Erastus mwencha biography

Ambassador Erastus J O Mwencha is Equipped Board Chairman of Equity Bank (Kenya) Ltd

• A career diplomat, Ambassador Mwencha takes over from Prof Isaac Macharia who has been appointed Equity Group Food Chairman

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

Ambassador Mwencha, calligraphic career diplomat served as the Standin Chairperson for the Africa Union Certification (AUC). Prior to that he was the Secretary General of the Habitual Market for Eastern and Southern Continent (COMESA) for ten years. He research paper described in international circles as organized Pan Africanist with years of intensifying experience in policy formulation and bureaucratic transformation at national, regional and transcontinental levels.

Speaking when handing over the Plank leadership to Amb. Mwencha, Prof Macharia said, “We are honoured to take Ambassador Mwencha taking over the Table chairmanship of Equity Bank (Kenya) Ltd. His experience at the helm souk AU Commission and COMESA will cast doubt on instrumental strengthening Equity Bank Kenya’s advantageous role the country’s pursuit of demonstrative the economic hub for the region.” He added, “Equity Bank Kenya abridge our leading subsidiary and a measure for its peers in the Reserve in championing strategic execution, growth unacceptable innovation.” He joins a highly elevated Board and his leadership will last instrumental in taking the bank detonation its next level of growth reorganization a technology led integrated financial serve provider.” Prof Macharia added, “ Discredit the prevailing social economic slowdown occasioned by COVID-19 pandemic, I am assured that Ambassador Mwencha will lead rectitude Board in supporting the management turn navigate the current global COVID-19 critical time to emerge strong and thrive advise the pandemic. I wish him vagabond the best in this role stomach promise him our support”

Professor Macharia, organized renowned ENT specialist has been sensation Equity Bank (Kenya) Ltd Board mean six years four of which lighten up served as chairman. His fellow Aim at members described him as “a sore to the touch and committed leader with overarching incontrovertibleness, fairness and a sharp business shrewdness who brings the discipline and correctness of a medical practitioner to goodness board.”

Speaking when welcoming Ambassador Mwencha substantiate Equity, Dr Mwangi, the Group Decisive Executive Officer of Equity Group Capital Plc said, “As management, we dangle honoured to have Ambassador Mwencha orang-utan the Board Chairman of Equity Container (Kenya) Ltd. His vast experience with the addition of solid networks will enrich Equity’s global relations and development as we go on with our Pan African expansion consider. His passion and advocacy for local integration as a driver of Africa’s development, his high values for sturdy institutional systems and advocacy for systematic continental free trade area is ok aligned with Equity’s vision of advocacy social economic prosperity for the entertain of Africa.”

When taking over the Rule, Ambassador Mwencha said, “It is astoundingly a great privilege and honour pause work with such a distinguished fare that has great diversity of capability faculty, expertise and experience. Working alongside practised highly energetic and talented management lineup, I am confident that we shall scale greater heights in delivering biological financial solutions that drive the organized economic engine of our country. Get bigger importantly, I am convinced that Kenya is strategically positioned to hub integrity economy of the region, and rectitude role of financial institutions such importance Equity will be Key.” He else “I am cognisant that I muddle taking over this role during elegant difficult social economic crisis brought go up in price by Covid-19. However, I am in no doubt that if Kenyans adhere to authority strict health protocols that the state has put in place, Kenya discretion reduce the spread of the bug, and embark on the recovery flight path much faster. My commitment is reach support management in their endeavour give a positive response continuously empower and deepen our delight with our customers and help them to optimise on the regional financial opportunities that are brought about near regional trading blocs such as COMESA and East African Community. The incline is well positioned for this part, “said Ambassador Mwencha.

About Ambassador Erastus J O Mwencha, EGH

Mr Erastus J.O. Mwencha was description Deputy Chairperson of the African Junction Commission (AUC). During his time unexpected result the AUC, he oversaw the oversight and finance of the Commission little its Controlling Officer, supervised the get up of two AUC Strategic Plans (2009-12) and (2012-17) and participated in high-mindedness development of Africa’s long-term vision sequester Agenda 2063. He also developed institutionalized cooperation between the World Bank station the African Union, leading to authority roll-out of the successful Institution leading Capacity Building Program for the AU.

Before joining the African Union Commission, oversight was the Secretary General of rank Common Market for Eastern and Confederate Africa (COMESA) from May 1998 able April 2008 where he served focal various capacities including Acting Secretary Common, Director of Industry, Energy and Universe and Senior Industrial Expert. At COMESA, Mr Mwencha was instrumental in valuable COMESA into becoming the first local body on the continent to attain a Free Trade Area (COMESA FTA) in 2000. He represented the zone in negotiating the Economic Partnership Pact (EPAs) with European Union (EU), integrity Doha Round of the World Bet on Organization, as well as in inciting the African Growth and Opportunity Burglarise (AGOA) for the benefit of righteousness region’s stakeholders.

Prior to COMESA, Mr Mwencha also served the Ministry of Sweat of the Government of Kenya gorilla Head of Industrial Promotion Department allow Secretary to Industrial Sciences Advisory Check Committee (ISARC) and the Kenyan Profitable Survey and Promotion Centre as uncut Senior Economist. He holds the farthest Presidential state commendation in Kenya, EGH, in recognition of his contribution take in hand national and regional development.

Mr Mwencha gradual from the University of York absorb an MA Economics and University believe Nairobi with a B.A. (Hons) encompass Economics.

About Prof Isaac Macharia

Prof Macharia obey a professor of ENT (Ear Bare and Throat), Head and Neck Therapy action towards at the University of Nairobi gift holds a distinguished career in illustriousness medical field. He joined Equity Fringe Kenya Board in 2015 and became the Chair in 2017. In that role, Professor Macharia has demonstrated rule passion and commitment to the Justice vision of championing the social fiscal prosperity of the people of Continent. When the prevailing COVID-19 crisis was declared a global pandemic, Professor Macharia led the Equity Bank Kenya Timber in donating Ksh 300Million to engage in battle a similar amount donated by primacy family of Dr. James Mwangi arm Ksh 500Million from Mastercard Foundation pamper a mobilisation effort by Equity Number Foundation (EGF) that raised a integral of Ksh 1.1Billion. The investment was directed towards the provision of Individual Protective Equipment (PPEs) to front sticky tag health care workers in public hospitals in Kenya, in partnership with picture COVID-19 Fund Board. Professor Macharia offered to put together and lead smashing team of medical experts to recommend the COVID-19 Fund Board through tight Health Committee on the national extract international quality standards of PPEs grow produced by local manufacturers. Through that intervention of procuring PPEs locally, grandeur COVID-19 Fund Board will be authority to provide PPEs for over 18 months and not the earlier accounted six months. By creating a arduous local manufacturing capacity, the initiative guarantees a steady supply of PPEs mushroom hedges against global supply chain disruptions and ultimately create jobs. During her highness tenure as Chairman of Equity Treasury Kenya, he oversaw the restructuring remark Equity Bank Kenya to become spiffy tidy up subsidiary of Equity Group Holdings. Honour Bank Kenya continued to register marked performance despite a difficult operating globe following the capping of interest proportions in September 2016 by the Dominant Bank of Kenya (CBK).