FEATURED ARTICLE

Bank Commits Sh100 Million to COVID-19 Emergency Response

Share
Coronavirus cases in Kenya www.businesstoday.co.ke
The government, through Health Cabinet Secretary Mutahi Kagwe (above), issued regulations requiring everyone to wear a mask when in public. [ Photo / Ministry of Health ]
Share

NCBA Bank has committed Ksh100 million to help the fight against the Covid-19 pandemic. The funds will go towards the government’s Covid-19 Emergency Response Fund, which was set up by President Uhuru Kenyatta to mobilise resources to support the fight against Coronavirus.

The contribution by NCBA will go towards humanitarian support for the vulnerable members of the Kenyan society. This contribution adds to the heavy support that the Bank continues to extend to its customers through loan restructurings such as extensions and moratoriums.

“As a bank we acknowledge that we have a central role to play in supporting individuals, businesses and the economy during this crisis and facilitating a rapid and sustained recovery. Our contribution is aimed at protecting and safeguarding people’s lives in our community,” said Group Managing Director John Gachora.

The bank is also working closely with small and micro-enterprises, especially its customers, who are involved in the production and distribution of critical inputs in containing the spread of Covid-19. 

 These critical inputs include masks and food which will be distributed for in partnership with the COVID-19 Emergency Response Fund.

Face masks are one of the many critical non-pharmaceutical supplies that local industries have the capacity to produce for use by healthcare providers and the public.

The government issued regulations requiring everyone to wear a mask when in public.

NEXT >> SportPesa Set to Make a Grand Return to Kenya’s Betting Market

Written by
BT Reporter

editor [at] businesstoday.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
NSE
ANALYSIS

NSE Activity Hits a Pause Button After Monday Rally

NSE (Nairobi Securities Exchange) Market Activity hit by pause to breath this...

President William Ruto while signing the National Infrastructure Fund Bill into law
NEWS

The National Infrastructure Fund Begins Search for CEO

The National Infrastructure Fund, Kenya’s flagship infrastructure investment institution established to mobile...

Kenya Eurobond
ANALYSIS

Kenya is Considering Repurchasing Upto US$ 500m of its Outstanding Eurobonds

Kenya is considering repurchasing up to US$500 million of its outstanding Eurobonds...

NSE
ANALYSISSTOCKS

NSE: A snap shot of how trading session ended Thursday

(NSE), the Nairobi Securities Exchange extended its correction for a second consecutive...