Co-op Bank donates Ksh 100M to COVID-19 emergency fund

Written By: Beth Nyaga
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Co-op Bank donates Ksh 100M to COVID-19 emergency fund
“The Board of Directors and Staff of Co-op Bank are honoured to support with a key cash contribution of Ksh.100 million, preferably to be allocated towards the purchase of critical ventilators," CEO Muriuki

The Co-operative Bank has donated Ksh 100M to the COVID-19 emergency response fund for the purchase of ventilators to help meet demand as a result of the coronavirus outbreak.

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According to the bank, the cash contribution is set to be channelled towards the purchase of critical medical supplies.

“The Board of Directors and Staff of Co-op Bank are honoured to support with a key cash contribution of Ksh.100 million, preferably to be allocated towards the purchase of critical ventilators,” noted Co-operative Bank Chief Executive Officer Gideon Muriuki.

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“This is a critical moment for our country. The outbreak of the COVID-19 pandemic is the biggest crisis of our time particularly in the effort to source critical life-saving medical supplies and equipment, especially ventilators that are in short supply globally.”

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In a statement on Monday, Muriuki appealed to other corporate institutions and Kenyans of goodwill to join hands and support the fight against COVID-19.

Last week, President Uhuru Kenyatta directed the National Treasury to set up an emergency response fund overseen by a 10-member committee comprising players from both the public and private sector to strengthen the country’s COVID-19 countermeasures.

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The fund has since attracted donations including a Ksh.100 million contribution in the form of oxygen masks to government hospitals by Devki Group Chairman Narendra Raval.

On Monday, UAP Group Old Mutual Faulu Foundation committed Ksh.6 million for humanitarian initiatives in response to the pandemic in Kenya with Ksh.5 million going into the support of the national initiatives of containing the pandemic.

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Chinese billionaire and Alibaba co-founder Jack Ma in the fight against COVID-19 has also sent his second round of donation meant to help in combating the novel coronavirus.

The donation will be distributed to the 54 countries in Africa.

Jack Ma posted in his Twitter handle that the donations are on its way, including 500 ventilators, 200, 000 suits and face shields, 2,000 thermometers, 1 million swabs and extraction kits and 500,000 gloves.

The first round of donation which arrived in the country on March 24 at the JKIA.

 

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