Equity Commits To Support SMEs As They Scale Up Into Regional Markets
KEY POINTS
“Our biggest pride as equity is solving Africa’s problems and we want you to be part of the journey of finding solutions for Africa by striving to grow. If you remain small you will solve only an immediate need. If you scale up, you will solve long-term needs. As a bank we will walk with you to ensure you truly scale up,” he said.
Small and medium enterprises businesspeople have been encouraged to scale up their business beyond their current geographical territory to the rest of the country and region.
The call was made by Equity Bank Kenya Acting Managing Director, Moses Nyabanda when he met over 300 SME customers in Thika for a daylong networking forum.
“Equity has conducted 20 trade missions to the Democratic Republic of Congo, whose market is insatiable for most goods and services that you are involved in. You can change the narrative of our development by joining us to invest in the region to scale up your business,” he said, imploring the businesspeople to emulate Equity and be part of the wealth creation agenda for Africa.
Illustrating why the Africa Recovery and Resilience Plan was drawn with micro small and medium enterprises (MSMEs) in mind, Nyabanda said Africa’s biggest problem is unemployment.
“Our biggest pride as equity is solving Africa’s problems and we want you to be part of the journey of finding solutions for Africa by striving to grow. If you remain small you will solve only an immediate need. If you scale up, you will solve long-term needs. As a bank we will walk with you to ensure you truly scale up,” he said.
Read Also: The Rise Of Moses Nyabanda: A New Era For Equity Bank Kenya
Equity Bank Kenya Associate Director of Public Sector and Institutional Banking, Ambassador Mary Mugwanja, assured the customers that there is sufficient financing available for the business community and encouraged the customers to borrow to scale up their businesses.
“Kuna pesa nyingi (there is a lot of money). We have given you the information that will guide your decision-making to scale up your businesses and even diversify,” she said, alluding to several presentations made by different department heads addressing payments, food and agriculture, insurance, trade and finance, and more.
Amb. Mugwanja further asked the customers to consult Equity for advice on how to achieve their business strategies. “Under the social pillar we will take your financial literacy, coach you, and help you to draw your business succession plans,” she noted.
Nyabanda and his entourage visited two customers at their business locations within Thika town. He met James Gituku, a director at Fairnuts Limited, who took him on a tour of the macadamia sorting and packaging factory. While at Kenblest, the MD had a discussion with the trio leadership of Jinit Shah, Anju Shah, and Vikesh Shah, on future partnership prospects over a cup of tea and a taste of bread produced at the 6,000 loaves of bread an hour bakery.
Read Also: Equity Bank Voted As The Most Admired Brand In Africa
About Soko Directory Team
Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory
- January 2024 (238)
- February 2024 (227)
- March 2024 (190)
- April 2024 (133)
- May 2024 (157)
- June 2024 (145)
- July 2024 (136)
- August 2024 (154)
- September 2024 (212)
- October 2024 (255)
- November 2024 (22)
- January 2023 (182)
- February 2023 (203)
- March 2023 (322)
- April 2023 (298)
- May 2023 (268)
- June 2023 (214)
- July 2023 (212)
- August 2023 (257)
- September 2023 (237)
- October 2023 (264)
- November 2023 (286)
- December 2023 (177)
- January 2022 (293)
- February 2022 (329)
- March 2022 (358)
- April 2022 (292)
- May 2022 (271)
- June 2022 (232)
- July 2022 (278)
- August 2022 (253)
- September 2022 (246)
- October 2022 (196)
- November 2022 (232)
- December 2022 (167)
- January 2021 (182)
- February 2021 (227)
- March 2021 (325)
- April 2021 (259)
- May 2021 (285)
- June 2021 (272)
- July 2021 (277)
- August 2021 (232)
- September 2021 (271)
- October 2021 (305)
- November 2021 (364)
- December 2021 (249)
- January 2020 (272)
- February 2020 (310)
- March 2020 (390)
- April 2020 (321)
- May 2020 (335)
- June 2020 (327)
- July 2020 (333)
- August 2020 (276)
- September 2020 (214)
- October 2020 (233)
- November 2020 (242)
- December 2020 (187)
- January 2019 (251)
- February 2019 (215)
- March 2019 (283)
- April 2019 (254)
- May 2019 (269)
- June 2019 (249)
- July 2019 (335)
- August 2019 (293)
- September 2019 (306)
- October 2019 (313)
- November 2019 (362)
- December 2019 (318)
- January 2018 (291)
- February 2018 (213)
- March 2018 (275)
- April 2018 (223)
- May 2018 (235)
- June 2018 (176)
- July 2018 (256)
- August 2018 (247)
- September 2018 (255)
- October 2018 (282)
- November 2018 (282)
- December 2018 (184)
- January 2017 (183)
- February 2017 (194)
- March 2017 (207)
- April 2017 (104)
- May 2017 (169)
- June 2017 (205)
- July 2017 (189)
- August 2017 (195)
- September 2017 (186)
- October 2017 (235)
- November 2017 (253)
- December 2017 (266)
- January 2016 (164)
- February 2016 (165)
- March 2016 (189)
- April 2016 (143)
- May 2016 (245)
- June 2016 (182)
- July 2016 (271)
- August 2016 (247)
- September 2016 (233)
- October 2016 (191)
- November 2016 (243)
- December 2016 (153)
- January 2015 (1)
- February 2015 (4)
- March 2015 (164)
- April 2015 (107)
- May 2015 (116)
- June 2015 (119)
- July 2015 (145)
- August 2015 (157)
- September 2015 (186)
- October 2015 (169)
- November 2015 (173)
- December 2015 (205)
- March 2014 (2)
- March 2013 (10)
- June 2013 (1)
- March 2012 (7)
- April 2012 (15)
- May 2012 (1)
- July 2012 (1)
- August 2012 (4)
- October 2012 (2)
- November 2012 (2)
- December 2012 (1)