The Ecobank Foundation has renewed its partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria for a further three years.
The Ecobank Foundation has renewed its partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria for a further three years. The renewal, which took place on the sidelines of Global Fund’s Fifth Replenishment Conference in Montreal, Canada, underscores Ecobank’s commitment to playing a greater role in Africa’s development and transformation.
Ecobank’s Group CEO, Ade Ayeyemi pledged USD3 million on the first day of the conference. He said, “Our job as bankers is to build the technical infrastructure that brings tens of millions more Africans into a formal financial system. Ecobank’s founding fathers established a Pan-African bank to support Africa’s transformation. We are pleased to renew our partnership with the Global Fund. I am confident that we are a step closer to enabling prosperity across Africa.”
Julie Essiam, CEO of the Ecobank Foundation, and Mark Dybul, Global Fund’s Executive Director, signed the Memorandum of Understanding.
Ecobank and the Ecobank Foundation joined the Global Fund partnership in 2013. They work together to support the Global Fund’s grant recipients by strengthening their financial skills. NGOs and public organisations receive training in financial management, accounting and reporting. The skills acquired in these training programmes lead to improved grant applications. Ecobank and the Ecobank Foundation also advocate globally on behalf of the Global Fund and mobilise Ecobank’s 17,500 employees.
Ecobank is one of two African private sector partners who support the Global Fund’s aim to end HIV, tuberculosis and malaria.