Equity News Issue1

8/3/2019 Equity News Issue1

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EQUITY NEWSA NEWS PUBLICATION OF EQUITY BANK

Your Listening Caring partner www.equitybank.co.ke Issue 01

December 2010

November 2010 saw Equity Bank and tele-

communications Service provider Telkom Ke-

nya launch Orange Money, a versatile product

hat combines the eatures o mobile money

ranser and mobile banking. Orange money

s powered by Equity Banks mobile banking

platorm. Orange money is mapped onto the

customers bank accounts, making it possible

or the customers to literally run their accounts

rom their mobile handsets, with the accounts

security aligned to that o the Bank. This inte-

gration allows or the ease o interbank trans-

ers and loan origination using the service or

Orange Money customers.

Customers who have subscribed to Orangemoney are able to send money to any mobile

network. The service also comes with the

convenience and reliability o the phonebook

ook up when transerring money and allows

multiple transactions per day with an initial

imit o Shs. 100,000. Other services include

payment o utility bills, and enables customers

o move money across bank accounts. Speak-

ng at the launch event, Orange CEO Mick-

ael Ghossein said the introduction o Orange

Money to Kenya demonstrates the benets o

a deep convergence between a telecommuni-

cations organisation and a bank, by leveraging

on recent advancements in the Inormation

and Communications Technology. He said the

introduction o the product in Kenya was in-

ormed by lessons rom other countries where

Orange Money had been introduced, as well

as intensive research on the needs and preer-

ences o Kenyans.

Ghossein said the service is suited or or-

ganisations and individuals alike, saying it is

an easy way or employess to pay salaries di-

rectly to their employers. He said in the com-

ing months they will also scale the service up

by adding to its unctionality. Equity Bank CEO

Dr. James Mwangi said the partnership with

Telkom Orange comes at a time when EquityBank is expanding its agency banking model

across the country. With each partner having

already an existing inrastructure o agents,

this partnership is reaching more Kenyans

with nancial services. While Orange Money

enables customers to carry out an array o -

nancial transactions rom their mobile phone,

the agents urther enhance these services by

enabling the customers to deposit, withdraw

money and do loan originations rom agency

locations.

Orange Money will also be introduced into

the Ugandan market, where both Orange and

the Bank already have a oothold. Dr. Mwangi

added Cooperation with like- minded part-

ners brings on board value added solutions,

and Equity Bank will continue to seek partner-

ships that will not only ocus on innovation,

but will at the end o the day make a dierence

to the living standards o the majority o Ke-

nyans. This is in line with the Banks vision o

championing the social economic prosperity

o the people o Arica.

Dr. Mwangi said Equity Bank had been at

the oreront o coming up with mobile bank-

ing solutions in Kenya as part o the groups

bigger vision o bringing banking services

closer to a majority o Kenyans through nan-cial inclusivity.

While ocially launching the new service,

Deputy Prime Minister and Minister or Fi-

nance Uhuru Kenyatta praised the two organi-

sations or combining their collective strengths

to meet the market needs. He said, The ad-

vent o mobile money transer solutions in the

market has seen an increase in the number o

people who can access nancial services, lead-

ing to inclusivity. The service gives Orange and

Equity Bank customers more convenience as

they run their bank accounts rom their hand-

sets.

Dr. Mwangi was one of the pan-

elists at the rst ever Global

Savings Forum held in Seattle,

organized by the Bill & Melinda

Gates Foundation in November 2010. The

Forum focused on the role of savings in the

developing world. Dr. Mwangi was one of

the panelists that discussed New Partner-

ships for Technology-Enabled Financial

Inclusion. Panelists included Bill Gates

and luminaries from different organiza-

tions, including Michael Joseph, formerSafaricom CEO. Speaking at the Forum,

Dr. Mwangi said that mobile telephony

is changing banking in a big way and the

partnerships between banks and mobile

carriers bring scale and cost efciency.

This year, Equity Bank forged partner-

ships with Safaricom, Orange and Essar

in an effort to deepen nancial access and

take nancial services to the majority of

Kenyans who are still nancially excluded.

The forum brought together Heads of gov-

ernment, banking, technology, and inter-

national development.

ORANGE MONEY IS

LAUNCHED IN KENYA,

POWERED BY EQUITY BANK

FEATURED INSIDE

DR. MWANGIADDRESSES GLOBAL

SAVINGS FORUM

Guest o Hon-

our DeputyPrime Minister

and Minister orFinance Uhuru

Kenyatta with

Orange CEOMickael Ghos-sein and Equity

Bank CEO Dr.James Mwangi

at the launch oOrange Money.

Dr. Mwangi named the 2010Arican Banker o the Year Pg 3

Revolutionary M-Kesho productlaunched Pg 3

Equity Bank Southern Sudangrows Pg 7

Equity Bank Uganda recognizedas best employer Pg 7


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EQUITYNEWS2

EQUITY BANK Q3

PROFIT UP 53%

Pledges to continue

embracing innovative

ICT solutions to oster

urther growth

Equity Bank Group, the leading regional nancial services solutions

provider maintained its track record, managing to post a 53% prot

beore tax in its third quarter nancial results released in October

2010.

Riding high on increased customer deposits and a modestly

avorable economic climate, Equity Bank Group Prot beore tax

grew to Kshs 6.53 Billion during the nine month trading period ended

September 30th up rom Kshs 4.25Billion posted during the same

period last year. Equally the period under review saw the ater tax

prot grow by 51% rom Kshs 3.38Billion to reach Kshs 5.13Billion.

Within the period under review, the Bank also managed to

impressively grow its asset base to stand at Kshs 136.5Billion up rom

Kshs 97.4Billion refecting a more than 40% growth.

The growth in assets was ueled by 50% growth in customer

deposits rom Kshs.65.6 Billion in 2009 to Kshs.98.8 Billion in 2010.

Total operating income within the same period grew by 46% rom

Kshs 11.2 Billion to Kshs 16.5Billion, with the growth mostly coming

rom interest income which increased by 53% rom Kshs 7.84Billion

in September 2009 to Kshs 11.98Billion in the period under review.

The Groups non- interest income grew by 32% rom Kshs 4.56

Billion to Kshs 6.02Billion, mainly driven by commissions and ees

rom transactions. Operating expenses grew by 42% rom Kshs 7.05

Billion to Kshs 10.04 Billion.

The Equity Bank Group urther managed to reduce its non

perorming loans portolio by an impressive 20% to stand at Kshs

3.57 Billion down rom Kshs 4.46 Billion registered during the same

period last year.

Speaking when he released the results at the Equity Centre Nairobi,

Equity Bank Group Chie Executive Ocer Dr. James Mwangi

attributed the posit ive results to the Banks ongoing strategy to adopt

innovative customer oriented Inormation and Communication

Technology (ICT) solutions, and a growing loan book buoyed byincreased optimism in the economic outlook.

Addressing Equity Group Investors and the media, Dr. Mwangi

disclosed that the banks M-Kesho product is currently enjoying

tremendous success and had already hit the 700,000 customer

mark.

Buoyed by such success and as part o the Groups commitment

to bridge the gap between the banked and unbanked masses, Dr.

Mwangi pledged to urther step up mutually benecial partnerships

with other ICT related solutions providers in coming months. The

Bank is also growing its loan book by targeting its micro, small and

medium clients. Early in the year, Equity signed up a partnership with

China Development Bank or a Kshs 4Billion to support small and

medium enterprises (SME) in the country. The loan acility is available

to small and medium enterprises at an interest rate o between 7% to

9% or periods o 3-7 years making it the cheapest source o unding

or the sector in the country.Our mission is to oer inclusive; customer ocused nancial

services that socially and economically empower our clients and

other stakeholders and thats a cardinal role that we shall continue

playing in the medium and long-term, he assured. As part o our

vision to be the champion o the socio-economic prosperity o the

people o Arica, we shall continue to embrace ICT solutions and

orge close links with like minded partners in our quest to one day

bank all o Aricas unbanked people, Dr. Mwangi added.

With regional and local political/economic reorms now underway,

Dr. Mwangi conrmed that Equity Bank and its subsidiaries will

continue playing a key role in acilitating nancial services growth.


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EQUITYNEWS 3

MESSAGE FROM THE TEAM LEADER

A YEAR WORTH CELEBRATING

M-PESA customers now enjoy banking services on their

mobile phones

Equity Bank and Saaricom Launch the

Revolutionary M-Kesho

This year saw Equity Bank and

Saaricom launch M-Kesho,

a bank account that acili-

tates customers to transer

money to and rom their

M-PESA via their mobile

handsets while enjoying other benets that

come with the bank account. President Mwai

Kibaki launched M-Kesho at a ceremony that

attracted local and international participants.

Equity Banks Chie Executive Ocer, Dr

ames Mwangi said, this partnership marks

he convergence between banking and tele-

communications which will indeed take nan-

cial services to the last mile.

Saaricom Chie Executive Ocer Michaeloseph said, M-PESA is proud to launch an-

other new initiative with our partners Equity

Bank by oering a new service that will target

customers who are looking or the

convenience o a bank account that uses M-

PESA as the tool to deposit and withdrawmoney into their accounts.

The launch o M-KESHO was in response

to identied M-PESA customer needs or a

convenient and aordable way to keep their

money which they can access through agents

including Equity Bank Auto Branches (ATMs). Through M-KESHO, over 5.7 million Equity

Bank account holders and over 9.5 million M-

PESA customers now enjoy a linkage between

the two services. M-PESA customers can now

withdraw money rom Equity Bank ATMs.

t gives me great pleasure to welcome you to

our inaugural Equity Newspaper. This publi-

cation comes towards the end o a very suc-

cessul year or us at Equity Bank. It is the year

when, with dedication rom sta, and great

support rom our customers, the Bank ven-

ured into several new grounds with resound-

ng success.

We began the year with a very positive per-

ormance. With an improved economic envi-

onment, we ound ourselves back on amiliar

ground, recording exemplary perormance

coupled with growth and expansion, a trend

which we have maintained throughout the

year.

On our social ront, we crystallized our

partnership with The MasterCard Foundation.

This partnership has enabled top perormers

n the Kenya Certicate o Primary Education

KCPE) who cannot aord an education to get

ull scholarship that pays or their secondary

school education. In 2010 the program pro-

vided comprehensive scholarships to 200 aca-

demically gited yet nancially disadvantaged

students, that will enable them to complete

secondary school education in Kenya. The

program also provides leadership develop-

ment, career guidance and mentoring to an

additional 344 secondary school students.

This was a dening moment or us, and or

he amilies that beneted rom these scholar-

ships. We have since witnessed the encourag-

ng perormance and renewed hope that char-

acterizes this rst class o beneciaries.

2010 also marked another great milestone

where eight o our Pre University sponsorship

beneciaries got admission to the Ivy league

Universities including Havard, MIT and Yalewhile another two went to London School

o Economics and Wooster college in Ohio.

t gives us pride to see how our academically

gited youth are taking up opportunities with

determination to lay a strong oundation or

heir uture. Our hope is that they will in turn

mentor those behind them, and eventually

create a pool o uture leaders who will con-

tribute to the social economic prosperity o

our communities.

On the business side, this year the Bank re-

alized its goal o spearheading convergence

with the Telecommunication sector, in an e-

ort to take nancial services to more people

through mobile technology. We successully

orged partnerships with Saaricoms Mpesa,

Orange and Essar. Through these innovations

we will continue making access to nancialservices more convenient and accessible rom

the mobile phone. We assure you o our con-

tinued commitment to take nancial services

to the last mile through our continuous in-

novation and exploitation o modern tech-

nology. We shall continue to strive to give

our communities an opportunity to enter the

market economy and unlock their economic

potential.

It was another great milestone when the

Bank rolled out agency banking. We can now

see our vision and commitment to take nan-

cial services to the communities where they

are, coming true. We see this as a great op-

portunity to create employment and wealth

equitably both in rural and urban areas. We

are urging particularly the young people,

women, and the SME sector to seize this op-

por tunity and use agency banking to create

employment.

We take this opportunity to express our

gratitude to all o you, our customers, or your

continued support. It is this support that gives

us the motivation and inspiration to continu-

ously venture into new grounds, in search o

innovations that will help make access to

banking easier and convenient or all. We have

continued to grow together in trust. The trust

and condence that you have bestowed on us

has made us become one o the most celebrat-

ed nancial institutions in Arica.

We have been voted as the Best Micro-

nance Bank in Arica by the Arican Banker

Awards or two consecutive years, 2008 and

2009. This year, the Bank was voted as the

best perorming Ai 40 Company in Arica by

the Arica Investor in New York, while your

CEO was voted the Banker o Year by the Ari-

can Banker Awards. The CEO was also named

by the Financial Times o London as one o

the worlds top 50 Emerging Markets Busi-

ness Leaders.

Your Bank also holds the Global Vision

Award as a concept o the uture that willshape the world economy.

As we enter the estive season, we wish all o

you a Merry Christmas, and a Happy new year

ull o Gods blessings, health and prosperity.

We look orward to brighter days ahead walk-

ing together and serving you.

NEWS BRIEFS

with an improved economic

environment, we ound ourselves

back on amiliar ground, recording

exemplary perormance coupled

with growth and expansion, atrend which we have maintained

throughout the year

Dr. James Mwangi

CEO & MD Equity Bank

Equity Bankand Saaricom

CEOs perusethrough the

M-Keshobrochure

Shopat your preferred

supermarket

Payusing your

AutoBranch orVISA ATM card

Get Cashwithdraw cash from

your Equity Bankaccount at the cashier

Equity awarded

Investor Accolade

Equity Bank was named the best perorming

Ai 40 Company in the 2010 Arican Investor

Series Awards. The Arican Investor Index

Awards recognize and reward exceptional

business practices, economic achievements and

investments across the investment spectrum

in Arica. They also emphasize responsibility

towards society and good corporate citizenship.

Equity Bank won the best Ai 100 company

award in 2008 & 2009.

CEO Wins Arican

Banker AwardEquity Bank CEO and Managing Director Dr

James Mwangi was named the 2010 Arican

Banker o the Year or revolutionizing Kenyas

banking industry, pioneering the rst mobile

banking technology in the world to reach out

to the unbanked, and or championing the

empowerment o ordinary people through

inclusive nance.

Speaking about the recognition, Dr Mwangi

said: This continental recognition urther

goes to prove that Equity Banks model o

nancial inclusivity is a game winner. But the

greatest tribute goes to Equity Bank customers

who have stood with the Bank through the

years. Dr Mwangi noted that mobile banking

is a powerul tool that can be used to deliver

nancial services to millions o Kenyans who

have a mobile phone but do not have a bank

account due to challenges associated with

accessing nancial services, especially in the

rural areas o the country.

Women BodyHonours CEOIn 2010, the Women Entrepreneurship

Development and Gender Equality (WEDGE),

honored Dr. James Mwangi or his role in

championing entrepreneurship development

among women and youth in Kenya. Speaking

during the award ceremony, Dr Mwangi said

Equity Bank remains committed to support

entrepreneurship development among women

oering them competitive products that meet

their nancial needs. Month o the Woman

Entrepreneur is an annual event organized

by WEDGE, an ILO womens economic

empowerment program and is celebrated

in Kenya, Ethiopia, Tanzania, Zambia, andUganda.


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EQUITYNEWS4

EQUITY PICTORIAL2

8

1. In June 2010, Dr Mwangi and Dr Michael Joseph (immediate ormer CEO o Saaricom) were

awarded the Honorary Doctorate o Letters o Arica Nazarene University or the innovative ideas

that have transormed the lives o millions o Kenyans through Mkesho-a mobile phone centric

bank account.

2. The Equity Group Foundation with the support o The MasterCard Foundation has launched a

program on entrepreneurship training or youth and women in the countr y. The Foundation is also

partnering with Kenyatta University to train over 8,000 youth in Financial Education. RecentlyEGF organized training or Master Trainers who were trained and certied by Micro Finance

Opportunities (MFO) as Financial Education Master Trainers. Their graduation ceremony was

graced by Equity Bank CEO Dr James Mwangi, Kenyatta University Vice Chancellor Proessor

Olive Mugenda (not in photo) and MFO Training Ocer Bailey Butzberger.

3. Sept 2010, Vice President Hon. Kalonzo Musyoka was in Lower Eastern Province Kenya to fag

o a bumper sorghum harvest. He said the move by Equity Bank to pay armers through Mkesho-

the innovative mobile phone bank account would save time and transport related costs. He told

armers that East Arican Breweries Limited (EABL) had committed themselves to buy t he entire

produce o gadam sorghum while Equity Bank was providing arm input loans to the armers and

Kenya Agricultural Research Institute (KARI) provided certied seeds. He urged the armers to

take advantage o these opportunities to increase their earnings rom the crop output.

4. In May 2010, Dr James Mwangi led a team drawn rom the Save the Mau partnership to plant

indigenous trees in the Mau complex. He said the Bank is committed to mobilizing sta and

members to plant the targeted 1 million trees. Save the Mau; Turn Over A New Lea program is a

joint initiative by Equity Bank, Kenya Wildlie Service, Nation Media Group, Greenbelt Movement

and the East Arica Breweries.

5. In 2010, Equity Bank scooped The Best Bank and the Best Financial Institution awards at the Nairobi

International Trade Fair. The trophies were presented by President Kibaki at the air. The Bank

participates in all Agricultural shows in the country as part o its initiative to support agribusiness.

6. Equity Bank has partnered with the Department or International Development DFID o UK andthe Government to roll out a social payments system that is more ecient than ood relie to the

communities aected by hunger. Using a Smart Card and biometric technology, each household

receives a cash payment every two months through the Hunger Saety Net Programme (HSNP).

The initiative is transorming lives and livelihoods o thousands o people enabling them to access

ood and also save money or health and education.

7. In April 2010, The Bank donated unds to the Kaben Landslide Disaster Fund o Marakwet district

which was established to help restore amilies who were aected by the landslides in that region.

Assistant Minister or Cooperative Development who is also Member o Parliament or Marakwet

East Hon. Jebii Kilimo received the cheque rom the Equity Bank CEO Dr James Mwangi.

8. Equity Bank Kenya clinched the 2010 Interbank Games Championships overall winners trophy or

the 3rd time in a row. The record books were rewritten as Equity Bank became the second bank to

keep the trophy or good having won in 2008, 2009 and 2010. Equity won the trophy orm Central

Bank o Kenya that previously won it or 24 straight years.

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EQUITYNEWS 5

PARTNERSHIPS

EQUITY BANK PARTNERS WITH ESSAR

TELECOM TO ENHANCE YUCASH

SERVICEn its continued eorts towards nancial deepening and inclusion, Equity Bank part-

nered with Essar Telcoms Yucash to provide Kenyans with yet another mobile centric

nancial solution. Speaking during the launch o the partnership, Equity Bank CEO Dr.

ames Mwangi explained that the new service would enable the yu subscribers and

other non yu subscribers registered on yuCash to transer their unds rom their yu-

Cash accounts to their Equity Bank Accounts directly rom their mobile phones and

rom their bank accounts to their yuCash accounts. Designed as what is technically

known as a Mapped Account, Dr. Mwangi added that yuCash customers will alongside

basic money transer send and receive cash across the various local mobile network op-

erators. Emphasizing the innovative thinking behind the yuCash services, Chaturvedi,

said, only yuCash gives you ve channels through which you can transact, including

The Internet (WAP), SMS, Voice, USSD as well as the now commonly used SIM Tool Kit.

This means that even when you travel abroad, you can still access your yuCash account

and take care o emergencies at home at the same competitive local rates. yuCash

supports any mobile phone number in Kenya. The customers simply need to visit the

nearest Equity Bank Branch to request the new yuCash services.

EQUITY BANK IS SOLE AGENT OF

CHINA UNION PAY IN E. AFRICA.China Union Pay cards to be accepted on

Equity Banks ATMs and Point o Sale terminals

countrywideChina Union Pay cards will be accepted at Equity Banks over 700 ATMs, 5,000 Points

o Sale and over 1,000 merchant outlets worldwide, oering the Unions customers a

convenient and wider network. Equally, Equity Bank customers on VISA can now ac-

cess their accounts rom China Union Pays ATMs and POS all around the world, mak-

ng it easy and convenient or Kenyas business community that imports goods rom

China to transact business. With the signing up o the new deal, Equity Bank became

China Union Pays sole agent in East Arica.


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EQUITYNEWS6

BRANCH NEWSA GESTURE FROM A GOOD

NEIGHBOUR

ONE FAMILY, AT ALL TIMES

On 20th November 2010, the team rom the two Meru

branches carried out acts o compassion and support to the

local community, akin to being a good neighbour.

Meru and Meru Makutano branch sta jointly participated

in two events on the same day. Meru Hospice walk organised

by Meru hospice took place in Makutano township while a

tree planting exercise was organised by Village Trust and local

sel help groups with support rom their MP, Hon. Dr. Kilemi

Mwiria. The two branches had donated over 1,000 trees in this

event.

Sta at Marsabit Branch recently donated ood to orphaned

children o Mama Fatima childrens home. The branch team

leader, Benson Kinyua told the children at the home that

they too had a chance to rise above their challenges and live

normal lives i they embraced a positive attitude in lie and

put eort in their studies. The Marsabit sta raised the unds

to buy the children ood, play items and rereshments. They

spent the better part o their visit playing with the children.

Ngara branch sta recently visited the Children o Rescue Dada home

in Ngara where they donated oodstu and other items or the needy

children. The home rescues children rom the streets and rehabilitates

them or at least one year as their parents are sought or a re-union.

Deborah Wairuri, an

orphan rom Nyeri is aproud beneciary o an

education scholarship

courtesy o Nyeri Branch

sta. Deborah did well

in the 2008 KCPE exams

but she could not raise

the ees needed or her

to join secondary school

opting or employment

at a Nyeri hotel. Nyeri

Branch sta came to her

rescue and raised unds

or her school ees.

The Westlands Branch sta recently came together in a sign o am-

ily unity in support o one o their sta, Samuel Nyaga whose baby

needed specialized medical attention abroad. The team, led by their

team leader Mary Mugwanja organized or a unds drive and appealed

to the Equity amily to lend a helping hand to send baby Felix Munyi

or treatment. The unds drive was a resounding success largely due

to the teamwork exhibited and benevolence o the Equity Bank am-

ily. Speaking at the unction, the Branch team leader Mary Mugwanja

said, On behal o the Westlands amily, we extend our thanks to all

who supported us in prayers, encouragement and unds. Teamwork,

colleagues is truly made o this. God bless Equity Bank, sta, amilies,

and riends or the invaluable support

NEWS BRIEFS

HEAD OFFICE

Kapenguria nances a

school bus and donates

blankets to Ortum High

SchoolOrtum high school is proudly riding in a new school

bus, thanks to nance extended by Kapenguria

Branch. Ululations rom students, parents, teachers

and the entire Ortum community rend the air as the

Kapenguria branch Team Leader, Joel Sawe handed

over the bus to the school management. Ortum boys

Principal Simon Kitalel Kachapin was ull o praise or

the Bank or supporting the school citing Equitys -

nancing o the brand new bus and previously donat-

ing blankets to students aected by a re that razed

down a boys dormitory earlier in the year. Speaking

during the unction, area MP Hon.Wilson Litole

and his Kapenguria counterpart Hon. Julius Mur-

gor urged the Pokot community to optimize on the

presence o Equity Bank to support their economic

activities.

Luanda team visit local

school or the deaIn June 2010, Luanda Branch Sta paid a surprise

visit to Ebukuya School or the dea which is home

to over 100 dea students. The sta delighted the

students with donation o ood stu, and also spent

the aternoon bonding with them through various

games. The School management thanked the Luanda

Branch team or putting a smile on the ace o thestudents.

Former Speaker lauds

Equity BankFormer Speaker o the National Assembly, Hon

Francis Ole Kaparo has challenged corporate orga-

nizations to invest in programmes and activities that

support the youth. Kaparo, who is the Chie Scout

o the Kenya Scout Association (KSA) made the re-

marks upon receiving Kshs 1Million rom Equity

Bank CEO Dr. James Mwangi in support o the 13th

World Scout Moot. The Bank also helped KSA to ob-

tain ree computers and internet connection to easecommunication by the 1,500 scouts participating in

the Moot. Said Kaparo, supporting young people is

taking corporate social responsibility seriously. It is

investing in the uture o our country. The Moot was

being held in Arica or the rst time.

Mr Jimton Magiri Team Leader, Meru Makutano branchinspects the trees. (Inset) Mr Collins Mukangu, TeamLeader, Meru branch gives a speech.

The contribution rom the CEO Dr. James Mwangi was pre-sented to baby Felixs parents, Mr and Mrs Samue Nyaga by

Rodgers Mungumi, HR Manager (extreme right) and MaryMugwanja (second let)

MARSABIT

NYERI

NGARA

HIGHLIGHTS


7/8

EQUITYNEWS 7

SOUTHERN SUDAN NEWS

UGANDA NEWS

Its now a year since Equity Bank opened

its rst branch in the Southern Sudanese

capital o Juba. Equitys presence in

Southern Sudan has continued to grow

with the opening o the second branch

in Juba at Hai Malakal and another in

Yei. Hai Malakal is on the busy road that serves

the bustling Konyo Konyo market in the city.

Yei is a transit town connecting Western Equa-

torial, Western Bahr El Gazel, Lake, Unity and

Warrap States to the other states o Southern

Sudan.

Only 50,000 people out o a population o 12

million people are banked in the South with ma-

jority o them in Juba. Southern Sudan consists

o ten states which were ormerly parts o three

historic provinces o Bahr el Ghazal, Equatoria,

and Upper Nile.

In August 2010, Dr. Mwangi was in Uganda

to address The All Arica Bishops Conerence

that brought together 400 Bishops rom A-

rica, Americas, Europe, Middle East and South

Asia. The theme o the Conerence was Se-

curing Our Future: Unlocking Our Potential.

It was organized by the Council o Anglican

Provinces o Arica and hosted by the Prov-

ince o the Church o Uganda. Dr. Mwangi

was invited by His Grace Henry Luke Orombi,

the Arch-Bishop o the Province o Uganda

through Equity Bank Uganda ltd which has

established a strong working relationship

with the Church. In March 2010, the Anglican

Church o Uganda and Equity Bank entered a

Memorandum o Understanding (MoU) that

enables the Church, its aliate Churches, its

sta, members o the Church, and any other

aliated organizations including universities,

schools, health centers and building projects

run or owned by the church to access aord-

able, and convenient services rom Equity

Ater months o preparation, 5th December

2010 dubbed Yellow Sunday saw 70 sta

members o Equity Bank Uganda put on their

running shoes to join thousands in the MTN

Marathon. The biggest annual sports event at-

tracted many companies or a charity run un-

der MTNs Corporate Social Responsibility. This

year round, Equity Bank Uganda proudly took

part in the marathon or the rst time.

In December 2010 the Ugandan Invest-

ment Authority recognized Equity Bank

Uganda Limited as the Best Employer o

the Year and awarded a certicate in rec-

ognition o the valuable contributions to

the economic development o Uganda.

Equity Southern Sudan GrowsBranches in Juba, Hai Malakal and Yei

Bank Partners with the AnglicanChurch in Uganda

Running or a courseEquity Recognizedas Best Employer

The headquarters o Equity Bank Southern Sudan in Juba

EQUITY BANK UGANDA LTD Plot 390 Muteesa1 Road, Katwe P.O. Box 10184

Kampala Tel: +256 414 531377, Fax: +256 312 262436Email: [email protected]

EQUITY BANK SUDAN LTD Plot 7, Block GIV Juba Town

P.O. Box 349 Juba Town, Southern Sudan Tel: +249 955536132, +256 477356000Email: [email protected]

REGIONAL NEWS

Hai Malakal

Yei

NEW BRANCHESEquity Bank Kenya

branch network has

ncreased with the

opening o additional

branches in the course

o 2010. These include

Kibera and Kasarani

n Nairobi, Kengeleni,

Changamwe and

Mtwapa in Mombasa,

Kenyatta University,

Bomet, Migori and

Nyeri Kimathi Way

branch.

Equity Bank was part

sponsor o the 2010

World Heart Day held

n Nairobi. The event

brought together

5,000 school children

and teachers mainly

rom Nairobi or the

un day and und raiser

or this noble cause.

Community branch

championed the event.

Equity Bank Supports World Heart Day

Kibera Branch


8/8

EQUITYNEWS8

IN THE MEDIA

Equity News Issue1

Documents

Transcript of Equity News Issue1