James Mwangi of Kenya’s Equity Bank named Ernst & Young World Entrepreneur Of The Year 2012
Posted on
Jun 10, 2012
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Dr. James Mwangi, CEO and Managing Director of Kenya’s Equity Bank Limited was today named the Ernst & Young World Entrepreneur Of The Year 2012 at an awards ceremony held in Monte Carlo’s Salle des Etoiles. James was picked from among the 59 country finalists vying for the title across 51 countries, each of whom had already been named the Ernst & Young World Entrepreneur Award in their home country.
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| Equity Bank Group Managing Director Dr James Mwangi |
Equity Bank is the largest bank by customer base in East and Central Africa and the largest African majority owned company in the region. The bank has more than seven million accounts representing over half of all bank accounts in Kenya. It also has operations in Uganda, South Sudan, Rwanda and Tanzania.
Ajen Sita, CEO for Africa at Ernst & Young says: “Dr Mwangi’s achievement is well deserved. His success into transforming Equity Bank into a publicly listed commercial bank and at the same time transforming the lives and livelihoods of people socially and economically is a remarkable African growth story which has been shared with the world today.”
In addition, Sita continues, we believe that Dr Mwangi’s prestigious global entrepreneur award will inspire other African entrepreneurs to willingly embrace risk and successfully build exceptional enterprises, which ultimately impact on our economies positively.”
Ruben Vardanian, President, Troika Dialog and Chair of the judging panel said, “Not only has James really transformed people’s lives across Africa by offering them access to funding that they have never had before, Equity Bank continues to grow quickly through a strong financial performance.”
“I’m honored to accept this award on behalf of the people and customers of Equity Bank”, said James. “This is a global recognition for Africans who are embracing the power of entrepreneurship to change the economic and social state of Africa.”
Maria Pinelli, Ernst & Young’s Global Vice Chair for Strategic Growth Markets said, “James has been pivotal in the transformation of Equity Bank into one of Africa’s brightest business success stories. His is truly an inspirational story of entrepreneurial spirit with an innovative business model that has the potential to be replicated globally.”
