Nairobi 5th November 2020… Equity Bank (Kenya) Limited (EBKL) 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.

“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,” said Ambassador Mwencha.

Prof. Waema commenting on his appointment, “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.”

EBKL is a subsidiary of Equity Group Holdings Plc and holds the lion share of the Group’s business contributing to over 80% of the profitability.

The Bank has been named the Top Banking Superbrand 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.

About Professor Timothy Waema


Prof. Timothy Waema holds a PhD degree in Strategic Management of Information Systems from the University of Cambridge (UK) and a Bachelor’s Honours Degree in Electrical and Electronics Engineering from the University of Bath (UK). He is a Certified Formal Axiologist, Professional Driving Forces Analyst (CPDFA), Professional Behaviors Analyst (CPBA), Professional TriMetrix HD Analyst (CPHDA) and Professional Emotional Quotient Analyst (CPEQA). He is also a certified faculty for The Complete Leader Program and corporate governance trainer.

He is a Professor of Information Systems in the School of Computing and Informatics in the University of Nairobi. He has consulted for numerous ministries, private firms and NGOs in Kenya and other African countries on ICT and related issues. He has particular consultancy 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.

Prof. Waema has been involved in developing national policy and strategy documents relating to ICT and Science, Technology and Innovation. He has also been key in leading the innovation agenda of the University of Nairobi and has carried out innovation training for numerous organizations in Kenya. He sits in the Council of Strathmore University and is a member of the Advisory Board of the Carnegie Mellon University – Africa in Rwanda, which is the educational anchor tenant for the Kigali Innovation City in Rwanda.

He is a Professional Member of the Association for Computing Machinery (ACM), the largest association of IT professionals globally.

Related stories

Equity Appoints Samuel Onyango as a new Director to the Kenya Board

Nairobi 25th November 2020… Equity has announced the appointment of Samuel Onyango as a...

View More
Equity wins SME Bank of the Year at the Global SME Finance Awards gala

For the third consecutive year, Equity has won the 2020 SME Bank of the year - Africa Award at the...

View More
Equity Group Foundation And The Kenya COVID-19 Fund Board Kick Off Second Round of PPE Distribution To Public Hospitals, and Final Year Medical and Dental Students

The second consignment of PPEs for public hospitals is valued at Ksh 125M with an additional...

View More
Equity ranks position 7 in the list of top 10 banks in Africa in The Banker’s Top 100 African Banks 2020.

Equity, with a balance sheet size worth Kshs. 673.7 billion at the end of 2019, has been listed at...

View More
Kenya National Chamber of Commerce and Industry, Equity sign Memorandum of Understanding to offer Ksh. 200 billion to Kenyan businesses

The Kenya National Chamber of Commerce and Industry (KNCCI) and...

View More
MICRO AND SMALL ENTERPRISES AUTHORITY (MSEA) AND EQUITY SIGN MOU AIMED AT PROMOTING THE GROWTH OF MSEs IN KENYA

MSE Associations under MSEA will benefit from financial empowerment, advisory services and...

View More
Equity Supports MSMEs With USD $100 Million Partnership with Proparco (Agence Française de Développement Group)

Equity Supports MSMEs With USD $100 Million Partnership with Proparco (Agence Française de...

View More
Equity CEO, Dr. James Mwangi, Wins Coveted Oslo Business for Peace Award

Nairobi, Kenya: September 9, 2020 – Dr. James Mwangi, Group Managing Director and CEO of Equity...

View More
92 Equity Leadership Program (ELP) Scholars Receive Admission to 43 Global Universities

92 Equity Leadership Program (ELP) Scholars Receive Admission to 43 Global Universities

View More
Ambassador Erastus J O Mwencha is Appointed Board Chairman of Equity Bank (Kenya) Ltd

Equity Bank (Kenya) Ltd Board has appointed Ambassador Erastus Mwencha, as the Chairman, taking over...

View More
Equity Rolls Out Universal Number for All Outgoing Calls to Customers

The 0763 000 000 number will become the single line of contact from Equity to customers thus...

View More
Public Hospitals Are Now Equipped With Ppes From Kenya Covid-19 Fund For Use By Healthcare Workers Dealing With Covid-19

The Kenya Covid-19 Fund Board, in partnership with Equity Group Foundation (EGF) have completed...

View More
Equity Partners With Crown HealthCare

Equity has signed a Memorandum of Understanding with Crown Healthcare to enable SMEs in the...

View More
Equity Recognized As The Best Bank In Africa At The 2020 Euromoney Awards

Nairobi, 28th July 2020… Equity has scooped three top awards at this year’s Euromoney Awards...

View More
IFC Announces $50 Million Loan to Equity Bank to Support Kenyan SMEs During COVID-19

The loan, which will ultimately support hundreds of Kenyan businesses in the manufacturing,...

View More
Kenya Association of Manufacturers in Partnership with Equity Group Foundation and the Kenya COVID-19 Fund Support Manufacturers in Kenya to produce World Class PPEs

The Kenya  COVID-19 Fund Board, in partnership with Kenya Association of Manufacturers (KAM)...

View More
The Kenya Covid-19 Fund And Equity Group Foundation Partners With Kenya Medical Association On Case Management Training And Psychosocial Wellness Program For 50,000 Public Healthcare Workers Dealing With Covid-19

Frontline public healthcare staff dealing with COVID-19 patients will receive training on case...

View More
Equity Opts To Support Its’ Customers To Keep Their Lights On By Restructuring Their Loans Of Up To Ksh. 92billion For Up To Three Years

Equity Group has triggered a Business Continuity Plan (BCP) to protect its customers, staff and...

View More
Equity Group Foundation Partners With Mastercard Foundation On Covid-19 Response In Kenya

Equity Group Foundation (EGF), with support from the Mastercard Foundation, today announced a...

View More
Temporary Change of Business Operating Hours

Temporary Change of Business Operating Hours

View More
Health and Safety Update and It’s Impact on Doing Business

As Equity, we continue to comply and take precautionary measures for our customers and staff...

View More
Corona Virus Fact Sheet

Click below to read the Corona Virus Fact Sheet

View More
Letter To Kenyans

Now, more than ever, we invite you to make Banking something you do, not somewhere you go!

View More
Government Officially Launches Elimu Scholarship Programme

Replicates and scales the successful Wings to Fly scholarship model by targeting 18,000...

View More
1,136 Top Performing Students In Kcpe Awarded Wings To Fly Scholarships

Equity Group has today commissioned the 2020 cohort of Wings to Fly scholars at a ceremony held...

View More
Equity Bank Triple Win at International Banking Awards

Equity Bank Triple Win at International Banking Awards.

View More
Equity Bank Global Scholars Hits A Total Of 519

Fifty six Equity Leaders Program (ELP) scholars have been admitted to various top tier...

View More
Equity Bank Kenya enters into partnership with AGCO through Local Dealer FMD East Africa

Equity Bank Kenya enters into partnership with AGCO through Local Dealer FMD East Africa.

View More
Equitel’s Mobile commerce payments continue to drive growth for the operator

Equitel’s Mobile commerce payments continue to drive growth for the operator.

View More
Equity Taps World Bank Expatriate As It Gears Up For Pan African Expansion And Accelerated Digitization

Equity taps World Bank Expatriate as it gears up for Pan African expansion and accelerated...

View More
Equity Appoints Veteran Insider for Managing Director Position

 Equity Bank Kenya, a subsidiary of Equity Group Holdings Plc today announced the appointment of...

View More
Equity Bank Kenya enters into partnership with Toyota Kenya Limited

Equity Bank Kenya and Toyota Kenya Limited have today signed a partnership agreement that will...

View More
Equity and Safaricom Sign Landmark Agreement

Equity Group Holdings PLC (NSE: EQTY) and Safaricom PLC (NSE: SCOM) have today announced plans to...

View More
2018 Kcpe Top Performing Scholars Awarded Wings to Fly Secondary School Scholarships

This year, Equity Group received nearly 20,000 applications from all counties across the country...

View More
13 Wings to Fly Scholars Score Straight A in the 2018 KCSE Examination

Thirteen Wings to Fly beneficiaries were among the students who scored straight A’s in the...

View More
Equity Bank’s Christmas Carols Ring Out This Festive Season

Christmas carols have been around for years and set the stage for celebrating the birth of...

View More
Equity To Play Key Role In Creating 5 Million Jobs Or Kenyans

Equity will deploy its banking infrastructure as well as the Equity Group Foundation platform to...

View More
Equitel Enhances Convenience and Security with New Multiple User Feature Targeting Groups & Chamas

Investment groups, chamas and joint account holders can now withdraw cash from their Equity Bank...

View More
Service finder
Equity Bank is Regulated by Central Bank of Kenya