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Equity Bank CEO James Mwangi Makes Kshs 20 Billion Offer to Diaspora Project

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Dan of KUP & Dr. Mwangi, CEO of Equity Bank at Boston. Dan of KUP & Dr. Mwangi, CEO of Equity Bank at Boston.

Equity Bank CEO, James Mwangi, made an offer of Kshs 20 billion to finance any Diaspora project that wants and can qualify for the finance. He said the bank could finance any project and challenged the Diaspora to develop Kenya. Dan Kamau of Kenya University Project (KUP) told Dr. Mwangi the project could be able to take the finance.

Dr. Mwangi is in a 5 City Diaspora tour that started in Anaheim, CA; proceeded to Dallas, TX; then to Atlanta, GA where Bishop Donald Mwawasi of KUP on attending the Atlanta event was impressed by the presentation by Dr. Mwangi; the next stop was in Boston, MA; the tour ends at New Jersey, NJ. The events are attracting full capacity ballrooms.  

Dr. Mwangi when presenting touched on the opportunities that Diaspora Kenyans can invest in. He spoke on opportunities in housing, university, education, food production, electricity, clothing making, tea picking machines, tourism hotels and other sectors in Kenya, Rwanda, Uganda and Tanzania where the bank has presence. He told Diaspora, “We sent you here to understand how they do things. You came here and decided to settle instead of seeing how things are done and returning home.”

KUP System set by Diaspora is based on understanding how the Gross Domestic Product GDP of the U.S grew from $57 billion in 1933 to a GDP to $17 trillion today and during that time provided an opportunity to thousands of Diaspora as they immigrated. The project system is further set based on understanding how sustainable towns are developed.     

Dr. Mwangi challenging Diaspora Kenyans said that the Global companies coming to Kenya are coming because there is opportunity in Kenya. He showed leaders who have visited Kenya in the last two years who included: President Barack Obama of U.S; President of China, Prime ministers of Italy, Japan and others. He said, “These leaders are not coming because they love us. They are coming to exploit opportunity.” 

Many Kenyans attending the event saw this as a wake-up call. The good thing is KUP system is ready and progressing forward. KUP system will enable many Kenyans to be part of the Kenya growth opportunity by becoming property developers through KUP. The housing opportunity is currently the biggest opportunity. Dr. Mwangi showed various housing projects in East Africa being done by foreign investors as he urged Diaspora to get involved. 

Accompanying Equity CEO Dr. Mwangi in the Diaspora tour are: Mary Wamae, Secretary to the Board; Alex Muhia, General Manager and PA to the CEO; Dr. Beth Waweru, General Manager, Climate Change Strategic Partnerships and Collaborations;  Patrice Kiiru, General Manager, Diaspora Banking and Money Transfer; Niragira Athanasie, Head of marketing and Communications; Joyce Mukarutesi, Head of Diaspora Banking, Rwanda; Anthony Kituuka, Executive Director, Equity Bank Uganda limited. Also attending events are university students in U.S who are beneficiaries of the Equity bank scholarships. 

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