Wanjikunomics: Kibaki's model that gave all a shot at a better life

Members of the Kitengela Riders New Vision Success Group, wait for customers at their Kitengela stage in Kajiado. [Peterson Githaiga, Standard]

In 2004, a year after Mwai Kibaki became President, Equity Building Society made the great leap of faith and converted into a commercial bank. 

The move saw the lender, which has its roots in Murang’a, take on multinational giants like Barclays Bank of Kenya (now Absa Kenya) and Standard Chartered.