Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Mwangi was feted as a result of his leadership and vision in driving the growth of Equity Bank and providing leadership in the banking industry in Africa/FILE


Equity Bank named most socially responsible bank in Africa

Equity Group Foundation feted for positively impacting different African communities/FILE

NAIROBI, Kenya, July 8 – Equity Bank has been named the most Socially Responsible Bank in Africa during the African Banker Awards 2019.

Under the Responsible Bank category, Equity had been shortlisted alongside Access Bank (Nigeria), Bank Misr (Egypt), KCB (Kenya) and Qalaa Holdings (Egypt).

The bank has been recognized through its efforts under the Equity Group Foundation mentioned to positively impact different African communities.

The programs are across five thematic areas that include education and leadership development, entrepreneurship and financial education, health, agriculture and agribusiness, and energy and environment.

Through Equity Group Foundation, the bank has had successful initiatives, key among them being the improvement of secondary school education access for 16,168 students under the Wings to Fly program; Financial Literacy training that has benefited over 1.7 million citizens; more than 400,000 households have benefited from 84,708 clean energy products, and 638,522 peasant farmers have been transformed into agribusiness entrepreneurs.

Publisher of African Banker Omar Ben Yedder said the banking sector has continued to register improvement each year.

“We’ve been following the work of the financial services industry for many years. The sector over the years has seen great returns, and 2018 was another strong year for banks,” he said.

The winners of the awards, hosted by African Banker magazine in conjunction with Business in Africa Events, were announced at the African Banker Awards on the fringes of Annual Meetings of the African Development Bank (AfDB) last month, in Malabo, Equatorial Guinea.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...