University of Nairobi Don Appointed to Equity Bank Board

Timothy Waema, a Professor of Information Systems in the School of Computing and Informatics in the University of Nairobi has been appointed to the board of Equity Bank Kenya Limited.

The bank confirmed in a statement that the experienced ICT guru had been appointed as a non-executive Director.

Waema’s knowledge of the ICT landscape has seen him work and consult for numerous organizations both in the public and private sectors.

He sits on the Council of Strathmore University and is a member of the Advisory Board of the Carnegie Mellon University – Africa in Rwanda.

With the new-found prominence of digitization catalyzed by the Covid-19 pandemic, Equity hopes that Waema will play an instrumental role in crafting their strategies.

“In the wake of the pandemic, ICT continues to be at the fore in facilitating the new way of doing things. The bank continues to accelerate its digital agenda through the roll-out of innovative digital products, enhancements and capabilities that support this new normal.

“I am excited to be joining the bank at this time; and look forward to propelling the Bank to even greater heights,” Waema stated after his appointment.

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EBKL Chairman Ambassador Erastus Mwencha described Waema as a highly accomplished executive, with expertise in oversight and leadership.

“Now more than ever, the Bank needs to consider all risks associated with the pandemic, opportunities around digitisation and decisions on how to steer the financial institution.

“Prof. Waema joins a highly talented Board and his experience in ICT will be instrumental in taking the bank to its next level of growth. I welcome him to the Equity Kenya board and wish him all the best in rendering his services,” he stated.

The Bank has undertaken a raft of measures to support Kenyans during the pandemic.

In October, the bank signed a Memorandum of Understanding with the Kenya National Chamber of Commerce and Industry (KNCCI) to provide financial support and training to help businesses recover from the Covid-19 pandemic.

The plan aims to help at least 3 million businesses benefit from the Ksh200 billion kitty.

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