Companies
Equity CEO to head Nairobi Commonwealth-backed trade body
Thursday February 23 2023
Equity Group Managing Director and CEO Dr James Mwangi on November 22, 2022. PHOTO | DIANA NGILA | NMG
Equity Group CEO James Mwangi has been picked to head Commonwealth’s official business networking organisation that opened its regional office in Nairobi on Thursday.
The Commonwealth Enterprise and Investment Council (CWEIC) chairperson, Lord Jonathan Peter Marland, said Mr Mwangi would chair the council’s East and Central Africa hub that would be used to grow trade and investments.
Read: Mwangi to retire from Equity Bank after 2032
The CWEIC said Equity would be its anchor partner in supporting East and Central Africa businesses seeking access to export markets for their goods and services.
“We look forward to tapping into Equity Group’s extensive network within the region and the expertise of its leadership through Dr Mwangi to build connections and partnerships for the business community from the Commonwealth member nations within the local markets,” said Mr Marland.
The agency has been keen on supporting opportunities in areas such as food security, climate change and technology.
Mr Marland said part of the specific focus in Kenya would be in supporting agri-tech to improve food security.
“CWEIC is an important partner for Equity Group as by working together we can accelerate the growth of the region through tapping into its key strengths, particularly in its natural resources,” said Mr Mwangi.
The council usually organises Commonwealth Business Forums and has also now started Commonwealth legal network to support businesses address challenges faced when accessing export markets.
Read: Equity nets Sh33 billion to September
Nairobi becomes the fourth hub for CWEIC in the African continent after Accra (Ghana), Lagos (Nigeria) and Douala (Cameroon).
