In a statement last Friday, the Nairobi based group said Dr Mwangi who is also Executive Chairman Equity Group Foundation, got the ‘Nobel Prize for Business’ after a committee consisting of past Nobel Prize winners in Peace and Economics who include Ouided Bouchamaoui of Tunisia, Leymah Gbowee of Liberia, Finn Kydland of Norway and Eric Mask from the US named him as this year’s winner.
“Dr James Mwangi receives the award for his business worthy values in championing financial inclusion for all in East and Central Africa. Dr Mwangi helped achieve a social revolution by bringing banking services to people who previously had limited access to them, bolstering Kenya’s GDP,” said Per Saxegaard who is founder of Oslo Business for Peace Award.
Saxegaard further noted that Dr Mwangi is an exceptional entrepreneur and humanitarian hence the committee sees him as a shining example of how business leaders can accelerate change and help solve the world’s problems.
“In a world of various complexities such as globalization, polarization and environmental struggles, this year’s honourees have led by using business as a tool for change. They are role models to society and their peers, have earned stakeholders’ trust, and stand out as advocates,” Saxegaard noted.
“Through their business activities they have made substantial contributions towards reaching the UN Sustainable Development Goals, specifically Goal 8: helping to achieve sustained, sustainable and inclusive growth and decent work for all,” he added.
On receiving the award, Dr Mwangi dedicated the same to Equity Group’s staff and to the millions of customers who have continuously inspired them by trusting and believing in a common purpose and dream.
“By walking with us, they have demonstrated resilience in pursuing their dreams and have emerged winners by improving their lives and livelihoods and bringing joy and happiness to their families and communities,” he noted while adding that the award is also being shared with micro, small and medium entrepreneurs (MSME customers) who wake up every day to create wealth and opportunities for the society.
Dr Mwangi was chosen alongside two other global leaders, Joji Felicitas Pantoja, Co-founder of Coffee for Peace in the Philippines, and Marc Benioff who is Chair and CEO of Salesforce in the US.