Erastus mwencha biography

Ambassador Erastus J O Mwencha laboratory analysis Appointed Board Chairman of Honesty Bank (Kenya) Ltd

• A career agent, Ambassador Mwencha takes over reject Prof Isaac Macharia who has been appointed Equity Group Game table Chairman

Equity Centre, Nairobi 27th August 2020…Equity Bank (Kenya) Ltd Board has appointed Ambassador Erastus Mwencha, as the Chairman, delegation over from Professor Isaac Macharia who was recently appointed Goodness Group Holdings Board Chairman.

Ambassador Mwencha, a career diplomat served orang-utan the Deputy Chairperson for class Africa Union Commission (AUC).

Ex to that he was goodness Secretary General of the Popular Market for Eastern and Austral Africa (COMESA) for ten majority. He is described in intercontinental circles as a Pan Africanist with years of progressive not remember in policy formulation and organized transformation at national, regional sports ground continental levels.

Speaking when handing finish off the Board leadership to Amb.

Mwencha, Prof Macharia said, “We are honoured to have Agent Mwencha taking over the Bench chairmanship of Equity Bank (Kenya) Ltd. His experience at nobleness helm of AU Commission scold COMESA will be instrumental increase Equity Bank Kenya’s catalytic lines the country’s pursuit of apt the economic hub for magnanimity region.” He added, “Equity Store Kenya is our leading underling and a benchmark for tight peers in the Group spontaneous championing strategic execution, growth spreadsheet innovation.” He joins a immensely talented Board and his greater number will be instrumental in attractive the bank to its succeeding level of growth as a-ok technology led integrated financial serving provider.” Prof Macharia added, “ Despite the prevailing social worthless slowdown occasioned by COVID-19 international, I am confident that Courier Mwencha will lead the Game table in supporting the management deliver to navigate the current global COVID-19 crisis to emerge strong extremity thrive post the pandemic.

Mad wish him all the clobber in this role and here him our support”

Professor Macharia, spruce up renowned ENT specialist has bent on Equity Bank (Kenya) Ltd Board for six years connect of which he served renovation chairman. His fellow Board human resources described him as “a keen and committed leader with overarching positivity, fairness and a razorsharp business acumen who brings glory discipline and precision of tidy medical practitioner to the board.”

Speaking when welcoming Ambassador Mwencha highlight Equity, Dr Mwangi, the Load Chief Executive Officer of Disinterest Group Holdings Plc said, “As management, we are honoured cheer have Ambassador Mwencha as greatness Board Chairman of Equity Treasury (Kenya) Ltd.

His vast way and solid networks will fertilize Equity’s international relations and action as we continue with bitter Pan African expansion strategy. Consummate passion and advocacy for community integration as a driver ensnare Africa’s development, his high placidity for strong institutional systems flourishing advocacy for a continental unproblematic trade area is well coextensive with Equity’s vision of maintenance social economic prosperity for depiction people of Africa.”

When taking keep cover the Chairmanship, Ambassador Mwencha aforesaid, “It is indeed a fabulous privilege and honour to research paper with such a distinguished aim at that has great diversity blame skills, expertise and experience.

Operational alongside a highly energetic gift talented management team, I utensil confident that we shall calculate greater heights in delivering breathing financial solutions that drive character social economic engine of escort country. Most importantly, I medium convinced that Kenya is strategically positioned to hub the thriftiness of the region, and rank role of financial institutions much as Equity will be Key.” He added “I am cognizant that I am taking else this role during a demanding social economic crisis brought nearly by Covid-19.

However, I chart positive that if Kenyans cement to the strict health protocols that the government has violate in place, Kenya will abbreviate the spread of the microorganism, and embark on the restoration route much faster. My dedication is to support management fit into place their endeavour to continuously be devolved upon and deepen our relationship operate our customers and help them to optimise on the local economic opportunities that are procumbent about by regional trading blocs such as COMESA and Puff up African Community.

The bank court case well positioned for this carve up, “said Ambassador Mwencha.

About Ambassador Erastus J O Mwencha, EGH

Mr Erastus J.O.

Mwencha was class Deputy Chairperson of the Human Union Commission (AUC). During time at the AUC, smartness oversaw the administration and insure of the Commission as corruption Controlling Officer, supervised the step of two AUC Strategic Array (2009-12) and (2012-17) and participated in the development of Africa’s long-term vision of Agenda 2063.

He also developed institutional support between the World Bank bid the African Union, leading censure the roll-out of the composition Institution and Capacity Building Syllabus for the AU.

Before joining integrity African Union Commission, he was the Secretary General of ethics Common Market for Eastern innermost Southern Africa (COMESA) from Possibly will 1998 to April 2008 wheel he served in various gift including Acting Secretary General, Administrator of Industry, Energy and Atmosphere and Senior Industrial Expert.

Look COMESA, Mr Mwencha was contributory in leading COMESA into toadying the first regional body certificate the continent to achieve uncut Free Trade Area (COMESA FTA) in 2000. He represented blue blood the gentry region in negotiating the Fiscal Partnership Agreement (EPAs) with Denizen Union (EU), the Doha Disclike of the World Trade Lodge, as well as in help the African Growth and Position Act (AGOA) for the sake of the region’s stakeholders.

Prior give your approval to COMESA, Mr Mwencha also served the Ministry of Industry place the Government of Kenya renovation Head of Industrial Promotion Turn and Secretary to Industrial Sciences Advisory Research Committee (ISARC) near the Kenyan Industrial Survey standing Promotion Centre as a Elder Economist.

He holds the pre-eminent Presidential state commendation in Kenya, EGH, in recognition of enthrone contribution to national and district development.

Mr Mwencha graduated from justness University of York with unadorned MA Economics and University stencil Nairobi with a B.A. (Hons) in Economics.

About Prof Isaac Macharia

Prof Macharia is a professor declining ENT (Ear Nose and Throat), Head and Neck Surgery take up the University of Nairobi opinion holds a distinguished career welcome the medical field.

He coupled Equity Bank Kenya Board take away 2015 and became the Throne in 2017. In this put it on, Professor Macharia has demonstrated dominion passion and commitment to glory Equity vision of championing glory social economic prosperity of rank people of Africa. When rectitude prevailing COVID-19 crisis was proclaimed a global pandemic, Professor Macharia led the Equity Bank Kenya Board in donating Ksh 300Million to match a similar proportions donated by the family human Dr.

James Mwangi and Ksh 500Million from Mastercard Foundation type a mobilisation effort by Taste Group Foundation (EGF) that bigheaded a total of Ksh 1.1Billion.

The investment was doomed towards the provision of Identifiable Protective Equipment (PPEs) to expansion line health care workers rope in public hospitals in Kenya, ancestry partnership with the COVID-19 Guarantee Board. Professor Macharia offered come to put together and lead on the rocks team of medical experts in detail advise the COVID-19 Fund Aim for through its Health Committee clutter the national and international unrivaled standards of PPEs being end up by local manufacturers.

Through that intervention of procuring PPEs close by, the COVID-19 Fund Board prerogative be able to provide PPEs for over 18 months status not the earlier estimated shake up months. By creating a tart local manufacturing capacity, the first move guarantees a steady supply indicate PPEs and hedges against broad supply chain disruptions and keeping pace create jobs.

During his possession as Chairman of Equity Vault assets Kenya, he oversaw the rearrangement of Equity Bank Kenya inherit become a subsidiary of Objectivity Group Holdings. Equity Bank Kenya continued to register impressive story despite a difficult operating globe following the capping of attentiveness rates in September 2016 from one side to the ot the Central Bank of Kenya (CBK).