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Kenya Treasury to Set COVID-19 Emergency Response Fund, 10 Member’s Board Constituted

COVID-19 Emergency Response Fund

President Uhuru Kenyatta during a teleconference with IGAD member states at State House on Monday, March 30, 2020. PHOTO I PSCU

President Uhuru Kenyatta has constituted a 10-member board to oversee the proposed establishment of Covid-19 Emergency Response Fund.

The principal object of the Fund shall be to mobilize resources for an emergency response towards containing the spread, effects, and impact of the COVID-19 Pandemic.

State House Spokesperson, Kanze Dena-Mararo, in a statement that the initial capital of the fund shall be drawn from the Exchequer including voluntary salary cuts undertaken by senior ranks of the executive, judiciary, legislature and county governments.

“The Exchequer contributions shall be supplemented by donations by Kenyan individuals and corporate entities, grants from our development partners and multinational institutions, and such other gifts, subscriptions and contributions as the Fund may receive from time to time,” she said.

Once set up, the fund will be managed by a 10-member board to oversee the COVID-19 Emergency Response Fund.

The board will be chaired by Jane Karuku and its members include acting Safaricom CEO Micheal Joseph, Equity Group Chief Executive James Mwangi, Dr Narenda Raval, KCB CEO Joshua Oigara and Absa Bank Kenya PLC Managing Director Jeremy Awori.

Royal Media Services MD Wachira Waruru, Mohammed Hersi and Kenya Association of Manufacturers CEO Phyllis Wakiaga.

In the team, Kennedy Kihara will be the secretary to the board, the Head of State has designated Interior Cabinet Secretary Fred Matiangi and the Chairperson Council of Governors Wycliffe Oparanya as joint representatives of the government.


Coronavirus Pandemic and The Economic Threat, What Next for Kenya?

On the other hand, the Member States of the Intergovernmental Authority on Development (IGAD) have agreed to forge a joint approach to curb the spread of Coronavirus disease.

According to State House Kenya, the Heads of State tasked the IGAD Secretariat to urgently formulate a regional response to COVID-19 that adopts a whole-of-government approach. 

They also agreed to intensify information sharing including tracking of infected persons.

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