Former Equity CEO John Mwangi Passes On

Former CEO of Equity Bank John Kagema Mwangi is dead.

He is reported to have died at a hospital in Nairobi on Wednesday night after ailing for some time.

He joined Equity Building Society in 1986 and under his leadership transformed it into Equity Bank. With him as the CEO, James Mwangi (now CEO Equity Group Holdings) became the finance director.

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According to Equity Bank Group chairman Peter Munga, “John Mwangi sacrificed his lucrative job as Marketing Manager of EAO and risked the welfare of his own family by sticking with the institution as the Executive Director, even at its brink of collapse during the banking crises of the late 1980s and early 1990s. He concentrated all his efforts on managing the institution and if it failed he could have been exposed to the extent that he could have found it difficult even to feed his family.”

Mwangi is also a seasoned entrepreneur associated with Enashipai Spa & Resort in Naivasha.