KCB Bank Kenya has donated 1 million reusable face masks to support the reopening of learning institutions which kicked off today.
The initiative seeks to facilitate protecting learners and school administrators from contracting Covid-19 as well as reducing the risk of spreading of the disease. This follows a call by the government for a phased re-opening of schools after a seven month break in response to the COVID-19 pandemic.
The masks will be distributed to needy students from schools across the country.
“We are catalyzing the reopening of the institutions to ensure a seamless process as well as guarantee the sustainability of the resumption of studies, noting that the virus is still here with us,” said KCB Group CEO and MD Joshua Oigara while presenting some of the masks to the Education Cabinet Secretary Professor George Magoha at Olympic Primary School, Kibera, Nairobi on Monday morning. “This is one of the all-round initiatives which we have rolled out, including a financial support mechanism to boost schools operations. This will enable both public and private schools to access loan facilities towards complying with health guidelines set by the ministries for Education and Health,” he added.
Further to the donation of masks, KCB has announced a commercial commitment to aid the rapid reopening of public and private schools with a wide variety of financial support solutions including loans of up to KShs.250 million among other products to ease school reopening pressures.
Prof Magoha said: “We would like to applaud KCB for offering both financial and non-financial support to institutions as they get ready to effectively reopen while at the same time ensuring the safety of the stakeholders and we will keenly observe the partial reopening for the three classes before making a determination to reopen all schools. The donation made by KCB will go a long way to ensure the safety of our students as they go back to school.”
The Bank has restructured loans and overdrafts worth more than KShs. 1billion for the learning institutions since the pandemic struck and the institutions will continue enjoying repayment holidays as they resume operations. The Bank has supported the education sector through various initiatives and will continue working with over 23,000 learning centres to deliver a seamless experience in education financing.
Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]