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Categories Business

2022 Ring the bell for gender equality & KWFT signing of the women empowerment principles

KWFT is delighted to have attended the successful annual Ring the Bell ceremony in honor of celebrating the International Women’s Day which was held yesterday 8th March 2022 at the Pride Inn Azure Hotel in Westlands, Nairobi.

As a current trend, the Stock Exchanges around the world are hosting a bell-ringing ceremony to raise awareness for gender equality.

The Nairobi Securities Exchange (NSE) worked alongside the UN Global Compact, UN Women and International Finance Corporation (IFC) for the 8th consecutive year to organize the initiative. This year’s theme was “Gender equality today for a sustainable tomorrow”. The celebration aims at recognizing the contribution of women and girls around the world, who are leading the charge on climate change adaptation, mitigation, and response, to build a more sustainable future for all.

The event was well attended by esteemed players in both the government and the private sectors, they included: Hon. Keriako Tobiko, CS, Ministry of Environment and Forestry, Geoffrey Odundo – Chief Executive – Nairobi Securities Exchange (NSE), Ms. Judy Njino -Executive Director – Global Compact Network Kenya, Ms. Rose Lumumba – Manager – IFC Kenya, Ms. Rukaya Mohammed, Country Deputy Representative, UN Women, and other Key Stakeholders.

KWFT was delighted to receive a cordial invitation to give a key address, where the KWFT Managing Director, Mr. Mwangi Githaiga highlighted KWFT’s milestones achieved towards Women Empowerment based on the seven principles, this culminated into KWFT officially signing the Women’s Empowerment Principles (WEPs) and witnessed by the esteemed dignitaries, making KWFT the only women’s bank in Africa to be a signatory. This was a hallmark of KWFT’s commitment to promoting gender equality.

The Women’s Empowerment Principles (WEPs) was established by UN Global Compact and UN Women to offer guidance to company’s on how to promote gender equality and women’s empowerment in the workplace, marketplace and community.

In addition, KWFT’s Managing Director, Mr. Mwangi Githaiga was also a key participant in a panel discussion where they discussed imperative matters on promoting gender equality and improving access to finance and market.

This event fortified the pivotal role that KWFT plays in supporting women to achieve the Sustainable Development.

Categories Business

KWFT joins the United Nations Global Compact Network

KWFT is delighted to be the first Microfinance to join the United Nations Global Compact Network as part of the Institution’s ongoing efforts to work collaboratively with like-minded partners to advance sustainability and support the delivery of the UN Sustainable Development Goals (SDGs). The launch event was held on 12th October 2021 at the KWFT Centre yesterday.

The UN Global Compact has grown to be the world’s largest corporate sustainability initiative and global movement of more than 13,000 businesses across 160 countries and works to accelerate and scale the collective impact of businesses by upholding the Ten Principles on Human Rights, Labour, Environment, and Anti-corruption as well as delivering the SDGs.

The Network will give KWFT a platform to showcase its journey in transforming the lives of its customers as well as learn best practices from other Network Members. The Institution commits to align its operations and strategies with the Ten Principles into its corporate strategy, value systems, culture, and operations.

In addition, KWFT will diligently keep track of the progress and share its successes with the rest of the Network Members, enhance its participation in the sustainable business and development space as well as position the Institution on social impact.

Categories Business

KWFT’s Mark of Excellence – SFI Catalyst Awards

KWFT is delighted to have triumphed during the Catalyst Awards 2019. The awards launched the Kenya Bankers Association (KBA) in 2016, over the years have sort to recognize and celebrate institutions that practice catalytic finance which has a direct impact on the financial industry, economy and the society at large.

This year, the Catalyst Awards attracted 47 entries from 14 financial institutions, they included; KWFT, ABC Bank, Barclays/Absa, Co-operative Bank, Credit Bank, DTB, Equity Bank Group, Faulu Microfinance Bank, KCB Bank, National Bank, NCBA, Rafiki Microfinance Bank, Stanbic Bank and Standard Chartered Bank. It is worth to note that Kenya Bankers Association has a membership of 46 Banks.

The awards celebration was held on Friday 15th, November 2019 at the Serena Hotel Nairobi and presided over by the Central Bank of Kenya Governor Dr. Patrick Njoroge.

KWFT’s performance was exceptional as we were the only Microfinance Bank which was awarded for having embedded Sustainable Finance Practices in all our banking operations.

The Institution submitted strong cases in its entry categories which went through a rigorous judging process where KWFT came out strong as follows:

  • Category 2(D): Promoting Gender Inclusivity – Winner
  • Category 7: Most Improved Bank Award – Winner
  • Category 2 (A): Financing Small Medium Enterprises – 1st Runners Up
  • Category 6: Best Overall Bank Award – 2nd Runners Up

KWFT commends the Kenya Bankers Association for providing a platform that encourages all Financial Institutions to embrace the Sustainable Finance Initiative (SFI) guiding principles to ensure the success of the banking industry.

KWFT will continue to offer sustainable solutions while encouraging gender inclusivity to foster financial inclusion for sustainable economic development.

Categories Business

KWFT Shines at the Nairobi International Trade Fair

The annual Nairobi International Trade Fair was this year held from 30th September to 6th October 2019. The trade fair attracted over 500 exhibitors from all over the world, who came to display their products and services. The event was also attended by thousands of people who came to learn more about emerging technologies in various industries, visit stands for various establishments as well as to have fun.

The colourful week event was officially opened by the ASK Patron, His Excellency President Uhuru Kenyatta on Wednesday 2nd October 2019. During the opening ceremony, the KWFT Managing Director Mr. Mwangi Githaiga was awarded the Life Governor Award by the President. This award was given to Mr. Mwangi for supporting agribusiness initiatives, which are aimed at ensuring food security at the National level and poverty eradication.

On Thursday 3rd October 2019, the show was graced by His Excellency the Deputy President, Dr. William Samoei Ruto. He was hosted at the KWFT stand by GM Marketing, Communications and Innovation, Juliana Wanjiru, GM Nairobi Zone, Charity Kabiru, Senior Manager- Product Sales – Agribusiness, Albert Bundi and the Nairobi Zone Regional Managers.

KWFT was recognized for its excellence in the following categories:

  • Best Stand in Current Show Theme Interpretation – Position 1
  • Best Microfinance Institution Stand – Position 1

KWFT stood out with an impressive stand which was strategically located along the main street of the showground. The stand also had a demo farm and various agri-assets on display. Some of the assets on display were two tractors, a pickup, a mini milk dispensing machine and a milking machine.

KWFT appreciates everyone who visited the Institution’s stand and remains committed to transforming lives.