Equity Group Foundation (EGF) is an

East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territories make up Eastern Africa: Due to the historical ...

n foundation based in

Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

. It was founded in 2008 to bolster Corporate social responsibility (CSR) for the Equity Group.

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 2008, the Foundation has significantly enhanced the coordination of

corporate social responsibility Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicall ...

(CSR) interventions for Equity Group Holdings Limited. Through their ''Wings to Fly'' Program, Equity Group Foundation has been able to fund 28,009 students since inception. This program is co-funded by the

Mastercard Foundation The Mastercard Foundation is an international non-governmental organization established by Mastercard in 2006. The organization, which is based in Toronto, Ontario, has supported work in 49 countries. In 2018, Mastercard Foundation shifted to a ...

to the tune of US$100 million. The ''

Harvard Business Review ''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. ''HBR'' is published six times a year and is headquartered in Brighton, Massach ...

'' described the foundation as being focused on driving African development and creating opportunities for prosperity.

Focus areas

The Foundation has six areas of focus. These are:

Partners

Equity Group Foundation has developed partnerships with other funding and development organizations including the

, the UK

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(DFID), the

United States Agency for International Development The United States Agency for International Development (USAID) is an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 bi ...

(USAID), KfW Development Bank, Financial Sector Deepening (FSD Kenya), Kenyatta University,

Africa Nazarene University Africa Nazarene University is a private Christian-founded university in, Kenya, and an affiliate of ''The Church of the Nazarene Colleges and Universities'' around the world. Africa Nazarene University is fully accredited by the Commission for Un ...

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...

Norad North American Aerospace Defense Command (NORAD ), known until March 1981 as the North American Air Defense Command, is a combined organization of the United States and Canada that provides aerospace warning, air sovereignty, and protection ...

, Equity Bank,

Swiss Agency for Development and cooperation The Swiss Agency for Development and Cooperation (SDC) is an office-level agency in the federal administration of Switzerland, and a part of the Federal Department of Foreign Affairs. Together with other federal offices, SDC is responsible for o ...

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...

, Republic of Kenya,

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IFAD The International Fund for Agricultural Development (IFAD; french: link=no, Fonds international de développement agricole (FIDA)) is an international financial institution and a specialised agency of the United Nations that works to address ...

(Investing in Rural people), IFC, Norfund, FAO, Australian AID, LUNDIN Foundation,

AGRA Agra (, ) is a city on the banks of the Yamuna river in the Indian state of Uttar Pradesh, about south-east of the national capital New Delhi and 330 km west of the state capital Lucknow. With a population of roughly 1.6 million, Agra is ...

, The Rockefeller Foundation, Mozilla Foundation, Agrocares, Marvel Five Investments Ltd

Equity Group Holdings Limited

Equity Group Holdings Limited is a large financial services

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

in East Africa whose

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

is listed on the

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 Equity Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the Central Bank of Kenya, which is the central bank and national banking regulator of Kenya. In 2010 the bank in ...

–

, Kenya *

Equity Bank Rwanda Limited Equity Bank Rwanda Limited (EBRL), is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator. Overview EBRL is a medium-sized financial services provider in Rwanda, with ...

–

Kigali Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali has been Rwa ...

, Rwanda *

Equity Bank South Sudan Limited Equity Bank South Sudan Limited (EBSSL) is a commercial bank in South Sudan. The bank provides banking services to individuals and to small and medium business enterprises. It is one of the commercial banks licensed to operate in the country by ...

–

Juba, South Sudan Juba () is the capital and largest city of South Sudan. The city is situated on the White Nile and also serves as the capital of the Central Equatoria State. It is the world's newest capital city to be elevated as such, and had a populatio ...

Equity Bank Tanzania Limited Equity Bank Tanzania Limited, is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator. The bank is a member of t ...

–

Dar es Salaam Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over s ...

, Tanzania * Equity Bank Uganda Limited –

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

, Uganda *

Equity Banque Commerciale du Congo Equity Banque Commerciale du Congo (EquityBCDC) is a commercial bank in the Democratic Republic of the Congo. It is a merger between Equity Bank Congo (EBC), formerly ProCredit Bank DRCongo, and Banque Commerciale du Congo. This followed the ...

–

Kinshasa Kinshasa (; ; ln, Kinsásá), formerly Léopoldville ( nl, Leopoldstad), is the capital and largest city of the Democratic Republic of the Congo. Once a site of fishing and trading villages situated along the Congo River, Kinshasa is now one o ...

Democratic Republic of the Congo The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in ...

* Equity Consulting Group Limited –

, Kenya * Equity Insurance Agency Limited –

, Kenya * Equity Nominees Limited –

, Kenya * Equity Investment Services Limited –

, Kenya *

Finserve Africa Limited Finserve Africa Limited ( doing business as Equitel) is a mobile virtual network operator (MVNO) in Kenya. It is a wholly owned subsidiary of Equity Group Holdings and is using the Airtel Kenya network as its carrier. Overview The Equitel brand ...

–

, Kenya * Equity Group Foundation –

, Kenya * Equity Group Foundation International - New York, USA

References

{{Equity Group Holdings Limited , state=collapsed 2006 establishments in Kenya Organizations established in 2006 Organisations based in Nairobi Educational charities Charities based in Kenya