EQUITY GROUP FOUNDATION PARTNERS WITH MASTERCARD FOUNDATION ON COVID-19 RESPONSE IN KENYA

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Equity Group Foundation (EGF), with support from the Mastercard Foundation, today announced a commitment of Ksh 1.1 billion to provide Personal Protective Equipment (PPE) to frontline medical staff dealing with COVID-19 patients in public hospitals in Kenya.

The commitment has been provided by Equity Bank (Ksh 300million) and the Mastercard Foundation (Ksh 500million) – a long-time trusted partner of EGF who are providing support as part of their Mastercard Foundation COVID-19 Recovery and Resilience Program. The funding also includes a donation of Ksh 300million from the family of Dr. James Mwangi, the Founding Chairman of EGF and Managing Director and Chief Executive Officer of Equity Group Holdings Plc.

EGF will work in partnership with the Ministry of Health and the COVID-19 Emergency Response Fund in this endeavour. This will ensure a coordinated effort on the national priorities of combating the pandemic, reap the benefits of economies of scale, maximise resource allocation and avoid duplication of efforts in the provision of PPEs.

Speaking while announcing the initiative, Dr. Mwangi said, “It started when my attention was drawn to a group of students and doctors who were raising funds for PPE’s for young post graduate students especially in Kenyatta National and Referral Hospital (KNH).” He added, “When I shared the need with my family, a robust discussion revealed the urgency to holistically address the issue as it was not prudent to provide the PPE’s to students without also focusing on the plight of the doctors, nurses, clinical officers, and medical staff.” Dr. Mwangi is a member of Kenya’s COVID-19 Emergency Fund Board.

Dr. Mwangi has thanked the Board of Equity Group Holdings, Equity Bank (Kenya) Limited, and the Board of Equity Group Foundation for their contribution and support of the investment.

President and CEO of the Mastercard Foundation Reeta Roy said, “Health care workers are at the frontlines of caring for all of us, safeguarding community health. We must keep them safe. We are grateful that this partnership meets the immediate needs precipitated by COVID-19, which the Foundation is prioritizing through our Mastercard Foundation COVID-19 Recovery and Resilience Program.”