JANUARYequity 2018 News 1 Equity News A QUARTERLY NEWS PUBLICATION OF EQUITY BANK www.equitybankgroup.com twitter @KeEquityBank Facebook KeEquityBank NOT FOR SALE Issue 12 Wings to Fly Spirit Sweeps Across Kenya Impact of the program has inspired other organizations and individuals to educate needy students The Wings to Fly program The Wings to Fly selection is arguably the largest process has illustrated the comprehensive secondary power of communities to own school scholarship and and direct social structures. leadership program in the The Community Scholarship region. Its multiple impact is The 2018 Wings to Selection Boards (CSSBs) Fly Commissioning traced back to the introduction ceremony play an important role in of Free Primary Education in at Kenyatta anchoring this program in 2002 that saw enrolment rise University. the community through by 35% to 1.312 million pupils From left: Ivy community participation, in 2003. Mwai, Senior giving it integrity, Program Manager, The increased enrolment Mastercard transparency and community rates meant more financially Foundation, Equity ownership. challenged children would Group Chairman But by far the greatest complete primary school. Dr. Peter Munga, success of the program is that Wings to Fly was to contribute Education Cabinet it has inspired compassion in giving these children access Secretary Dr. Fred Matiang’i, Equity and a commitment by the to secondary school education. Group CEO & Kenyan society to educate The program offersManaging Director bright, needy children. This comprehensive support for the Dr. James Mwangi year, 587 scholars in the scholars through provision of and Lucy Gichuhi, Wings to Fly shortlist received tuition, boarding fees, books, Senator for South scholarships from public and Australia. uniform, shopping, pocket private organizations as well money and transport to and whom 15,168 are Wings to Fly Speaking at the as individuals. from school during their four scholars. 8,144 have completed commissioning of the years of secondary education. secondary school and 6,641 2018 cohort the Cabinet The Wings to Fly program qualified for university. Further, Secretary for Education Dr. Wings to Fly is part of the bigger Equity 5,431 ELP scholars have joined Fred Matiang’i noted that Leaders Program, ELP, which 82% Equity Bank’s Paid Internship the Wings to Fly program scholars gives bright students education Wings to Fly who Program, 1,339 of them has continued to greatly and leadership exposure. qualified to go to being Wings to Fly scholars. impact bright students This year’s intake university compared to Additionally, 443 scholars have from disadvantaged in most brings the number of ELP national rate of 22%. secured admission to top global backgrounds. scholars to 19,620, o f universities. “I commend Equity This program prestigious Bank and Mastercard fits well within the Foundation for giving Sustainable Development schools young Kenyans an opportunity to shape their Goals, which are based on 27 top schools have so far destiny. This program fits trying to offer long-term hosted at least 100 Wings to well within the Sustainable “solutions to the problems Fly students each. National 19,260 5,431 Development Goals, which have joined Equity KShs10 schools account for 77% of Equity Leaders that plague our society, 8,144 6,641 Bank’s paid internship 443 are based on trying to offer Program scholars billion schools that have hosted Wings to Fly scholars Wings to Fly program, including ELP scholars The value of Equity long-term solutions to the including poverty, by the to date, of whom have secured at least 100 students to have completed scholars have 1,339 Wings to Fly Global Scholars problems that plague our 15,168 are Wings to qualified for admissions to year 2030.” KCSE beneficiaries Airlift to date date. This translates to two Fly beneficiaries global universities society, including poverty, university entry Education Cabinet Secretary Dr. classrooms of 50 students per by the year 2030,” he said. Fred Matiang’i, class each. The biggest number has gone through the most prestigious national schools which are secondary schools Equity lauded for supporting entrepreneurs classified under cluster three that is made up of the original World Bank book names Equity Group among Arica’s leading high-impact enterprises top national schools in Kenya that have been in existence for Equity Bank has been such as the Banco Unico in more than 30 years. recognized as a high-impact Mozambique, Fidelity in Ghana These schools are enterprise that has transformed and Banco Atlantico in Angola, considered to be the best the African financial services Equity Bank has been termed endowed in terms of Equity Bank’s turnaround from sector by creating extraordinary a strong partner for aspiring infrastructure and human humble beginnings to market wealth and jobs. entrepreneurs and a bank that resources. They include leader has been captured in a book “The cases presented in promotes financial inclusion. Alliance Girls High School sponsored by the World Bank and the book of high-impact “As a bank, our partnership (218), Alliance High School published by Emerald Publishing, entrepreneurship in the financial with entrepreneurs goes beyond (204), Lenana School (189), a leading publisher of business and sector show us the opportunities money and building financial Maseno School (149), Limuru management books. Developing that vibrant African societies inclusion. It extends into training Girls (149), Nakuru Boys Africa’s Financial Services - The present for risk takers,” said Prof. and mentoring to prepare them for (135), Nakuru Girls (129), Importance of High-Impact Dana Redford, the book’s editor. success,” said Dr. James Mwangi, Mang’u High School (128), Entrepreneurship was launched in Taking the spotlight alongside Equity Group CEO & Managing Equity Bank CEO & MD Dr. James Mwangi (left) with the Loreto Limuru (127), Kenya Nairobi recently. other remarkable African banks Director. book editor, Prof. Dana Redford. High (119) and Nairobi School (109). 2 equity News “I am a witness that Setting scholars on the pathway to leadership education scholarships are transformative. I got a scholarship at a tender chance to excel in their academics and strong foundation of honesty, hard age and that is what leadership, given an equal opportunity; work, integrity and inclusivity. We made me. We started Dr James That communities are willing to be need an education system that is Mwangi, architects of their own future given the globally competitive and that focuses education intervention CBS - Equity in 1992 and we have through Bank CEO opportunity and platform; on nationhood; on issues and not And that the signaling effect of a personalities or tribes.As technology the years seen that education is & Managing transformative to the beneficiaries Director. good idea has the potential to make it takes root, our future will depend on take root in a community, gain a life of how well we embrace “future jobs”. and the society.” - Dr. Peter Munga, its own and become a transformational The future The old conventional careers are good, Chairman, Equity Group. phenomenon. of our society is as but let us not be blind to how the Eight years later, we have world is evolving. “The Wings to Fly witnessed each of these ideas come to good as the quality The World Economic Forum scholarships given life. Quality education is #4 of the 17 of education we has noted that the world has now to the students allow entered a fourth industrial revolution UN Sustainable Development Goals. them to become offer our children. informed by developments in genetics, As we celebrate the 2018 class of the It provides a sustainable solution global citizens, able artificial intelligence, robotics and Wings to Fly program, we can look back to poverty alleviation and increased “A critical mass of to go anywhere in the life expectancy and has become one nanotechnology, 3D printing and at the multiple impact of this program visionary, ethical and world and be the best of the key pillars of our social impact biotechnology. These need to be in our society with fulfilment and they can be.” – Eugene programs. Education should be of transformative leaders taught at university and technical satisfaction. Wamalwa, Cabinet Secretary, high quality, relevant, easily accessible levels. This program was conceptualized will be required in Water & Irrigation. As Equity Group, we appreciate along several philosophies; and inclusive, where each child gets an order to achieve Vision the kind gesture of the Government That education is a sustainable equal opportunity based on merit. of Kenya for supporting Wings to tool for empowering individuals to The future of our society is as good 2030.” “The secret of 1.2 Wings to Fly PARTNERS Fly in the spirit of public private transform themselves; as the quality of education we offer our education is applying 1.2 WingsDr to FlyJames (WtF) PROGRAM Mwangi partnership for development. We look That children from financially children. A critical mass of visionary, the knowledge you Principal Partners forward to a day when no child who challenged backgrounds who are ethical and transformative leaders will be get. Balance your has qualified to go to school will miss academically gifted have an equal required in order to achieve Vision 2030. life. Think about We need to use education to lay a an opportunity. your life from the 1.2 Wings to Fly PARTNERS emotional, spiritual, 1.2 Wings to Fly (WtF) PROGRAM Principal Partners mental, physical and Supporting Partner social aspects. Also take The number of scholars supported by Wings to Fly programme partners, corporates and leadership roles in your school, individuals to access secondary school education as per the breakdown below: local church and even your 15,168 county. Know who makes the decisions that affect your life.” Supporting Partner – Lucy Gichuhi, Senator for South Australia. OTHERS 8,562 3,814 1,192 830 602 168 “Wings to Fly has helped bright but poor children from the region develop ambition.