Equity Group lifts spending on women suppliers 302% to KSh 3.7 billion

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Equity Group bought KSh 3.7 billion worth of goods and services from women-owned firms in 2025, up from KSh 923.5 million in 2024. Its total procurement grew 12.2% to KSh 52.8 billion, and 90% went to local suppliers.

Equity Group procurement spending, 2024 vs 2025
  • 2024
  • 2025
0 20 40 60
47 52.8
41.5 47.6
Total procurementLocal suppliers
Source: KBC Digital, Equity Group 2025 Sustainability Report
Table
20242025
Total procurement4752.8
Local suppliers41.547.6

Equity Group sharply increased the business it gave to women-owned enterprises last year. The lender spent KSh 3.7 billion on their products and services, according to its 2025 Sustainability Report. In 2024 it spent KSh 923.5 million, KBC Digital reported.

The bank's total procurement spending rose 12.2% year-on-year, from KSh 47 billion in 2024 to KSh 52.8 billion. Of that total, KSh 47.6 billion went to local suppliers. That is a 14.7% rise on the KSh 41.5 billion it spent locally in 2024. The local share of procurement grew from 88% to 90%.

Youth-led enterprises also won more business. Their supplies and services to the bank rose 75% to KSh 491.1 million in the year to December 2025, up from KSh 280.7 million. The lender said it buys locally to support local economies, create jobs and promote inclusive growth. "We are particularly focused on supporting youth led and women owned businesses wherever possible," the bank said.

Chief Executive Officer Dr James Mwangi said a stronger business gives the group more room to invest in people, enterprises and communities. He said the group aims to turn its investments, partnerships and innovation into "measurable, enduring impact" across Africa.

Equity Group said its net investment in social impact and sustainability programmes reached KSh 99.5 billion across the six regional markets where it operates. Mwangi said the goal is to direct finance towards resilience. He added that people and nature must not be treated as afterthoughts in development.

The group's workforce also grew during the year, from 13,083 to 13,370 employees. Of these, 7,276 are men and 6,094 are women, according to the report.

Zimbabwe Zambia Yemen St Helena United Arab Emirates Uganda Turkey Tunisia Togo Tanzania Syria Swaziland South Sudan Sudan Spain South Africa Somalia Somaliland Sierra Leone Senegal Saudi Arabia São Tomé & Príncipe Rwanda Qatar Portugal Oman Nigeria Niger Namibia Mozambique Morocco Western Sahara Mauritania Malta Mali Malawi Madagascar Libya Liberia Lesotho Lebanon Kuwait Kenya Jordan Italy Israel Palestinian Territories Iraq Iran Guinea-Bissau Guinea Greece Ghana Gambia Gabon France Ethiopia Eritrea Equatorial Guinea Egypt Djibouti N. Cyprus Cyprus Côte d’Ivoire Congo - Kinshasa Congo - Brazzaville Comoros Chad Central African Republic Cameroon Burundi Burkina Faso Botswana Benin Bahrain Angola Algeria Kenya
Kenya

Sources KBC Digital

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