Machakos University Partners with Equity Bank to Unlock Opportunities for Staff and Students. Accelerating Development

In pursuit of its goal of “Creating Sustainable Futures,” Machakos University hosted Equity Bank officials on July 15th, 2025. The high-leveled meeting brought together MksU top leadership to develop a bold plan that will alter the experience of employees and students. The Vice Chancellor, Prof. Joyce Agalo; Prof. Mugendi M’Rithaa, DVC APF, Prof. Stanley Makindi, DVC RIL, Prof. James Muola DVC ASA, and Prof. David Mulwa, Registrar RIL, represented the university while Ms Mary Mungai and her associates represented Equity Bank.

In light of their common commitment to social and economic transformation, MksU and Equity Bank have developed a relationship based on confidence, excellent collaboration, and cooperation. This move ushers in a new chapter that will integrate education, financial stewardship, and technology to deliver great value to staff, students, and the wider community

From 3rd right Vice Chancellor Prof Joyce Agalo, Prof Mugendi M’Rithaa DVC APF, Ms Mary Mungai rep Equity Bank, Prof. Stanley Makindi DVC RIL, Ms. Terecia Mutunga ,Prof. David Mulwa Registrar RIL, Ms. Mumbi Mwihurih-Head Legal Affairs & Council Secretariat.

Innovation and Financial Digitalization

Equity Bank’s support has already revolutionized financial processes from fully digitized fee payment platforms to real-time transaction tracking. A proposed tech-driven approach such as automating payments, that will make transactions for graduate school easier, and digitalizing supplier invoicing.

Empowerment of Staff

Committed to supporting university staff, Equity Bank will offer robust financial literacy training.  Set to empower employees with the knowledge and confidence needed to make informed financial choices and access to long-term, affordable loan solutions. Staff wellbeing is a key priority in its overall university development agenda.

Strengthen Scholarships and Mentorship Programs 

The Equity Leadership Program at Machakos University is now providing support and guidance to a sizable number of students. There are plans to increase this influence.

Driving Innovation and Sustainability

Machakos University and Equity Bank are exploring joint projects to advance economic initiatives that will provide students with hands-on experience in sustainable business models.

A Shared Vision for Transformative Growth

Equity Bank expressed readiness to manage project-related accounts and extend comprehensive financial services. Machakos University’s major development projects are set to gain from an expanded financial ecosystem.

Vice Chancellor Prof. Joyce Agalo center, Prof Mugendi M’Rithaa DVC RIL right receiving a gift from Ms Mary Mungai rep Equity Bank, as a symbol of partnership.

Both institutions committed to the following as part of their agreed-upon plan:

•           Signing a new Memorandum of Understanding (MOU) to solidify the partnership

•           Offering customized loan packages tailored for staff

•           Introducing supplier financing solutions to improve liquidity

•           Conducting financial literacy workshops for university staff

This collaboration marks a transformative step towards sustainable growth, ensuring that Machakos University remains at the forefront of education, innovation, and financial empowerment.