Equity Bank scoops Africa Investor award
After recognitions by the World Economic Forum and the African Banker Awards, Equity Bank Group has won the Africa Investor Award as the Best Initiative in Support of SMEs and the Millennium Development Goals.
Group CEO Dr. James Mwangi received the award early last week during the World Bank Annual Meetings in Washington DC.
During the awards ceremony, Dr. Mwangi reiterated the bank's commitment to enhance its customer product and service offering that has the capacity to transform their lives and livelihoods.
"At Equity Bank, our commitment is to make banking convenient and accessible to all our people so that they can become agents of their social economic transformation, said Mwangi.
"Meaningful progress can be achieved on the attainment of the Millennium Development Goals if organizations and institutions can develop pro-growth and pro-development products and services and then ensure that they are easily accessible and affordable."
Equity Bank supports farmers by targeting them with products that help them commercialize agriculture. For example Equity has partnered with the government for Kenya, and other stakeholders in the rehabilitation of irrigation schemes where Equity finances farmers; government provides the land and water for irrigation while other stakeholders provide market for the produce. Again in partnership with the Government of Kenya, Alliance for a Green Revolution in Africa (AGRA), and International Fund for Agricultural Development (IFAD) Equity is supporting in commercializing agriculture for food security and in promotion of sustainable farming methods through Kilimo Biashara Loans.
Equity has been at the forefront in promoting the growth of micro businesses to small medium enterprises. "By investing in the education, health, agriculture and business empowerment of our people, we lay a strong foundation for the future of Africa. A prosperous Africa will not only benefit its people but also contribute meaningfully to global trade," Dr. Mwangi said. This way Equity believes we will be securing the future of the continent.
The awards programme organized by Africa investor (Ai), a leading international investment research and communications group, are the longest-standing internationally acclaimed awards geared at rewarding exceptional business practices, economic achievements and investments across Africa. The Africa Investor awards recognize institutions and individuals serving to improve the continent's investment climate.
credits: East Africa Business Week
This article was originally posted on Africa Banking Network
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