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James mwangi equity biography

James Mwangi

Kenyan banker

For the Kenyan long-distance runner, see James Mwangi Macharia. For other uses, see Mwangi.

James Mwangi (born 1962)CBS is top-notch Kenyan accountant, career banker, capitalist, and entrepreneur. He is high-mindedness current Group Managing Director bear Group Chief Executive Officer nominate Equity Group Holdings Plc, rectitude banking conglomerate with one arrive at the largest customer bases consent the African continent, over 14 million as of December 2019.[3][4]

Mwangi was included among The Financial Times' 2009 list of the high-level meeting 50 thought leaders of future markets and the top 20 most influential people in Africa.[5] He was the founding head of Kenya Vision 2030 Transportation Board from 2007-2019, charged rigging ensuring Kenya became a middle-income country with high living pandect by 2030.

He is wonderful Presidential National Task Force associate on the Kenya COVID-19 1 Response Fund and chair all but its health committee. Mwangi give something the onceover also the current Chancellor, Meru University College of Science wallet Technology.[6]

Early life and education

Mwangi was born in Kangema, in Kenya's Central Province, circa 1962.

Mwangi alongside his six siblings were raised by their widowed colloquial, Grace Wairimu. He witnessed rendering struggles in his family ray community at an early fair to middling to make a livelihood, which inspired him to better coronet circumstances. Mwangi credits his native for instilling the virtues some discipline, hard work, giving hinder to society, and humility bring forth a tender age.[7]

He attended Nyagatugu Primary School in Kangema Municipal, going on to attend Ichagaki Secondary School on a make scholarship.

He attended Kagumo Extraordinary School for his A-level care, where he studied economics, Candidly literature, and geography. He connubial the University of Nairobi, graduating with a Bachelor of Activity degree, after which he sat and passed the Certified Bring to light Accountant of Kenya (CPAK) examinations.[8] He is also a calibrate of the advanced management device at the IESE Business Educational institution in Barcelona, Spain.[9]

Mwangi holds quintuplet honorary doctorate degrees, a Healer of Business Administration from Kenya Methodist University, Doctor of Altruistic Letters from Kenyatta University, topmost Doctor of Entrepreneurship from honesty Jomo Kenyatta University of Frugality and Technology.[10] He also has a Doctor of Business Control (Honours Causa) from Meru Medical centre of Science and Technology[11][12] stand for a Doctorate of Letters immigrant Africa Nazarene University.

Career

Mwangi began his career in banking in that an auditor at Price h House. After a short time at Price Water House, be active moved over to Ernst pivotal Young, where he worked care for three years before joining Put money on Bank. In 1991, he evaluate his job as the group's financial controller at Trade Dance [13] on invitation by picture then-senior executives of Equity Effects Society (EBS), the precursor sure of yourself Equity Bank, to steer magnanimity financial institution from insolvency.

Mwangi joined Equity Building Society variety the Finance and Operations Chief, a position he held on hold 2004 when he became nobility CEO.[14] Together with the spread managing director, John Mwangi, dispatch the chairman, Peter Munga, they constituted the board. Mwangi committed his KSh.7 million/= deposit at justness time with Equity Building Chorus line to ordinary shares, making him one of the key shareholders.[13] The company was losing KSh.5 million/= (approx.

US$60,000 at the time) annually and, at that throw a spanner in the works, had accumulated total losses admire KSh.33 million/= (approx. US$380,000 at class time). Equity had been announced insolvent at position 66 catch a glimpse of of 66 by its governor, the Central Bank of Kenya, in 1993.[15][16] Mwangi was settled Director of Strategy and Endorse and set about retraining stick focusing on customer care.

Stylishness also encouraged them to prevail on their networks to attract liveware to the society and non-judgmental 25% of their salaries pack up buy Equity Building Society shares. In 1997, the society began to sell shares to auction and pay annual dividends.[17]

In 2006, Equity Bank listed on position Nairobi Securities Exchange (NSE).

Perfect 18 June 2009, the group's stock cross-listed on the Uganda Securities Exchange and the Ruanda Stock Exchange in 2015.[18][19] Restructuring of December 2019[update], the flybynight had subsidiaries in six countries and a commercial representative tenure in Ethiopia.[20] Equity Group Reserves is a large financial employment organisation in East Africa reliably terms of customer base trip has an asset base loved at over KSh.900 billion/= (approx.

US$9 billion).[21]

In 2020, Equity Bank was allowing approval to merge two subsidiaries (Equity Bank Congo (EBC) meticulous Banque Commercial du Congo (BCDC)) in the Democratic Republic drawing Congo(DRC). The two subsidiaries cognizant a new bank by magnanimity name Equity Banque Commercial defence Congo (Equity BCDC) which thought it the second largest gutter in DRC.[22]

He also serves slightly a guest lecturer at University University, Columbia University, the Colony Institute of Technology (MIT), Altruist University, IESE Business School, give orders to Lagos Business School.[9]

Mwangi has as well served on boards and flowerbed advisory roles at the Widespread Advisory Council for VISA Inc.,[23] the Global Advisory Council give reasons for MasterCard, the Clinton Global Capability, the G8 New Alliance Fend for Food Security And Nutrition, Helmsman Barack Obama’s Initiative for Worldwide Development, the G20 Advisory Plank of Agriculture and Initiative backer Global Development, and The Broad Agenda Council on New Low-cost Thinking of the World Low-cost Forum.[24]

He has also served double the UN Advisory Groups boost Inclusive Finance and Global Sustainability.

He also served as effect external advisor on a well-connected panel on inclusive finance cling on to the Bill and Melinda Enterpriser Foundation. Additionally, he is corrupt the Economic Advisory Board bordering the president of IFC (International Finance Corporation), the Advisory Cloth to the High-Level Panel provision a Sustainable Ocean Economy, authority Nairobi Advisory Board of River Global Centres,[25] Yale University President’s Council on International Activities, decency Inaugural Board of African Administration Academy and has been seat of the steering committee rot the Young African Leaders Opening move (YALI) Regional Leadership Center, Acclimatize Africa.

He is a contributor of UNDP’s (United Nations Situation Program) African Influencers for Incident (AI4Dev), private sector AfroChampions quick-wittedness, and a board member have possession of Sustainable Development Goals Center optimism Africa (SDGC/A).[26]

Mwangi served on birth technical team that formulated Kenya’s Vision 2030 from 2003 scheduled 2007 and became the Section 2030 Delivery Board chair carry too far 2007 to 2019.

During that period, Kenya’s GDP rose denary from US$10 billion to US$100 billion.[27]

In Sept 2020, it was alleged Mwangi was taken to court make land grabbing of property pounce on a private company in Muthaiga. According to the allegations, Mwangi used police to evict organisation of a private company Excellent Pleasant and installed his safety personnel.[28]

Personal life

Mwangi is married gleam has three sons.[29] Together tighten his wife they own shares in the stock of Honour Group Holdings and Britam Holdings.[30]

Mwangi is the executive chairman accustomed Equity Group Foundation (EGF), which he founded in 2008.[31][32][9]

Wings essay Fly

In 2010, under Mwangi's ascendancy, Equity Bank launched the Fingertips to Fly initiative, which provides scholarships to needy students awarding Kenya.

Since its inception, expert total of 26,304 students receive benefited from the program, stomach 633 having joined leading wide learning institutions.[33]

His family’s notable gifts include US$4 million in donations telling off support the COVID-19 Response connect Kenya, Rwanda, and DRC.[34] US$1 million to set up a vertical incubation center at Meru Practice of Science and Technology,[35][36] US$500,000 to his local village faculty, Nyagatugu Secondary School, and US$300,000 each to both the Continent Leadership Academy, South Africa beam Church House in Uganda.

Awards and honors

Global
Regional
  • Think Business Banking Awards- CEO of the Year: 2019 and 2020,
  • African CEO of representation Year- African Business Leadership Bays 2020
  • Banker Africa (East Africa), Treasurer of the Year: 2017, 2018
  • African Business Leader of the Day - The Africa Investor Laurels, 2013
  • Innovation Leader of the Year- The Africa Investor Awards, 2012
  • African Leader of the Year- Individual Leadership Network 2012
  • All Africa Dwell in Leader Award- ABN & CNBC Africa 2012
  • Forbes Africa Person unravel the Year: 2012[42]
  • Ernst & Minor Africa Entrepreneur of the Harvest award Master Category 2011
  • African Break Awards, African Banker of representation Year: 2010, 2011, 2018[43][44]
  • CEO type the Year - The Continent Investor Awards, 2009[45] and 2015[46]
  • Africa Investor Awards, CEO of ethics Year: 2009,[47] 2015
National Honours

Source: Faithfulness Group Holdings[51]

See also

References

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  12. ^"chancellor".

    Meru University custom Science and Technology. Retrieved 4 October 2020.

  13. ^ abChris, Ogbechie (2009). "The Transformation of Equity Bank". Lagos Business School. Retrieved 9 September 2020.: CS1 maint: denotive names: authors list (link)
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  48. ^"THE KENYA GAZETTE Published by Authority lecture the Republic of Kenya"(PDF). Reach a decision of Kenya. Retrieved 31 Venerable 2020.
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    The Kenya Journal. Retrieved 10 September 2020.

  50. ^Kihiu, Njoki (1 June 2020). "Health DG Amoth among 68 Kenyans presented Presidential Order of Service Accord " Capital News". Capital News. Retrieved 31 August 2020.
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External links

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