Equity Bank has partnered with the Ministry of Tourism and Wildlife to handle disbursements in the administration of Kshs. 5.4 billion Wildlife Conservation fund established by the National Treasury, targeting over 300,000 victims of Human-Wildlife Conflict for the 2023/2024 financial year.
In a move aimed at supporting wildlife conservation efforts, Equity Group Managing Director and CEO Dr. James Mwangi joined His Excellency the President of the Republic of Kenya and Commander-in-Chief of the Defence Forces President William Ruto in Laikipia County at the Official launch of the Human-Wildlife Conflict Mitigation and Compensation Scheme.
During the launch, Kshs. 960 million, which is the first installment of the Kshs. 5.4 billion fund was received by Equity Bank for disbursement to victims of Human-Wildlife Conflict across the country.
Dr. Mwangi reiterated Equity Group’s commitment to environmental conservation through addressing human – wildlife conflicts and participating in countrywide tree planting efforts. Equity has planted over 25.2Million trees to date. He also expressed willingness in joining hands with the Ministry of Tourism & Wildlife in addressing key challenges, identifying possible opportunities and exploring sustainable ways of supporting stakeholders in unlocking Kenya’s tourism and wildlife full potential.
The Ministry of Tourism & Wildlife and Equity Group Foundation (EGF) through its Enterprise Development & Financial Inclusion and Energy & Environment pillars, aim to take the human-wildlife victims through Financial Literacy and Entrepreneurship training and education.
Equity has also joined the State Department for Wildlife in actualizing the presidential directive of growing 15 billion trees by 2032 and will actively be involved in programs targeting counties affected by human-wildlife conflicts and growing trees in protected areas, community wildlife conservancies and forest reserves.