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in Economics

Ecobank wins Africa’s Best Bank for CSR in Euromoney Awards for Excellence 2020.

thevaultzby thevaultz
July 16, 2020
Reading Time: 3 mins read
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Ade Ayeyemi - CEO of Ecobank Group

Ade Ayeyemi - CEO of Ecobank Group

Ecobank, the leading pan-African banking group, has won the coveted prize of Africa’s Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence 2020.

Euromoney Award recognises Ecobank’s focus on sustainability and partnerships as well as its core capabilities in delivering positive social and environmental outcomes across Africa.

In a statement released by the Chief Operating Officer of the Ecobank Foundation, Carl ManlaCarl Manlan,n, said:

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Carl Manlan – Chief Operating Officer of the Ecobank Foundation

“At Ecobank, we leverage human capabilities and other core resources to partner for African transformation. We are passionate about co-designing partnerships to drive change at community levels across our pan-African footprint. The Euromoney Award for Excellence recognizes our collaboration with African communities and like-minded partners.”

Also, the CEO of Ecobank Group, Ade Ayeyemi said:

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Ade Ayeyemi – CEO of Ecobank Group

“The Ecobank Foundation is doing amazing work in delivering on its commitment to improve the quality of life of people across the African continent. The Foundation should be rightly proud of its ceaseless impact and the real difference that it is making in numerous parts of the continent. Through the Foundation, our Group leverages its resources and capabilities to contribute to the economic and social development of Africa.”

The statement further noted that, Ecobank’s Corporate Responsibility primarily concentrates on three key areas comprising, health, education and financial inclusion.

In the statement, it outlined some recent partnership examples which include Ecobank’s three-year campaign to raise awareness of Non-Communicable Diseases (NCDs) and educate communities by providing key information about the dietary and lifestyle changes, required to help prevent NCDs such as cancer and diabetes. Ecobank Day is our volunteer community day targeted at helping the vulnerable sectors in our local communities.

Ecobank’s Group Chairman Sustainability Award, which emphasizes the Bank’s role in each country in designing innovative, replicable and scalable solutions driving sustainable environmental and social change.

Ecobank Togo was also the 2020 winner for its support for Government efforts to provide electricity to 300,000 rural households and businesses through solar energy kits.

African economies’ health recovery is vital. In effect, Ecobank contributed about US$3 million in the form of cash, healthcare equipment and medical supplies.

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Moreover, Ecobank deployed its financial capabilities for the African Union’s Centre for Disease Control and Prevention to enable every citizen and member of the diaspora to contribute to the Pan-African COVID-19 response.

Earlier this month, Ecobank rolled out its ‘Zero Malaria Business Leadership initiative.’ This was launched in partnership with Speak Up Africa to eliminate malaria across Africa through private sector-led initiatives that increase financing and take stronger and better-targeted actions to support national malaria control programmes.

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Tags: Ade AyeyemiEcobankEuromoney Awards for Excellence 2020
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