REMARKS
BY
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GOVERNOR
CENTRAL BANK OF KENYA
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The Rt. Hon. Raila Odinga, Prime Minister of
the Republic of Kenya;

Governor’s Remarks at Launch of Equity Group/Master Card Foundation Scholarship
Hon. Prof. Sam Ongeri, Minister for
Education;
Mr. Peter Munga, Chairman of Equity Bank;
Dr. James Mwangi, Chief Executive Officer,
Equity Bank;
Distinguished Guests;
Ladies and Gentlemen:
1. I am honoured to join you this morning on
this important occasion. Let me at the
outset acknowledge the presence of the
Right Honourable Prime Minister and the
Honourable Minister of Education. Your
presence here is testimony to the emphasis
that the Government of Kenya places on
education.
2. Allow me also to salute the Equity Group
Foundation and the Master Card Foundation
on the launch of scholarships for top primary
school performers. This is a worthy extension

Governor’s Remarks at Launch of Equity Group/Master Card Foundation Scholarship
of the corporate social responsibility activities
of Equity and Master Card. I urge other
entities to take up similar initiatives.
3. Developing the requisite human capital
base is the cornerstone for Vision 2030.
Endogenous growth models emphasize the
role of human capital. Inadequate human
capital will choke growth and condemn the
country to a low equilibrium trap.
4. The focus of this Foundation on high
performing students from vulnerable
backgrounds who may easily drop out of
the education system should serve as the
best signalling mechanism for hard work
and excellence.
5. I look forward to the success of this
Foundation and the rolling out of similar
schemes by the corporate sector. I am sure
that these scholarships will nurture

Governor’s Remarks at Launch of Equity Group/Master Card Foundation Scholarship
Kenya’s next generation of
transformational leaders.
6. It is now my pleasant duty to invite the
Honourable Minister for Education to
address this distinguished gathering.
Honourable Minister, You have the floor