Saturday, December 1, 2012

James Mwangi Clinches Forbes Africa 2012 Person of the Year

Equity Bank CEO, Dr James Mwangi has been named the 2012 Forbes Africa Person of the Year by Forbes Magazine. Dr Mwangi beat four other nominees to clinch the award during a ceremony held on Thursday night at the Porsche Centre in Lagos, Nigeria.

Dr Mwangi was honoured for playing a central role in making Equity Bank the largest bank in East and Central Africa, with over 70 million accounts in Kenya alone.

[] Dr. James Mwangi has transformed a liquidated micro-finance institution into one of the largest and profitable commercial banks in Africa. He has also driven the bank's aim to transform the lives and livelihoods of people socially and economically by giving them access to modern, inclusive financial services that maximize their opportunities.
Mwangi has been pivotal in the bank's investment in a robust IT platform that can accommodate 35 million accounts, as well as a level four data centre – the only one of its kind in Sub-Saharan Africa – giving Equity a lead in creating synergy and convergence between banking telecommunication thus paving way for mobile phone banking.
The other nominees included Nigeria’s Aliko Dangote (Africa's richest man), Joyce Banda (Malawi’s President), Tony Elumelu (Founder and Chairman of Heirs Holding), and Stephen Saad (Co-founder of the Aspen Pharmacare).

This year Mwangi has received the 2012 Ernst & Young Entrepreneur of the Year Award, 2012 AABLA Business Leader of Year, 2012 Africa's Innovation Leader of the Year among others.   

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