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Equity Bank lands international award

Equity Group has been feted by International Finance Corporation (IFC) and Global SME Finance Awards 2022 for being the best financier for women entrepreneurs.

The Group has also been named the silver winner for Financier of the Year-Africa under the category of Product Innovation of the Year.

The Equity Group Chief Executive James Mwangi said the group will continue supporting SMEs to help them fully recover from the effects of the Covid pandemic.

“The recognition by the IFC and the Global SME Finance Awards is timely and humbling. Equity Group remains committed in its efforts to champion the building back better post the Covid-19 pandemic,” said Dr Mwangi.

On the other hand, he noted the group had rolled out a private sector-focused stimulus package to accelerate the recovery and resilience of the region through a Sh700 billion funding dubbed ‘Africa Recovery and Resilience Plan’.

“We intend to reach 5 million MSMEs and 25 million individual borrowers over the next 5 years including women and youth-owned businesses,” added Dr Mwangi.

On the other hand, Matthew Gamser, Chief Executive of the SME Finance Forum at Equity said the bank will continue to support entrepreneurs, especially women.

“We have more countries, with more financial products and approaches than ever before. It was a tall order for the almost 100 judges, whom we thank profusely for their expert, informed, and unbiased judgment about who merited recognition,” said Mr Gamser.

The Global SME Finance Awards which were held in Cambodia celebrated the outstanding achievements of financial institutions and fintech companies in delivering exceptional products and services to their SME clients.

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