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

The Co-operative Bank of Kenya has injected Ksh.100 million to the Covid-19 emergency fund as part of the lender’s efforts to support the containment of the coronavirus crisis.

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

“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,” noted Co-operative Bank Chief Executive Officer Gideon Muriuki.

“The Board of Directors and Staff of Co-op Bank is honoured to support with a key cash contribution of Ksh.100 million, preferably to be allocated towards purchase of critical ventilators.”

The banking sector executive further called on other players in the private sector to join in supporting the fight against the ongoing global pandemic.

“We once more request and appeal to other corporate institutions and Kenyans of goodwill to join hands and support this most worthy once-in-a-generation fight,” added Mr. Muriuki.

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 counter measures.

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.

“The effects of the Covid-19 pandemic have been felt globally and have impacted millions of lives. We remain committed to continue supporting our frontline heroes at this time and call for like-minded people and organizations to support in the fight to contain and end the pandemic,” said UAP Old Mutual Group CEO Peter Mwangi.