05/04/2017...Equity Bank is a recipient of the Humanitarian Resilience Impact Award at this year’s RES/CON 2017 Global Resilience Summit held in March in New Orleans, United States.
The Global Resilience Summit, also known as RES/CON, is the premier annual international conference on the practice of successful resilience and disaster management in an evolving global environment. The Resilience Impact Award recognizes businesses that have excelled in improving community welfare, innovation, advancing local and global economies and disaster management.
Equity Bank was recognized for the work the Bank does in creating resilience through capacity building, improving livelihoods, innovations in cash transfers for recipients in remote and harsh terrain areas, work in refugee camps in Kenya and Rwanda including Kakuma and Dadaab camps and for its leadership role and Chair of the East Africa Humanitarian Private Sector Partnership Platform (EA HPPP) which supports systematic long-term private sector, UN, NGO, Government and community partnerships to address impact of natural disasters and resilience building, long-term emergencies due to conflict and complex urban and out-of camp displacement situations (hppp.online)
While receiving the award, Equity Bank Director of Special Projects Allan Waititu noted that the Bank through its financial intermediation and social impact investments will continue to support its people in their social economic transformational journey.
Mr. Waititu was also one of the speakers who took part in a panel discussion where he made a presentation at the Thought Leadership Forum on “The Role of Private Sector in Reducing Disaster Risks and Building Resilience" through Equity Bank’s participation in Humanitarian/Resilience, Connecting Business Initiative (CBi) and, on the East Africa Humanitarian Private Sector Partnership Platform which is a local member network of the CBi.
The 3-day summit took place from 7- 9 March at the New Orleans Ernest N. Morial Convention Center with support from The Rockefeller Foundation, Zurich North America, Shell Global, the Walton Family Foundation, AECOM, Walmart and several additional sponsors.RES/CON attracts disaster-management and resilience-building practitioners and experts from around the globe and across the public, private and NGO sectors.
In an effort to extend financial services and aid to the most marginalized regions, Equity Bank has embarked on a range of special projects such as:
- The Hunger Safety Net Programme (HSNP) which is a cash transfer programme under the Kenya government’s National Safety Net Programme (NSNP) that is designed for the extremely poor in the counties of Turkana, Marsabit, Wajir and Mandera. The programme provides regular and emergency cash transfers to households severely affected by drought. It is funded by the Government of Kenya, the UK Department for International Development (DFID) and Australian Aid. Equity Bank’s role is to disburse cash to vulnerable families in the most remote parts of the region using modern technology and a distribution capability using smart bank agents and branches. The Bank uses GPRS as well as VSAT technology to ensure the affected are reached and cash is circulated. Equity Bank’s payment system in HSNP has proven to be effective, efficient and transparent.
- Equity Bank has also partnered with The Government of Kenya, the International Fund for Agricultural Development (IFAD) and the European Union (EU) to finance a new programme that will support smallholder farmers in the East African country to increase productivity and profitability
- Orphans and Vulnerable Children Project (CT-OVC) - this is a partnership between the World Bank and the Kenyan Government to provide bi-monthly cash transfers to orphaned and vulnerable households in 47 Counties in Kenya using state-of-the-art biometric technology supported Smart Cards and a network of Agents with points-of-sale terminals. The smart card holds biometric details of the caregiver and an appointed secondary recipient where necessary.
- Equity Bank has used biometric technology to enable disbursement of the cash transfers in far remote places than Lodwar. Biometric Point of Sale (PoS) technology is being used where clients can easily be identified by use of their fingerprints. Equity Bank has contracted several retail outlets/vendors/ third-party agents countrywide to facilitate transactions to our clients.
- Equity Bank is the payments service provider to World Food Programme (WFP) in Rwanda delivering cash-based interventions to refugees. The bank has used multi-wallet smart cards to deliver cash from multi agencies and programmes to households in refugee camps creating an efficient and accountable model of intervention that comes with dignity and choice to the recipients.
Equity Bank and PayPal bring Global eCommerce to Kenya
Equity Bank and PayPal announced today that merchants in Kenya can now sell to PayPal's global customer base of more than 137 million active accounts in 193 markets around the world and move the proceeds to their Equity Bank accounts.
Equity Bank CEO Named UN Advisor
Equity Bank CEO James Mwangi has been appointed a UN advisor on Inclusive Financial Sectors under the recently formed UN Advisors Group.
Equity Bank offers the best 410 Wings to Fly scholars employment as they join the Equity Africa Lead
Equity Group Foundation (EGF) has today commissioned the first class of Wings to Fly into Equity African Leaders Program (EALP) and which also affords them internship employment at Equity Bank before they join university.