Equity Group Increases Procurement Spending on Women-Owned Businesses by 303% to Sh3.72 Billion

Equity Group has significantly boosted its procurement spending on women-owned businesses to Sh3.72 billion in 2025, marking a remarkable 303% increase from Sh923.53 million in 2024. This surge in investment is part of the financial services group's ongoing commitment to fostering economic opportunities for women, young entrepreneurs, and individuals with disabilities.

According to the 2025 Sustainability Report, the Group's total procurement spending reached Sh52.79 billion in 2025, with a notable rise in spending on youth-owned businesses to Sh491.05 million, representing a 75% increase from Sh280.67 million the previous year. Equity Group emphasized the importance of local procurement, with 90% of its 2025 spending directed towards local suppliers, amounting to Sh47.59 billion.

This represents a substantial 24% increase from Sh41.48 billion spent on local suppliers in 2024. Additionally, the Group reported a 24% rise in hiring individuals with disabilities, bringing on board 67 new employees in 2025 compared to 54 in 2024. The lender also onboarded 306 new suppliers throughout the year, all of which underwent environmental and social screening as part of their responsible sourcing requirements.