Equity Bank Kenya has reaffirmed its commitment to empowering businesses in Eldoret City through expanded financial services, strategic investments, and strong partnerships with local entrepreneurs.
Speaking at a stakeholder engagement dinner, Phillip Meli, Uasin Gishu County Head of Public Service, representing Uasin Gishu Governor Dr. Jonathan Bii Chelilim, acknowledged the rapid economic expansion in Eldoret City and commended Equity Bank’s longstanding contribution to the local business community.
“Equity Bank was among the first banks in this town to establish multiple branches, a sign of confidence in our business environment. Your continuous expansion confirms that business in Eldoret is thriving,” Meli said.
He further emphasized the County Government’s commitment to fostering a conducive business environment through infrastructure development and policy support.
“As the County Government of Uasin Gishu, we will continue to provide the necessary infrastructure to support all businesses, from manufacturing to agribusiness and retail. We are investing in major projects, including a multi-billion market in the CBD that will accommodate over 10,000 small traders and we hope we can count on Equity Bank when it comes to it,” he added.
Equity Bank’s role in driving economic stability
Ambassador Mary Mugwanja, Equity Bank Kenya Associate Director for Public Sector and Institutions, reinforced the bank’s role in driving economic stability and providing financial solutions tailored to business needs.
“Equity Bank is committed to walking the journey with businesses, both large and small. Our goal is to provide financial solutions that enable entrepreneurs to expand, innovate, and contribute to the region’s economic prosperity,” she stated.
She also highlighted the importance of financial literacy and mentorship in ensuring long-term business success.
“At Equity Bank, we believe in empowering our customers beyond banking. Through mentorship programs and financial literacy initiatives, we aim to support business owners in making informed financial decisions,” she said.
Ambassador Mugwanja stressed the significance of collaboration between financial institutions and government bodies in creating sustainable economic opportunities.
“We value partnerships with County Governments and local businesses as we work together to drive long-term economic growth. Equity Bank is here to offer innovative financial solutions that help businesses thrive,” she concluded.
Isaac Samoei, Director at Epstein Africa, praised Equity Bank for its impact on the financial sector.
“I like the way Equity Bank is enhancing its performance compared to other banks, Equity is the standard,” he said. “We also transact with other banks, Equity stands out. Congratulations and thank you for your support,” he added.
Stephen Kimboi from Rift Valley Technical Training Institute emphasized the role of financial institutions in supporting technical and vocational education and entrepreneurship.
“We’ve been asked to venture into production, and we feel like the Bank can come in handy to help establish businesses and support innovations,” he said.
Underfunded TVET institutions
He urged Equity to use its education pillar to support underfunded TVET institutions and universities.
“The Bank should explore ways to support the ecosystem around institutions, including suppliers and other stakeholders, so that they can grow into sustainable business hubs,” he added.
The engagement brought together Eldoret business leaders, Equity Bank executives, and members of the local business community to explore new financial opportunities and strengthen economic partnerships.
With Eldoret’s status as a growing commercial hub, Equity Bank’s commitment to supporting local enterprises remains a key driver of regional prosperity.
