The Ecobank Foundation partners with the Global Fund to Fight AIDS, Tuberculosis and Malaria to deliver a programme that alleviates financial bottlenecks by strengthening the skills of grant recipients in Nigeria, Senegal and South Sudan.
The Global Fund mobilises USD4 billion a year, 65% of which is dedicated to sub-Saharan Africa. Strong financial management is essential for non-governmental organisations and public organisations that receive these grants to support HIV, tuberculosis and malaria programmes in the target countries.
In December 2013, Ecobank entered into a partnership with the Global Fund to provide financial management training to Global Fund staff in selected grant recipient organisations. Through partner organisations, the Ecobank Foundation hires consultants to work alongside staff to provide relevant training in budgeting skills, risk management assessment and accounting system skills. The Global Fund Secretariat has already noticed improvements in many areas of grant implementation.
Ecobank’s contribution to the Global Fund – split in cash contributions and services in kind – adds up to USD3 million pledged over three years. The Foundation is also a member of the Global Fund’s Innovation Coalition.
See how it works here or read more about the project.