Kigali, 15th June 2022
Equity Group Holdings has confirmed its participation in the upcoming Commonwealth Heads of Government, Commonwealth Business Forum meeting as an Anchor Partner with a sponsorship of Three hundred thousand dollars ($300,000).
Through this partnership, Equity Group Holdings will participate in the Commonwealth Enterprise and Investment Council’s Business Forum, and Dr. James Mwangi, Group MD and CEO and Equity senior staff, as invited special guests of the Commonwealth Secretary General the Honorable Patricia Scotland at the Heads of Government meeting.
Dr. James Mwangi, the Group Chief Executive Officer will deliver 2 keynote speeches at the Commonwealth Business Forum and will present the Group’s `Africa Recovery and Resilience Plan’ that seeks to accelerate economic recovery and resilience in the Eastern and Central Africa region as it recovers from the devastating health, social, humanitarian, and economic impacts of the COVID-19 pandemic.
The Regional Development Plan through recovery and resilience initiatives focuses on six thematic areas:
Ecosystems of natural resources in Agriculture and Extractives; Manufacturing and logistics enhancement.
Trade and investment access to new markets, technology, capital, and skills; Connectivity of MSMEs into formal value chains; Social and environmental transformation capacity building of value chain stakeholders; and creation of an Innovation led technology-enabled economy to bring businesses online.
The Commonwealth Business Forum will be held under the theme "Delivering a Common Future: Connecting, Innovating, Transforming” with a focus on "A Global Reset” and presents a platform for Equity Group Holdings to meet with other business leaders from the world to chart a way forward for global business recovery.
Leaders of Commonwealth countries meet every two years for the Commonwealth Heads of Government Meeting (CHOGM), hosted by different member countries on a rotating basis.
This year’s Commonwealth Heads of Government Meeting takes place 20-25 June 2022, in Kigali, Rwanda, with His Excellency President Paul Kagame hosting which will bring together heads of governments or their representatives from the 54 member countries of the Commonwealth.
Representing a third of the world, the Commonwealth is home to 2.6 billion people and includes both advanced economies and developing countries.
During the meeting, President Kagame will become Chair-in-Office of the Commonwealth, taking over from UK Prime Minister, Boris Johnson.
The Commonwealth Business Forum is the premier major business event in the Commonwealth calendar and brings together Heads of Government, Ministers, and top business leaders from around the globe.
About Equity Group Holdings
Equity Group Holdings Plc. is a systemic Pan-African financial services holding company listed at the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange.
The Group has banking subsidiaries in Kenya, DRC, Rwanda, Uganda, Tanzania, South Sudan, and a Commercial Representative office in Ethiopia. It has other subsidiaries in investment banking, insurance, telecom, fintech and social impact investments.
Equity Group is the largest financial services institution in the region with assets of Kshs 1.35 trillion (USD 13.5 billion). It is also the biggest bank in deposits, market capitalization of USD 2 Billion and with a customer base of over 16.4 million customers.
The Group has a footprint of 337 branches, 58,756 Agents, 155,888 Pay with Equity (PWE) Merchants, 34,941 POS Merchants, 691 ATMs and an extensive adoption of digital and mobile banking channels. The Banker Top 1000 World Banks 2021 index ranked Equity Bank 22nd in Africa and 761 overall in its global ranking, 149th in soundness (Capital Assets to Assets ratio), 71st in terms of Profits on Capital and 39th on Return on Assets.
Brand Finance 2022 ranked Equity Group the 5th strongest banking brand in the world and 338 overall among the top 500 banking brands, with a Brand Strength Index (BSI) of 90.8 and a brand ranking score of AAA+, the highest rating that a brand can attain.
The Banker’s Top 100 African Banks 2020 placed the Bank in position 7 overall among the top 10 Banks in Africa, 5th place on soundness, position 9 on growth performance, 8th on return on risk and position 6th in terms of profitability and on leverage category.
For additional information, visit www.equitygroupholdings.com/ Rwanda: www.equitygroupholdings.com/rw