UAP Old Mutual Group CEO Peter Mwangi. FILE PHOTO | NMG
Summary
- The financial services group, with operations in East Africa, said part of the fund – Sh1 million – would be used to support its over 400 casual workers in Kenya through provision of essential items such food, soap, water and sanitisers.
- The Sh5 million would be directed towards initiatives supporting provision of healthcare services through partnerships with government and private entities.
UAP Old Mutual Faulu Foundation has committed Sh6 million to combating the impact of Covid-19 pandemic.
The
financial services group, with operations in East Africa, said part of
the fund – Sh1 million – would be used to support its over 400 casual
workers in Kenya through provision of essential items such food, soap,
water and sanitisers.
The Sh5 million would be directed
towards initiatives supporting provision of healthcare services through
partnerships with government and private entities.
“The
effects of the Covid-19 pandemic have been felt globally and have
impacted millions of lives. We as the UAP Old Mutual Group, like many,
would like to extend our support to this fight,” Group CEO Peter Mwangi
said.
“Healthcare is a key pillar in our Foundation’s
strategy. We remain committed to continue supporting our frontline
heroes at this time and call for like-minded people and organisations to
support in the fight to contain and end the pandemic.”
UAP Old Mutual Faulu has operations in insurance, investment, asset management and banking.
The group joins other entities that have publicly announced their donations to the Covid-19 fight.
This
week Co-operative Bank and United Bank of Africa (UBA) announced Sh100
million and Sh15 million cash donations, respectively, to the to the
Covid-19 Response Fund, while Devki Steel Mills last week committed
oxygen worth Sh100 million to public hospitals.
Kenya has reported 172 coronavirus cases as at Tuesday, with nearly 5,000 people tested.
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