Ecobank renews Partnership with the Global Fund
Our job as bankers is to build the technical infrastructure that brings tens of millions more Africans into a more formal financial system
Ecobank Transnational Incorporated (www.Ecobank.com), parent company of the leading Pan-African financial institution, the Ecobank Group, has through its Foundation, renewed its partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria for a further three years. The relationship between the two organisations began in 2011 and the new agreement formalises Ecobank’s support for the Global Fund’s work in Africa.
The selected high-level audience at the signing ceremony in Montreal, Canada on 16 September included business leaders and development experts. Ms. Julie Essiam, Chief Executive Officer of the Ecobank Foundation, led its delegation to the event, ‘Changing Africa: Enabling growth through the private sector,’ which took place on the sidelines of the Global Fund’s Fifth Replenishment Conference.
According to the terms of the agreement, the Ecobank Foundation will continue to work with the Global Fund to build the partnership into an engagement and advocacy platform for organisations and individuals who share a vision of accelerating the transformation of Africa.
Ecobank Group Chief Executive Officer Ade Ayeyemi pledged USD3 million at the Global Fund's Fifth Replenishment Conference. Canadadian Prime Minister Justin Trudeau hosted the event, which was attended by heads of state, government officials and hundreds of private sector and development leaders from across the globe. The Fifth Replenishment raised USD 12.9 billion with a goal of saving 8 more million lives.
Ade Ayeyemi said : “Our job as bankers is to build the technical infrastructure that brings tens of millions more Africans into a more formal financial system. Ecobank’s founding fathers established a pan-African bank to support Africa’s transformation. We are pleased to renew our productive partnership with the Global Fund. I am confident that we are a step closer to enabling prosperity across Africa.”
Through the Ecobank Foundation, Ecobank will continue to play a prominent role with the Global Fund in the fight against AIDS, tuberculosis and malaria on the African continent.
Julie Essiam signed the partnership rewewal agreement between the two institutions with Mark Dybul, Executive Director of the Global Fund. She said : “The Ecobank Foundation is pleased to be part of a historic moment with the Global Fund. What we are trying to do is to create a “thriving Africa,” and a prosperous continent. It is important for the private sector to collaborate to ensure that we use our platforms to unlock funds that will deliver sustainable progress and prosperity to Africa.”
Programmes supported by the Global Fund partnership have put 9.2 million people on antiretroviral treatment for HIV, provided 15.1 million people with tuberculosis treatment and distributed 659 million mosquito nets to protect families from malaria.
Mark Dybulsaid : “We are excited about the Ecobank partnership, which improves the impact of our grants in numerous ways. When you work to advance financial management, all the way down to sub-recipients in rural areas, that’s hugely important for development.”
The Global Fund is an organisation designed to accelerate the end of HIV/AIDS, tuberculosis, and malaria as epidemics. As a partnership between governments, civil society, the private sector and people affected by diseases, the Global Fund mobilises and invests nearly US$4 billion annually to support programmes run by local experts in more than 100 countries and supports attainment of the Sustainable Development Goals adopted by the United Nations.
Distributed by APO Group on behalf of Ecobank.
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About the Ecobank Foundation
The Ecobank Foundation (www.EcobankFoundation.org) was created to positively impact the lives of people across Africa. Established by the Ecobank Group, the leading pan-African bank, the Ecobank Foundation is positioned to contribute towards the continent’s transformation, particularly in the communities in which the bank operates. The Ecobank Foundation partners with organisations to provide relevant experience and expertise in the field of health, education and financial inclusion. For more information, visit ecobankfoundation.org or follow it on Twitter at @EcobankFdn.@EcobankFdn
About Ecobank Group
Incorporated in Lomé, Togo, in 1988 Ecobank Transnational Incorporated (‘ETI’) the parent company of Ecobank is the leading independent pan-African banking group. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs over 20,000 people in 40 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.
Additional information on Ecobank can be found at ecobank.com.