Indications that Equity Bank Chief Executive Officer (CEO) James Mwangi could be controlling a significant stake of the Mount Kenya University (MKU) came to light yesterday after he inspected development projects at the main campus in Thika.
Mwangi was hosted by MKU founder Simon Gicharu in a subtle manifestation that Mwangi could be having substantial interest in the fast growing university.
“Yesterday, I hosted Dr James Mwangi, CHief Executive Officer, Equity Bank, at my office in Thika Main Campus. We shared our common vision of supporting society change through education, youth empowerment and enterprise development.” Gicharu said.
Last month, MKU signed a Joint Venture Agreement (JVA) with a South African based firm, Stag African to establish a 3,000-bed student facility at MKU Happy Valley Grounds.
The multibillion project will be established along Thika-Garissa Road.
The deal was inked by Stag African CEO John Schooling and Gicharu.
Others present were Piet De Clerk and Mr Sean Kenealy.