Equity Group Foundation
Equity Group Foundation (EGF) is an East African foundation based in Nairobi, Kenya.
Overview
The main aim of Equity Group Foundation is to enhance the social and economic prosperity of people in the African region. This is through creating opportunities for people living at the bottom of the pyramid thus incorporating them into the modern economy. Since its inception in 2006, the Foundation has significantly enhanced the coordination of corporate social responsibility (CSR) interventions for Equity Group Holdings Limited.[1] Through their Wings to Fly Program, Equity Group Foundation was able to award 2,000 students with extended high school scholarships in the year 2015.[2] This program is co-funded by the Mastercard Foundation to the tune of US$41 million over a nine-year period.[3] The Harvard Business Review described the foundation as being focused on driving African development and creating opportunities for prosperity.[4]
Focus areas
The Foundation has six areas of focus. These are:[5]
- Education and Leadership Development
- Enterprise Development and Financial Inclusion
- Food and Agriculture
- Health
- Energy and Environment
- Social Protection
Partners
The Equity Group Foundation has developed partnerships with other development organizations including the Mastercard Foundation, the UK Department for International Development (DFID), the United States Agency for International Development (USAID), KfW Development Bank, Financial Sector Deepening (FSD Kenya), Kenyatta University and Africa Nazarene University.
Equity Group Holdings Limited
Equity Group Holdings Limited is a large financial services conglomerate in East Africa[6] whose stock is listed on the Nairobi and Uganda Securities Exchanges under the symbols EQTY and EBL respectively. The companies that comprise the Equity Group Holdings Limited include:
- Equity Bank Kenya Limited – Nairobi, Kenya
- Equity Bank Rwanda Limited – Kigali, Rwanda
- Equity Bank South Sudan Limited – Juba, South Sudan
- Equity Bank Tanzania Limited – Dar es Salaam, Tanzania
- Equity Bank Uganda Limited – Kampala, Uganda
- ProCredit Bank Congo SARL – Kinshasa, Democratic Republic of the Congo
- Equity Consulting Group Limited – Nairobi, Kenya
- Equity Insurance Agency Limited – Nairobi, Kenya
- Equity Nominees Limited – Nairobi, Kenya
- Equity Investment Services Limited – Nairobi, Kenya
- Finserve Africa Limited – Nairobi, Kenya
- Equity Group Foundation – Nairobi, Kenya
- Equity Group Foundation International - New York, USA
References
- "EGF - About us". Equity Group Foundation. Archived from the original on 10 February 2015. Retrieved 10 February 2015.
- "President Uhuru Kenyatta Commissions the Equity Group Foundation 2015 Wings to Fly Scholars". Equity Group Foundation. 16 January 2015. Archived from the original on 10 February 2015. Retrieved 10 February 2015.
- "Equity Group Foundation Scholarships". Mastercard Foundation. Retrieved 10 February 2015.
- McPherson, Susan (7 May 2013). "Bringing Global Philanthropy Closer to Home". Harvard Business Review. Harvard Business Publishing. Retrieved 11 February 2015.
- "EGF - Our Strategy". Equity Group Foundation. Retrieved 10 February 2015.
- EBG, . (October 2014). "Equity Bank Group Financial Statement As At 30th September 2014". Equity Bank Group (EBG). Retrieved 23 November 2014.CS1 maint: numeric names: authors list (link)