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Equity Group Offers Paid Internships to KCSE Top Performers

Students work at Equity Bank branches across the country receiving monthly stipends totalling Sh121.2 million by the end of the internship

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Equity Group Foundation (EGF) has admitted 505 scholars, from 225 secondary schools from all 47 counties, into the 26th cohort of the Equity Leaders Program (ELP). The cohort, which was selected from the best performing students in 2023 Kenya Certificate of Secondary Education (KCSE) examinations, Wings to Fly program and Elimu scholarship beneficiaries, were onboarded following a comprehensive two-week induction and training program.

Of the 505 scholars, 104 were Wings to Fly and 186 Elimu Scholars who scored A and A-minus while the remaining 215 were top national and sub-county students who scored an A. The induction facilitated their interaction with leaders from various industries, including the Equity Group leadership team, covering crucial topics such as leadership, personal growth, and community development.

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Equity Leaders Program, a flagship initiative under the Equity Group Foundation’s (EGF) Education and Leadership Development pillar, is committed to empowering academically talented youth. Currently operational in the DRC, Kenya, Rwanda, and Uganda, the program focuses on nurturing promising scholars through intensive mentorship and leadership exposure. It aims to foster their personal and professional development, encourage innovation, and promote community engagement.

Established in 1998, ELP is a robust leadership development initiative designed for exemplary academic performing students. Its primary aim is to cultivate a network of transformative leaders who collaborate across borders and sectors, contributing to Africa’s sustainable economic and social progress.

The newly inducted scholars will undertake a six-month paid internship at Equity Bank branches across the country, receiving monthly stipends totaling Ksh121.2 million by the end of the internship. To enable the scholars to have a smooth transition to university part of the monthly stipend is saved and released to them at the time of joining university.

During the internship, the scholars gain practical experience and mentorship across various departments they work in. They continue to receive mentorship and coaching throughout their university studies.

Speaking at the scholar commissioning event, Dr James Mwangi, Group Managing Director and CEO of Equity Group Holdings, and Executive Chairman of EGF, encouraged the scholars to strive for excellence. He emphasized the importance of leveraging their academic success to become catalysts for positive change, starting from their communities and expanding outward.

“You are embarking on a shared journey with other talented Kenyans in your age group. This network will prove to be your greatest asset in your career and your life, as it will produce future captains of industry, business leaders, public servants, and leaders in other sectors.”

Equity Leaders Program
Dr. James Mwangi, Equity Group Managing Director and CEO (fourth left), interacting with scholars during the 2024 Equity Leaders Program (ELP) Pre-University induction held in Nairobi.

Since its inception, the program has supported 23,825 scholars studying in local and global universities, with 8,878, from Kenya, Uganda, DRC and Rwanda, benefiting from paid internships. Notably, 891 scholars have secured fully funded scholarships at 199 prestigious universities across 36 countries, including Ivy League institutions like Harvard, Yale, Princeton, Columbia, and Cornell universities in the USA.

The Equity Leaders Program is designed to empower academically gifted scholars by facilitating their access to education in universities both locally and globally, while also nurturing their leadership skills.

ELP Scholars who pursue medicine and gain the necessary experience have been supported by EGF to establish Equity Afia medical centres, expanding access to affordable, quality healthcare. To date, Equity Afia has successfully launched 102 facilities nationwide.

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Bill Yaura is a Correspondent for Business Today. He can be reached on email: [email protected]
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