Equity Group Foundation
Equity Group Foundation
AbbreviationEGF
FormationJanuary 1, 2008 (2008-01-01)
TypeNonprofit
Legal statusFoundation
PurposeTransforming lives, giving dignity and expanding opportunities for wealth creation.
HeadquartersEquity Center, 8th floor, Wing B, Hospital Road, Upper Hill, Nairobi, Kenya
Locations
Region served
Africa
Fields
  • Education & Leadership Development
  • Agriculture
  • Health
  • Entrepreneurship & Financial Education
  • Energy & Environment
  • Social Protection
  • James Mwangi - Executive Chairman[1]
  • Ms. Zainab Jaffer - Member
  • Mrs. Mary Wamae – Member
  • Mr. Samson Bwaya – Member
Key people
  • James Mwangi - Executive Chairman EGF, Equity Group MD and CEO
  • Lauren Hendricks - CEO, EGF International
Parent organization
Equity Group Holdings
SubsidiariesEquity Group Foundation International
Students
37,009
Websiteequitygroupfoundation.com

Equity Group Foundation (EGF) is an East African foundation based in Nairobi, Kenya. It was founded in 2008 to bolster Corporate social responsibility (CSR) for the Equity Group.[2]

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 (CSR) interventions for Equity Group Holdings Limited.[2] Through their Wings to Fly Program, Equity Group Foundation has been able to fund 28,009 students since inception.[3] This program is co-funded by the Mastercard Foundation to the tune of US$100 million.[4] The Harvard Business Review described the foundation as being focused on driving African development and creating opportunities for prosperity.[5]

Focus areas

The Foundation has six areas of focus. These are:[6]

Education and Leadership Development Program beneficiaries[7]
Program2021 beneficiaries Up to JulyCumulative beneficiaries
Secondary School Scholarships - Wings to Fly and Elimu10,70537,009
Wings To Fly Scholars Qualified to join University1,41010,991
Equity Leaders Program Global Scholars66688
Equity Leaders Program Interns6,713
Technical and Vocational education Training Scholars2293,262
Enterprise Development and Financial Inclusion Program Achievements[7]
Program2021 beneficiaries Up to JulyCumulative beneficiaries
Micro, Small and Medium Enterprise Trained195,491316,969
Financial Inclusion0.06M2.24M
Food and Agriculture Beneficiaries[7]
Program2021 beneficiaries Up to JulyCumulative beneficiaries
Small and medium Sized farmers Supported9,50049,089
Farmers impacted0.05M2.05M
Health Program Performance[7]
Program2021 beneficiaries Up to JulyCumulative beneficiaries
Equity Afia outpatient Clinics1245
Clients Reached via Equity Afia77,872200,945
Client visit to Equity Afia193,336498,896
Energy and Environment[7]
Program2021 beneficiaries Up to JulyCumulative beneficiaries
Clean energy Products distributed29,727273,635
Trees planted3.88M7.00M
Social Protection[7]
Program2021 beneficiaries Up to JulyCumulative beneficiaries
Number of individuals Reached with Social protection Programs0.08M3.41M
Value of Disbursements via Cash TransfersKshs 9.90BKshs 87B

Partners

Equity Group Foundation has developed partnerships with other funding and development organizations including the Mastercard Foundation, the UK Department for International Development (DFID), the United States Agency for International Development (USAID), KfW Development Bank, Financial Sector Deepening (FSD Kenya), Kenyatta University, Africa Nazarene University, World Bank Group, Norad, Equity Bank, Swiss Agency for Development and cooperation, European Union, Republic of Kenya, Kingdom of the Netherlands, IFAD(Investing in Rural people), IFC, Norfund, FAO, Australian AID, LUNDIN Foundation, AGRA, The Rockefeller Foundation, Mozilla Foundation, Agrocares, Marvel Five Investments Ltd

Equity Group Holdings Limited

Equity Group Holdings Limited is a large financial services conglomerate in East Africa[8] whose stock is listed on the Nairobi and Uganda Securities Exchanges under the symbols EQTY and EBL respectively. The companies that comprise the Equity Group Holdings Limited include:

References

  1. "2020 Transformational Impact Report" (PDF). Equity Group Foundation. Retrieved 6 August 2021.
  2. 1 2 "EGF - About us". Equity Group Foundation. Archived from the original on 10 February 2015. Retrieved 10 February 2015.
  3. "President Uhuru Kenyatta Commissions the Equity Group Foundation 2015 Wings to Fly Scholars". Equity Group Foundation. 16 January 2015. Archived from the original on 10 February 2015. Retrieved 10 February 2015.
  4. "Equity Group Foundation Scholarships". Mastercard Foundation. Retrieved 10 February 2015.
  5. McPherson, Susan (7 May 2013). "Bringing Global Philanthropy Closer to Home". Harvard Business Review. Harvard Business Publishing. Retrieved 11 February 2015.
  6. "EGF - Our Strategy". Equity Group Foundation. Retrieved 10 February 2015.
  7. 1 2 3 4 5 6 "2020 Transformational Impact Report" (PDF). Equity Group Foundation. Retrieved 16 August 2021.
  8. "Equity Bank Group Financial Statement As At 30th September 2014". Equity Bank Group. October 2014. Retrieved 23 November 2014.
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