Equity Bank CEO joins Global Alliance for Food Security and Nutrition
26th September, 2012 New York… Equity Bank Group CEO, Dr. James Mwangi has joined the Global Alliance for Food Security and Nutrition Leadership Council that draws membership from top-level leaders in multi-stakeholder sectors such as government, international organizations, the private sector, civil society and academia.
Membership in the Leadership Council is by agreement and invitation of the Co-Chairs and Council members to serve for a one-year renewable term.
The ‘New Alliance for Food Security and Nutrition’ is a shared commitment by G-8 and African leaders formed in Washington D.C, U.S.A in May of 2012, and aims at achieving sustained and inclusive agricultural growth raising 50 million people out of poverty over the next 10 years.
Commenting on his appointment, Dr. Mwangi, who is also the Chairman of Vision 2030 Delivery Board, said food security is crucial in achieving the country’s development goals.
“In order to achieve sustained growth and reduce poverty and inequality as outlined in the Vision 2030 blueprint, we need to give special attention to the issue of food security and nutrition,” said Dr. Mwangi.
He added that he supports the New Alliance for Food Security and Nutrition as its objectives are aligned to Equity Bank’s business model of social economic prosperity for the people of Africa.
The Alliance plans to align the commitments of Africa’s leadership to drive effective country plans and policies for food security and also draws support from the World Bank, the African Development Bank, United Nations agencies; World Food Programme (WFP) and the Food and Agriculture Organization (FAO).
The Alliance commits private sector partners to increase investments where the conditions are right, in line with commitment of the G-8 to expand Africa’s potential for rapid and sustainable agricultural growth.
The Council comprises of top-level leaders in multi-stakeholder sectors such as senior government officials like His Excellency, President Jakaya Kikwete of Tanzania, His Excellency, President Alassane Ouattara of Cote d’Ivoire, His Excellency, President Armando Guebaza of Mozambique. Others include international organizations, the private sector, civil society and research institutions.
According to the National Food and Nutrition Security Policy document, over 10 million people in Kenya suffer from chronic food insecurity and poor nutrition, while between two and four million people require emergency food assistance at any given time. Nearly 30% of Kenya’s children are classified as undernourished, and micronutrient deficiencies are widespread.
About the New Alliance for Food Security
The New Alliance for Food Security and Nutrition (The New Alliance) is envisioned to be an enduring partnership between G-8 members. The New Alliance intends to build on the accountability work and collaborative efforts of the Comprehensive Africa Agriculture Development Programme (CAADP) and L’Aquila Food Security Initiative (AFSI). The Leadership Council will serve as a powerful advocacy and accountability voice for the New Alliance. The Alliance also seeks to strengthen the development of country-level performance indicators and the capacity of countries to assess their own progress over time.
About Equity Bank Group –
Equity Bank commenced business in Kenya on registration in 1984.It has evolved from a small Building Society, a Microfinance Institution; to currently the all-inclusive financial services provider which is listed on the Nairobi Securities Exchange and Uganda Securities Exchange.
Equity Bank Group is one of the region's leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern, inclusive financial services that maximize their opportunities. While the Equity brand is associated with empowerment of un-banked & the poorly banked segment of population, the Bank has evolved to become an all-inclusive bank for all. With nearly 8million accounts, Equity Bank is the largest bank in the region in terms of customer base. The Bank has operations in Kenya, Uganda, South Sudan, Rwanda, and Tanzania.