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Equity Group Holdings announces its Recovery and Resilience Plan

Equity Group has announced its strategic ‘Africa Recovery and Resilience Plan’, articulated in a three-part document, which is aimed at achieving social and economic transformation of Africa.

Speaking at the event held today at the Sarova Stanley Hotel in Nairobi, Equity Group Holdings Managing Director and Chief Executive Officer (CEO), Dr James Mwangi, disclosed that the strategy comprises five strategic pillars that will be operationalised through a collaborative and eco system-centric approach.

“The five pillars for the Strategic Plan are Food and Agriculture, Manufacturing and Logistics, Trade and Investment, Micro, Small, and Medium Enterprises (MSMEs), and Social and Environmental Transformation which will promote socio-economic prosperity for Africa,” Mwangi explained.

The CEO stated that the objectives of the plan are the inclusivity of 100 million households and banking of the entire value chain.

Additionally, according to Mwangi, the employment of 50 million people, where 25 million direct jobs will be created as business grows while 25 million indirect jobs will be created as value chains expand and deepen, will also form part of the set out objectives.

He added that Equity Group is launching a plan for like-minded people where they hope to make a difference to see Africa recover and thrive from what was lost during the Covid-19 pandemic.

“We gave a chance to 45 percent of our customers to make them feed for purpose after Covid-19 which we have noted a good survival rate,” said Mwangi.

Mwangi also noted that they have transformed their social contract with the society, adding that they are currently advancing from the benefits of confidence of the society in their enterprise.

At the same time, Equity Group Director of Strategic Partnership, Collaboration and Investor Relations, Brent Malahay, elaborated on corporate philosophy in what has become the social and economic plan of Equity Group Holdings.

“It is a plan and seed that speaks to bringing together both social and economic considerations in driving financial inclusion across businesses,” said Malahay.

He mentioned that the vision of the Recovery and Resilience Plan is around social and economic transformation.

“As Equity Group, you cannot have sustainable economic transformation without having the social consideration, that is why the seed we planted was aimed to industrialize Africa,” he said.

Meanwhile, Equity Group Director of Communication, Polycarp Igathe, said that the plan will transform the lives and livelihood of the community by creating opportunities for the young people.

He appealed to Equity Group to present liquidity to business people whenever they need it, adding that a partnership with local institutions through sharing data will promote innovation.

“The mandate of Equity Group is to work with their clients in delivering various services to all consumers,” Igathe stated.

By Manu Mumba and Daisy Makena

 

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