Equity Bank chief executive officer James Mwangi. PHOTO | FILE
By BD REPORTER
In Summary
- James Mwangi was given the slot in recognition of his leadership in fostering financial inclusion in Africa.
Equity Group
chief executive officer James Mwangi, has become the inaugural guest
speaker to address a new high-level speakers’ series at US Ivy League
college, the Cornell University.
Mr Mwangi was given the slot in recognition of his leadership in fostering financial inclusion in Africa.
The Charles H. Dyson School of Applied Economics
and Management (Dyson School) is a reputed global business school of the
Cornell University.
Its internationally renowned areas of expertise
include food and agricultural economics, management, environmental and
resource economics, international and development economics.
These areas of study expertise are aimed at
fulfilling the school’s mission to inform and foster the public
stewardship and private management of businesses, organisations,
livelihoods, and natural resources.
The business school has launched a speaker series
under the theme “Our Business is a Better World”, to boost the delivery
of its academic programmes. The series will be periodically delivered by
global heads of industry.
Mr Mwangi pleaded the case for the democratisation
of financial services in his presentation titled “Democratising Access
to Finance and Social Impact in sub-Sahara Africa 1984- 2014; The Case
for Equity Group.”
“The Equity Group mission is centered on a
commitment to transform the lives and livelihoods of our people socially
and economically by availing to them modern, inclusive financial
services that maximise their opportunities,” said Mr Mwangi.
The Group, he added, has as part of its expansion
strategies set out to replicate its East Africa success across the
continent. The banking group has announced plans to extend Equity’s
footprint across 10 African countries in the next ten years.
Equity Group is also stepping up its efforts to
deploy its mobile virtual network Equitel, which is designed as a mobile
banking channel. Equitel has a subscriber base of more than 1.2
million.
Across the East Africa region, Equity’s agency banking services have now hit the Sh29.1 billion transactions value mark.
Equitel recently announced the launch of a new
range of value added services including a customer loan generation
product dubbed; Eazzy Loan, utility bills payment solution (GoTV, DSTV, Kenya Power and Nairobi Water) and a variety of merchant payment options.
In conjunction with Equity Investment Bank, Equitel
subscribers will also enjoy access to an innovative mobile based
securities including shares buying and selling trading solution with
same-day settlement in their accounts.
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