Ecobank Kenya, a subsidiary of Pan-African banking group Ecobank Transnational and KCB Group on Wednesday channeled Ksh 10 million and Ksh 150 million respectively to the Covid-19 Emergency Response Fund.
Ecobank Kenya MD & Regional Executive Central, Eastern and Southern Africa (CESA) Cheikh Travaly said, “We believe that our contribution will go a long way in supporting the purchase of the much-needed medical facilities and crucial equipment necessary for the containment of this disease.”
KCB Group CEO Joshua Oigara said the bank’s contribution will help limit the spread of the virus and ease the related economic hardships faced by the communities.
“This pandemic is a new test of our collective strength and we must work together to address it. We are committed to playing our part to support this initiative and complement the Government’s effort in empowering the most vulnerable in our midst,” said Oigara.
Other institutions that have contributed towards the fund include:
The World Bank approved $50 million (Ksh 5 billion) to provide emergency funding for medical diagnostic services, surveillance and response, capacity building, quarantine, isolation and treatment centers, medical waste disposal, risk communications and community engagement as well as for strengthening of the country’s capacity to provide safe blood services.
The Co-operative Bank of Kenya donated KSh100 million to the kitty. The Independent Electoral and Boundaries Commission (IEBC) donated 1.2 million shillings.
The object and purpose of the Fund shall be to mobilize resources for emergency response towards containing the spread, effect and impact of COVID-19 pandemic.