Equity Bank is a financial services provider headquartered in Nairobi, Kenya. The bank provides its services to individuals, small and medium sized enterprises and operates in six geographical markets: Kenya, Uganda, South Sudan, Rwanda, Tanzania, and Democratic Republic of Congo. With over 10 million customers, Equity Bank has more customers than any other bank in Africa.
Equity Bank’s focus is the promotion of agriculture across East Africa in order to reduce food insecurity. Through various partnerships with farmers and other stakeholders, the bank has worked with close to 500,000 smallholder farmers, moving them from subsistence to commercial farming through financial assistance. In addition to its agricultural growth focus, Equity Bank also places an emphasis on bringing banking services – including deposits, money transfers, remittance processing, and loans – to populations that have not previously been able to access bank facilities. Equity Bank’s vision of championing socio-economic prosperity for the people of Africa has allowed the bank to create and offer innovative and affordable products and services that are appropriate for its cliental. The bank continues to invest in social and impact investments, too. The Equity Group Foundation, serving as the non-profit, social impact arm of the company, delivers social development programs across seven strategic areas: Education and Leadership Development, Financial Inclusion and Literacy, Innovation, Entrepreneurship, Agriculture, Health, and Environment.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.