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Ecobank contributes $3 million to tackle COVID-19 in Africa

21 Apr 2020, 09:23 am
Financial Nigeria
Ecobank contributes $3 million to tackle COVID-19 in Africa

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Ecobank said it has taken a decision to remove bank charges on its digital channels.

Ecobank headquarters, Lome, Togo

Ecobank Group, a leading Pan-African banking group, has contributed about US$3 million to support the fight against COVID-19 pandemic across the continent. The bank, which has operations in 33 African countries, said on Monday that it has provided cash support and also contributed healthcare equipment and supplies to help the efforts of governments, the World Health Organisation (WHO) and the private sector in alleviating the effect of the pandemic on the most vulnerable population in Africa.

As of Monday, April 20, there were 23,785 cases of COVID-19 in Africa and 1,161 fatalities. Globally, over 2.4 million people have been infected by coronavirus, which has claimed the lives of more than 640,000 people. Ecobank said it is also providing strong and sustained awareness campaigns, as well as using its digital platform to provide cash to some vulnerable members of societies where the bank operates.

“Covid-19 is a major global threat adversely affecting all countries and our home, Africa, is particularly vulnerable,” said Ade Ayeyemi, Group CEO of Ecobank Group. “We believe in the importance of creating awareness in our communities, while also empowering them to protect themselves and their families as we battle the pandemic. We are particularly mindful of the needs of our communities and therefore focused on these to ensure positive impact both in our urban and rural areas.”

The bank employs over 15,000 people and serves about 20 million customers in the consumer, commercial and corporate banking sectors across Africa. Ecobank’s Group CEO added that the bank is paying close attention to the effect of COVID-19 on its various customers.

As part of its efforts to mitigate the impact of the disease outbreak on its customers, Ecobank said it has taken a decision to remove some bank charges on its digital channels. “We will continue to anticipate situations that may require our support as developments evolve.” Ade Ayeyemi said.

The bank stated the health and well-being of its staff and customers are its priority. For this reason, it is closely following COVID-19 preventive measures outlined by WHO, governments and health agencies.

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