Munga biography

  • munga biography

    • Peter Munga

    Kenyan businessman and entrepreneur

    Peter Kahara Munga is a businessman and entrepreneur in Kenya, the largest economy in the East African Community. He is the immediate past group chair of the Equity Bank Group,[1] the largest bank holding company on the African continent, by customer numbers, with over 9.2 million customers as of 31 June 2014.[2] He is reported to be one of the wealthiest individuals in Kenya, with a personal net worth exceeding US$100 million as of February 2014.[3]

    Background and education

    Munga was born in Kangema in Kenya's Central Province in 1943. He went to Gaichanjiru high school. He received an honorary Doctor of Philosophy degree from University of Nairobi.[4]

    Career

    In 1984, Munga founded Equity Building Society (EBS) in his hometown of Kangema, in Kenya's central highlands. With about KSh5,000 (about US$100 at that time) as starting capital, he convinced the Kenya g