Equity Group has made a commitment to support farmers and traders within the leather value chain.
This was announced by the Equity Group Managing Director & CEO, Dr. James Mwangi, during a roundtable discussion held at Equity Centre. The discussion, organized in collaboration with KenInvest and the Ministry of Investments, Trade and Industry (MITI), focused on unlocking opportunities to enhance the leather sector’s growth.
This collaboration aims to position Kenya as a competitive force in the leather industry both within Africa and globally.
In his speech, Dr. Mwangi highlighted how Equity is ready to empower local farmers and traders, offering access to crucial financing and strategic tools to help them compete at the highest level.
“Equity is keen on making the leather industry players competitive against their counterparts not just in Africa but globally.
We are ready and have even set up mechanisms, including the German Desk and other channels, to help farmers and traders access the European markets.”
The PS for Ministry of Investments, Trade and Industry, Dr. Juma Mukhwana and PS Ministry of Agriculture and Livestock Development, Jonathan Mueke, commended Equity’s commitment to the sector, stressing the importance of private sector support.
Dr. Mukwana noted, “The government has prioritized the leather industry in its manifesto, and the willingness of Equity to play a leading role in financing players in the sector is a major boost.
Mueke said, “The government has provided the right policies and incentives. Equity’s role as a financial catalyst will help commercialize the leather sector and transform lives through sustainable growth and opportunities.”
KenInvest CEO, John Mwendwa, said, “Thanks to Equity, we’ve had the chance to discuss the leather industry’s challenges and opportunities. The insights from these discussions will help shape a pitch for global investors, benefiting farmers, traders, and stakeholders.”
The CEO Kenya Private Sector Alliance (KEPSA), Carole Kariuki said, “Kenya’s leather industry holds immense potential. With the right government policies and financial support from Equity, Kenya can unlock this potential, creating jobs and generating wealth for the country.”
With the policy framework in place, the private sector’s role is now crucial to scaling the leather industry.
Through collaborations and innovative financing solutions, Equity is playing a pivotal role in transforming the lives of those in the leather value chain while contributing to job creation and sustainable development.
