Access Bank Plc, has announced a donation of $1 million to the Global Fund’s Gift from Africa” project redeemable over a 3-year period (2010 – 2012), with the first payout due this year.
By this corporate action, Access Bank becomes the first African private sector company to invest in the Global Fund programme under the organisation’s collaboration with African private sector in the fight against the triple pandemic of AIDS, Tuberculosis and Malaria.
Beyond demonstrating its commitment to corporate social responsibility, the donation by the Bank is in response to the Global Fund’s call for support from African private sector in the fight against the triple pandemic threatening the socio-economic development of the continent and the similarities between the Bank’s corporate social responsibility strategy and Global Fund’s intervention mission across the globe.
Speaking on the donation, Aigboje Aig-Imoukhuede, Group Managing Director/CEO, Access Bank said “the Gift from Africa project provides the Bank with an opportunity to lead other African private sector institutions and demonstrate to the world that Africans are prepared to share the responsibility for solving Africa’s challenges”.
He added that “Access Bank seeks to become a significant partner of the Global Fund and would bring its human, financial and other resources to bear in ensuring a result-oriented partnership outcome”
Access Bank is ranked amongst Africa’s leading financial institutions and has acquired financial strength by adhering to socially responsible goals. Over the past 5 years, the Bank has displayed a strong commitment to global health issues leveraging our people and financial resources to invest in successful health programmes in Nigeria and other African countries.
Access Bank is a socially responsible organization; with clearly developed strategy for facilitating societal development and well being. The Bank is one of Africa’s pre-eminent financial services groups, and has a full banking subsidiary in the UK and all monetary zones across sub Sahara Africa.
The Bank is ranked 12th in Africa and amongst the top 500 banks in the world by tier 1 capital as at March 31, 2010.