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Equity Bank Kenya Appoints new Chair

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Equity Bank (Kenya) Ltd Board has appointed Ambassador Erastus Mwencha, as the Chairman, taking over from Professor Isaac Macharia who was recently appointed Equity Group Holdings Board Chairman.

Ambassador Mwencha, a career diplomat served as the Deputy Chairperson for the Africa Union Commission (AUC).

Prior to that he was the Secretary General of the Common Market for Eastern and Southern Africa (COMESA) for ten years.

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He is described in international circles as a Pan Africanist with years of progressive experience in policy formulation and institutional transformation at national, regional and continental levels.

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Speaking when handing over the Board leadership to Amb. Mwencha, Prof Macharia said, “We are honoured to have Ambassador Mwencha taking over the Board chairmanship of Equity Bank (Kenya) Ltd. His experience
at the helm of AU Commission and COMESA will be instrumental strengthening Equity Bank Kenya’s catalytic role the country’s pursuit of becoming the economic hub for the region.”

He added, “Equity Bank Kenya is our leading subsidiary and a benchmark for its peers in the Group in championing strategic execution, growth and
innovation.”

Speaking when welcoming Ambassador Mwencha to Equity, Dr Mwangi, the Group Chief Executive Officer of Equity Group Holdings Plc said, “As management, we are honoured to have Ambassador Mwencha as the
Board Chairman of Equity Bank (Kenya) Ltd. His vast experience and solid networks will enrich Equity’s international relations and development as we continue with our Pan African expansion strategy. His passion
and advocacy for regional integration as a driver of Africa’s development, his high values for strong institutional systems and advocacy for a continental free trade area is well aligned with Equity’s vision of championing social economic prosperity for the people of Africa.”

When taking over the Chairmanship, Ambassador Mwencha said, “It is indeed a great privilege and honour to work with such a distinguished board that has great diversity of skills, expertise and experience. Working
alongside a highly energetic and talented management team, I am confident that we shall scale greater heights in delivering integrated financial solutions that drive the social economic engine of our country. Most
importantly, I am convinced that Kenya is strategically positioned to hub the economy of the region, and the role of financial institutions such as Equity will be Key.”

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