The County Government of Nandi has reaffirmed its commitment to fostering strategic partnerships with various institutions to accelerate development and improve the livelihoods of its residents. In a significant move towards achieving this goal, the county has inked a Memorandum of Understanding (MOU) with Equity Bank and the Equity Group Foundation. This landmark agreement is designed to enhance collaboration in key sectors that are critical to the county’s socio-economic growth.
The MOU outlines several areas of focus, including:
Youth Empowerment: The partnership aims to create opportunities for the youth by providing them with the necessary skills, resources, and platforms to thrive in various fields. This initiative is expected to reduce unemployment and empower young people to contribute meaningfully to the county’s development.
Support for Micro, Small, and Medium Enterprises (MSMEs): Recognizing the pivotal role of MSMEs in driving economic growth, the collaboration will focus on providing financial and technical support to these enterprises. This will enable them to expand their operations, create jobs, and stimulate local economies.
Agribusiness Development: Agriculture remains a cornerstone of Nandi County’s economy. The partnership will prioritize agribusiness development by supporting farmers with modern farming techniques, access to markets, and value addition initiatives. This will enhance productivity and ensure food security while boosting farmers’ incomes.
Automation of Revenue Collection: To improve efficiency and transparency in revenue collection, the partnership will introduce automation systems. This will streamline processes, reduce leakages, and increase revenue collection, enabling the county to fund more development projects.
Provision of Credit Facilities for Qualified Persons with Disabilities, Youth, and Women Groups: The collaboration will also focus on inclusivity by providing credit facilities to marginalized groups, including persons with disabilities, women, and youth. This will empower them to engage in income-generating activities and improve their quality of life.
The signing of the MOU marks a significant milestone in Nandi County’s journey towards sustainable development. By leveraging the expertise and resources of Equity Bank and the Equity Group Foundation, the county government aims to create a conducive environment for growth and prosperity.
Speaking during the signing ceremony, H.E. Governor Stephen Sang emphasized the importance of partnerships in driving development. He reiterated the county’s commitment to working with like-minded institutions to uplift the lives of Nandi residents and create lasting impact.
Equity Bank’s Managing Director, Moses Nyabanda, also highlighted the bank’s dedication to supporting initiatives that uplift communities. He expressed optimism about the partnership’s potential to transform lives and drive sustainable development in Nandi County.
Also present at the event were Carol Ruto, Director of Retail and Branch Business at Equity Bank; Dr. Lydia Kosgei, Deputy County Secretary; Hon Hillary Serem, CEC Member for Finance; and Amos Magut, County Attorney. Their presence underscored the collective commitment to ensuring the success of this partnership.
The County Government of Nandi remains steadfast in its mission to improve the lives of its residents through innovative and inclusive development initiatives. This partnership with Equity Bank and the Equity Group Foundation is a testament to the county’s dedication to fostering collaboration and creating opportunities for all. As the implementation of the MOU begins, the people of Nandi can look forward to a brighter and more prosperous future.