The Co-Operative Bank of Kenya has donated Sh100 million towards the Coronavirus (COVID-19) Emergency Fund that has been set up to beef up the countries fight against the coronavirus pandemic. The money will be channelled in the sourcing of critical life-saving medical supplies like ventilators.
“The Board of Directors and staff of Co-Op Bank is honoured to support with key cash contribution of Sh100m, preferably to be allocated towards purchase of critical ventilators,” the Group’s Managing Director and CEO Gideon Muriuki said in a statement.
“The outbreak of Covid-19 pandemic is the biggest crisis of our time, particularly in the effort to source the critical lifesaving medical supplies and equipment especially ventilators that are short in supply globally.”
The group has called on other corporate organisations and well-wishers to donate to the Covid-19 kitty to help the country fight the virus.
The fund constitutes a 10-member board consisting of the country’s top CEOs who were tasked with mobilising and managing resources for fighting coronavirus.
On March 31st, President Uhuru Kenyatta appealed for organisations to chip into the COVID-19 Emergency Response Funds set up by the National Treasury. The emergency fund draws money from voluntary salary-cuts undertaken by the senior ranks of the Executive, Judiciary, Legislature and County Governments, donations by Kenyan individuals and corporate entities and grants from development partners and multinational institutions
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