Ecobank Re-launches Foundation

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Ecobank has announced the re-launch of its foundation, the Ecobank Foundation, with a new strategy and focus.

The new strategy was presented in Canada, on the side-lines of the Global Fund’s Fifth Replenishment conference held recently.

According to a statement, health, education and financial inclusion are the three key areas of the Ecobank Foundation’s renewed vision. Working with partners across the African continent, the bank said it is set to enhance the lives of communities across Africa.

Ecobank Group Chief Executive Officer, Ade Ayeyemi said: “Ecobank’s founding fathers established a Pan-African bank to support Africa’s transformation. We are committed to financial inclusion to extend financial services to Africa’s low-income segments, including the unbanked. We are re-launching the Ecobank Foundation to accelerate efforts towards this transformation.”

Also, Ecobank Foundation’s Chief Executive Officer, Julie Essiam said: “The African private sector is the continent’s engine of growth. The Foundation will leverage Ecobank’s considerable strengths and resources as a financial institution to empower and improve the lives of Africans now and in the future.”

The Ecobank Foundation aims to become the go-to partner for organisations interested in the transformation of Africa.

It stated that the Foundation has renewed its partnerships with the Global Fund to Fight AIDS, Tuberculosis and Malaria for a further three years. Programmes supported by the Global Fund partnership have put 9.2 million people on antiretroviral treatment for HIV, provided 15.1 million people with TB treatment and distributed 659 million mosquito nets to protect families from malaria.