Equity Bank CEO speaks on vying for Presidency

Equity Bank CEO Dr James Mwangi was on Monday asked whether he intends to venture into politics in the near future.

Speaking during an interview that was live on Facebook, Mwangi noted that he believes his calling is in the financial sector and he is meant to mentor young people.

He added that through his position he is able to impact more lives positively and he does not plan to change that anytime soon.

"My calling is changing lives by focusing on youth and empowering them to be better leaders.

“I seem to have a gift in the financial sector. I'd ask Kenyans to let me focus on what I do best and that way I can impact more lives," he said.

Adding: “There are many people who want to be Presidents…what we need to do is to empower them.”

When asked about his succession plan to ensure Equity Bank does not collapse after his exit, Dr Mwangi stated that he is coaching a young team which is in charge of the daily operations of the company.

"I'm just an advisor and a coach to the youthful leadership team under me who handle the other operations of the Equity Group," he remarked.

Last week, the Equity rebranded as it celebrated 35 years of existence and Mwangi noted that the move was aimed at continued market leadership.

“The evolution of our brand is an important part of our strategy for continued market leadership as well as being integral to the promise we made to all of our stakeholders when we began our journey of transformation to modernize and do all we can to get closer to and better serve our customers. 

“The refreshed brand identity reflects the future we envision, one which communicates our global capability, strong heritage, innovative culture and agile business model that will carry and give the brand momentum to scale its strengths across Africa and the world,” he said.