PRESS RELEASE: Equity Group Holdings confirms lead sponsorship of Commonwealth Business Forum ahead of Commonwealth Heads of Government Meeting | The new times

Kigali, June 15, 2022

Equity Group Holdings has confirmed its participation in the upcoming Commonwealth Heads of Government Meeting, Commonwealth Business Forum as an anchor partner with a three hundred thousand dollar ($300,000) sponsorship.

Through this partnership, Equity Group Holdings will participate in the Commonwealth Enterprise and Investment Council Business Forum, and Dr. James Mwangi, Group Managing Director and CEO and Senior Executive of Equity, as special guests of the Commonwealth Secretary General , the Honorable Patricia Scotland, at the head of the government meeting.

Dr. James Mwangi, Group Managing Director, will deliver 2 keynote speeches at the Commonwealth Business Forum and present the group’s “Recovery and Resilience Plan for Africa” ​​which aims to accelerate economic recovery and resilience in the region of East and Central Africa as it recovers. devastating health, social, humanitarian and economic effects of the COVID-19 pandemic.

The Regional Development Plan through Recovery and Resilience Initiatives focuses on six thematic areas:

Natural resource ecosystems in agriculture and extractive industries; Improved manufacturing and logistics.

Commercial and investment access to new markets, technologies, capital and skills; Connectivity of MSMEs in formal value chains; Capacity building for social and environmental transformation of value chain actors; and creating a technology-driven innovation-driven economy to bring businesses online.

The Commonwealth Business Forum will be held under the theme “Delivering a Common Future: Connect, Innovate, Transform” with a focus on “A Global Reset” and presents a platform for Equity Group Holdings to meet other business leaders around the world to chart a way forward for the resumption of global business.

Leaders of Commonwealth countries meet every two years for the Commonwealth Heads of Government Meeting (CHOGM), hosted by different member countries on a rotating basis.

This year’s Commonwealth Heads of Government Meeting will take place from June 20-25, 2022, in Kigali, Rwanda, with the host of His Excellency President Paul Kagame, who will bring together Heads of Government or their representatives from the 54 countries Commonwealth members.

Representing a third of the world, the Commonwealth is home to 2.6 billion people and includes both advanced and developing economies.

During the meeting, President Kagame will become current President of the Commonwealth, succeeding British Prime Minister Boris Johnson.

The Commonwealth Business Forum is the first major business event on the Commonwealth calendar and brings together heads of government, ministers and leading business leaders from around the world.

About Equity Group Holdings

Group of shares Holdings Plc. is a pan-African systemic financial services holding company listed on the Nairobi Stock Exchange, the Uganda Stock Exchange and the Rwanda Stock Exchange.

The Group has banking subsidiaries in Kenya, DRC, Rwanda, Uganda, Tanzania, South Sudan and a sales representative office in Ethiopia. It has other subsidiaries in investment banking, insurance, telecommunications, fintech and impact investing.

Equity Group is the largest financial services institution in the region with assets of Ksh 1.35 trillion ($13.5 billion). It is also the largest depository bank, with a market capitalization of $2 billion and a customer base of over 16.4 million customers.

The Group has 337 branches, 58,756 agents, 155,888 Pay with Equity (PWE) merchants, 34,941 POS merchants, 691 ATMs and wide adoption of digital and mobile banking channels. The Banker Top 1000 World Banks 2021 Index ranked Equity Bank 22nd in Africa and 761st overall in its global ranking, 149th in terms of strength (Capital Assets to Assets ratio), 71st in terms of Profits on Capital and 39th in Return on Assets.

Brand Finance 2022 ranked Equity Group as the 5th strongest banking brand in the world and 338 overall among the top 500 banking brands, with a brand strength index (BSI) of 90.8 and a AAA+ brand ranking score , the highest rating a brand can achieve .

The Banker’s Top 100 African Banks 2020 placed the Bank in 7th position overall among the top 10 banks in Africa, 5th place on soundness, 9th position on growth performance, 8th on risk return and 6th position in terms of profitability and leverage category.

For more information, visit Rwanda:

Melvin B. Baillie