses for Equity Group rose by 12.2% year-on-year, reaching Ksh 52.8 billion from Ksh 47 billion in 2024. The bank spent Ksh 47.6 billion on locally sourced products and services, marking a 14.7% increase compared to Ksh 41.5 billion in 2024. The lender emphasized its focus on supporting youth-led and women-owned businesses and ensuring responsible sourcing. In 2025, 90% of Equity Group's procurement spend was directed towards local suppliers.