[ 2016-10-10 ]

Ecobank renews partnership with Global Fund
Ecobank Transnational Incorporated, the leading
Pan-African financial institution, through its
Foundation, has renewed its partnership with the
Global Fund to Fight AIDS, Tuberculosis and
Malaria for a further three years.

The relationship between the two organisations
began in 2011, and the new agreement formalises
Ecobank’s support for the Global Fund’s work
in Africa. 


A selected high-level audience composed of
business leaders and development experts were
present at the signing ceremony on September 16
2016, in Montreal, Canada. The event, ‘Changing
Africa: Enabling growth through the private
sector’, led by the Chief Executive Officer of
the Ecobank Foundation, Ms. Julie Essiam, took
place on the side-lines of the Global Fund’s
Fifth Replenishment Conference. According to the
terms of the agreement, Ecobank Foundation will
work with the Global Fund to build the partnership
into an engagement and advocacy platform for
organisations and individuals who share a vision
of accelerating the transformation of Africa.

Ade Ayeyemi, Ecobank Group Chief Executive
Officer, pledged USD3 million at the Global Fund's
Fifth Replenishment Conference in Montreal.
Canada’s Prime Minister Justin Trudeau hosted
the event attended by Heads of State, government
officials and hundreds of private sector and
development leaders from across the globe. The
Fifth Replenishment raised USD 12.9 billion with a
goal of saving 8 more million lives.

Mr. Ayeyemi said, “Our job as bankers is to
build the technical infrastructure that brings
tens of millions more Africans into a more formal
financial system. Ecobank’s founding fathers
established a Pan-African bank to support
Africa’s transformation. We are pleased to renew
our productive partnership with the Global Fund. I
am confident that we are a step closer to enabling
prosperity across Africa.”

Through its Foundation, Ecobank will continue to
take a prominent role with the Global Fund To
Fight against AIDS, Tuberculosis and Malaria on
the African continent.

Julie Essiam, Chief Executive Officer, Ecobank
Foundation signed the agreement with Mark Dybul,
Executive Director, Global Fund. She said, “The
Ecobank Foundation is pleased to be part of a
historic moment with the Global Fund and what we
are trying to do in Africa, which is to create a
“thriving Africa”, and a prosperous continent.
It is important for the private sector to
collaborate to ensure that we use our platforms to
unlock funds which will deliver sustainable
progress and prosperity to Africa.”

Programmes supported by the Global Fund
partnership have put 9.2 million people on
antiretroviral treatment for HIV, provided 15.1
million people with TB treatment and distributed
659 million mosquito nets to protect families from
malaria.

Mark Dybul, Executive Director, Global Fund said,
“We are excited about the Ecobank partnership,
which improves the impact of our grants in
numerous ways. When you workto advance financial
management, all the way down to sub-recipients in
rural areas, that’s hugely important for
development.”

The Global Fund is an organization designed to
accelerate the end of HIV/AIDS, tuberculosis, and
malaria as epidemics. As a partnership between
governments, civil society, the private sector and
people affected by diseases, the Global Fund
mobilizes and invests nearly US$4 billion annually
to support programmes run by local experts in more
than 100 countries and supports attainment of the
Sustainable Development Goals adopted by the
United Nations.

Source - Ecobank

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