Equity Bank (Kenya) Limited has appointed Prof. Timothy Waema as Non-Executive Director.
Prof. Waema brings on board his extensive ICT experience that spans over 30 years in both private and public sector organizations in Kenya and the African region. He is a Professor of Information Systems in the School of Computing and Informatics in the University of Nairobi. He has consulted for numerous government ministries, private sector and NGOs in Kenya and other African countries on ICT and related issues. He has expertise in strategy development and execution, at both corporate and IT function levels and has worked for many years at the intersection of information technology, strategy, policy and innovation. He sits in the Council of Strathmore University and is a member of the Advisory Board of the Carnegie Mellon University – Africa in Rwanda.
While welcoming Prof. Waema to the board, EBKL Chairman Ambassador Erastus Mwencha said that he was delighted to have a highly accomplished executive joining the Kenya board to contribute his expertise in oversight and leadership during this time when businesses have to navigate unprecedented challenges occasioned by the social economic impact of COVID-19.
The Bank has been named the Top Banking Super brand in Kenya for thirteen years in a row since 2007. Moody’s gave the bank a global rating of B2, Global Rating of Aaa.ke/KE-1 with a Negative outlook same as the sovereign rating of the Kenya Government. Global Credit Rating Co. (GCR) rated the bank AA- for long-term and A1 for short term, with a Negative outlook. The bank has emerged the Overall Best Bank at the 2020 Think Business Banking Awards for the 9th year in a row.
It also won across 22 award categories becoming the most recognized market leader in the country. The bank was also named Africa’s SME Bank of the Year, for the third year in a row at the 2020 Global SME Finance Awards and the Best Regional Bank in East Africa at the African Banker Awards.