Equity Bank boss attends UN special session

February 28, 2012


Mwangi confirmed that he shall be addressing the Ivy League universities and ECOSOC/FILE
NAIROBI, Kenya, Feb 28 – Equity Bank Group Managing Director James Mwangi is this week set to join leading global political and economic affairs leaders at the invitation of The President of the UN Economic and Social Council Lazarous Kapambwe to participate in an exclusive Council event on “Breaking new ground-Partnerships for more and better jobs for young people” which will bring together a significant number of foundations, global partnerships, private sector organizations and others to engage with United Nations Member States in support of youth employment worldwide.

As Equity Bank’s business model continues to attract the attention of the world’s leading business schools, Mwangi was also invited and will address students and faculty members at the Stanford University and the Massachusetts Institute of Technology (MIT). The Equity Bank business model is a case study at the Stanford University Business School.

Speaking on arrival in New York ahead of the engagements, Mwangi confirmed that he shall be addressing the Ivy League universities and ECOSOC on pertinent African development concerns and possible policy interventions.

“At Equity Bank, our model is anchored on providing inclusive Financial Services that transform livelihoods, give dignity and expand opportunities and I shall be sharing our experiences with eminent current and future global leaders,” Mwangi said.

“As the largest financial institution in sub Sahara serving more than 7.3 million account holders, we are well placed to share our experiences and considered policy interventions to help mobilise international support and appreciation of our economic environment.”

At the ECOSOC special session officially opened by UN Secretary General Ban Ki-Moon at the UN Headquarters’ in New York, Mwangi who was joined by among others Reeta Roy President & CEO MasterCard Foundation, International Trade Union Federation, General Secretary, Sharan Burrow, shared the bank’s experience on the keynote topic titled: Innovations in promoting youth employment.

Alongside, American Economist Prof Jeffrey Sachs, who is also the Director of the Earth Institute, Mwangi presented a keynote address to Stanford University students and faculty members during this year’s Stanford Africa Forum (SAF). SAF is organized by a multinational and multidisciplinary group of Stanford University students who share a firm belief in the potential and promise of the African continent.

This year, SAF 2012 brought together some of the leading innovators working in Africa to discuss success stories, share ideas and also learn from past mistakes while underscoring innovation and sustainability themes.

At the Massachusetts Institute of Technology (MIT), Dr. Mwangi will address a global seminar course on entrepreneurship and development. The MIT seminar largely builds on the philosophy from Adam Smith’s Wealth of Nations about economic growth and development.

Mwangi will address a public lecture titled: Equity Bank: Redefining Business in Africa at the prestigious MIT Sloan School of Management. MIT is widely acclaimed as the academic home of Engineering and business crème de la crème.

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