UNSTOPPABLE GROWTH! Equity Bank To Open Office In UAE

In a landmark decision, Equity Group has received shareholder approval to establish a Representative Office in the United Arab Emirates (UAE), marking a significant step in its strategic expansion beyond Africa.

Subject to regulatory approvals from the Central Bank of Kenya and UAE authorities, this move is poised to unlock a wealth of business, trade, and investment opportunities, connecting East and Central Africa with the UAE, Middle East, India, Central Asia, and South Asia.

From Left to Right: Rosa Nduati-Mutero, Managing Partner, ALN Kenya, Equity Group Chairman, Prof. Isaac Macharia, and Equity Group Managing Director and CEO, Dr. James Mwangi, during the Group’s 21st Annual General Meeting. Equity Group Shareholders approved a record Kshs. 16 billion dividend payout at Kshs. 4.25 per share, reaffirming the Group’s commitment to shareholder returns. They also endorsed key governance policies, approved new board appointments, acknowledged the retirement of four longtime directors, and authorized the opening of a Representative Office in the UAE.

For the thousands of Equity Bank Uganda customers living and working in the UAE, Dubai, and Saudi Arabia, this development promises a transformative leap in accessing tailored financial services they’ve long awaited.

The approval, ratified during Equity Group’s 21st Annual General Meeting held on 25th June 2025, reflects a vision to bridge continents, with the Dubai office set to serve as a vital link for diaspora customers interested in one on one customer service, trade facilitation, diaspora banking, and capital raising, amongst others.

This milestone also builds on Equity Bank Uganda’s proactive efforts to engage its diaspora, a journey that began gaining traction in recent years through past initiatives where Equity Bank Uganda’s service and management teams visited Dubai and Saudi Arabia, offering specialized financial and banking services to address their unique needs—ranging from remittances to investment opportunities, efforts that resonated deeply with the diaspora community.