MONDAY, SEPTEMBER 26, 2016

Global Fund and Ecobank partner to improve financial management

The Global Fund announced on December 19 that it has entered into partnership with Ecobank to provide financing, support and donor aid worth $3 million over the next three years.

"Ecobank is a natural partner for us with our work supporting programs in sub-Saharan Africa," Executive Director of the Global Fund Mark Dybul said. "Ecobank's commitment to offer services to strengthen the financial management capabilities of implementers will help facilitate the Global Fund's support for local outreach to the most vulnerable in Africa."

Under the terms of the agreement, Ecobank will donate $1.5 million in cash to the Global Fund for the improvement of partner organizations' financial management in Africa. Ecobank will also supply in-kind services, training and fundraising support to the Global Fund. The agreement has an option to be extended for an additional two years.

Ecobank is a leading financial institution in the pan-African region. It operates in 35 African countries and seeks to improve the financial and economic conditions of Africa.

"Access to quality healthcare for all is vital to the growth and prosperity of Africa," Group Head of Corporate Banking Charles Kie, who represented Ecobank during the Global Fund's Fourth Replenishment, said. "As an institution committed to the sustainable development of the Continent, Ecobank shares many of the Global Fund's objectives and we are proud to be partnering with the Global Fund in combating these three diseases throughout Africa."