Equity Bank Group has committed to partnering with Small and Medium Enterprises (SMEs) to scale up business beyond their current geographical territory to the rest of the country and region.
Equity Bank Kenya Acting MD Moses Nyabanda called on SMEs to collaborate noting that Equity has conducted 20 trade missions to the Democratic Republic of Congo (DRC), whose market is insatiable for most goods and services that local businesses are involved in.
He said that businesses can take advantage and change the narrative of Kenya’s development by joining Equity to invest in the region imploring SMEs to emulate the bank and be part of the wealth creation agenda for Africa.
Nyabanda spoke when he met over 300 SME customers in Thika for a daylong networking forum.
“Our biggest pride as Equity is solving Africa’s problems and we want you to be part of the journey of finding solutions for Africa by striving to grow,” he said.
“If you remain small you will solve only an immediate need. If you scale up, you will solve long-term needs. As a bank we will walk with you to ensure you truly scale up.”
Equity Bank Kenya Associate Director of Public Sector and Institutional Banking, Ambassador Mary Mugwanja, assured customers that there is sufficient financing available for the business community.
She also encouraged the customers to borrow to scale up their businesses.
“Kuna pesa nyingi (there is a lot of money). We have given you the information that will guide your decision-making to scale up your businesses and even diversify,” she said.
Mugwanja alluded to several presentations that were made by different department heads addressing payments, food and agriculture, insurance, trade and finance and more.
She further asked the customers to consult Equity for advice on how to achieve their business strategies.
“Under the social pillar we will take you through financial literacy, coach you and help you to draw your business succession plans,” she added.
Nyabanda and his entourage visited two customers at their business locations within Thika town.
He met James Gituku, a director at Fairnuts Limited, who took him on a tour of the macadamia sorting and packaging factory.
Additionally, while at Kenblest, the MD had a discussion with the trio leadership of Jinit Shah, Anju Shah and Vikesh Shah, on future partnership prospects over a cup of tea and a taste of bread produced at the 6,000 loaves of bread an hour bakery.
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