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Dr. James Mwangi, CEO and Managing Director Kenya: Equity Bank Limited
Dr. James Mwangi’s journey at Equity Bank started in 1993 when the Governor of the Central Bank of Kenya obtained a damning report ranking Equity 66th out of 66 banks. The Governor decided to close the bank to protect depositors, but James left a well-paying job to save the institution.
Eighteen years later, he has turned Equity into one of the region’s leaders. Its purpose is to transform the lives of Africans by providing modern financial services that maximize their opportunities.
With more than 7.3 million accounts, Equity has over 50% of all bank accounts in Kenya, giving it the largest customer base in the region. Through his initiative, the bank also established the Equity Group Foundation, which champions educational initiatives aimed at creating transformational leaders.
Equity has focused on the empowerment of youth and women and has spearheaded a successful agricultural campaign. James says,
“This award is in recognition for Africans who have continued to believe in themselves, and are constantly working to transform their lives.”
Equity Bank Limited is a public company providing personal, business and corporate banking services and products.
Dutch company, Heineken, one of the top three largest global brewers has been strategically penetrating the regional market since last year.
Through its flagship premium beer brand, Heineken, has been selling in the market in the past years in limited locations and amounts, the brewer opened an operating company in Kenya and two more in Tanzania and Uganda. The company has also catered for infrastructure to serve South Sudan, Djibouti, Madagascar, Comoros, Seychelles , Eritrea and Somalia markets from Nairobi.
Like other beer brands in the market, Heineken has to keep up with the changing trends which have been pointing to the premium beers segment and exploit the positive economic outlook. It also has to deal with some changing regulatory policies and a unique Kenyan consumer.
(ed’s note: read for interesting insights on Kenyan consumer)