By Omobola Tolu-Kusimo
Sanlam Rising Markets (SEM) has thrown its weight behind the combat in opposition to the unfold of the Coronavirus in all of the markets that mirror its enterprise footprint each in Africa and different worldwide markets the place it operates.
An announcement made accessible by Petra Steenkamp of Sanlam Group Communications said that Sanlam is donating R45 million (about USD2.three million) to assist varied initiatives to combat the pandemic in Africa and different territories the place SEM has a enterprise presence.
Sanlam, which owns stakes in FBNInsurance, additionally owns stakes in monetary companies corporations in Namibia, Botswana, Swaziland, Lesotho, Zimbabwe, Mozambique, Mauritius, Malawi, Zambia, Tanzania, Rwanda, Uganda, Kenya, Burundi, amongst others.
SEM Chief Government Officer, Mr Heinie Werth mentioned there are over 11,000 reported instances of Coronavirus infections in Africa, and over 500 COVID-19 associated deaths reported based on the World Well being Organisation (WHO).
He said that the funds are aimed toward aiding efforts in ‘flattening the curve’ and to assist varied initiatives to fight the unfold and the affect of the virus and will probably be used for private protecting gear (PPEs), contributions to nationwide solidarity funds, meals reduction and help colleges with e-learning.
He added that every of the 32 nations in Africa in addition to different markets Sanlam operates in will probably be allotted funds to be used on the discretion of Sanlam subsidiaries and affiliate corporations in these nations to assist initiatives to combat the Coronavirus.
He mentioned: “We imagine this effort will contribute not solely in the direction of the combat in opposition to the coronavirus, but additionally in the direction of securing a sustainable future for all of the communities the place we do enterprise throughout the continent. As well as, the nation operations might contribute extra funds from their respective companies to reduction efforts.
“The dimensions and affect of this pandemic on each Africa’s folks and economies might be dire, but when we act in solidarity and collectively, we will contribute to the continued efforts to attenuate the affect of COVID-19.
“As a number one Pan-African monetary companies firm with a wealthy historical past of ‘doing effectively by doing good’ and good company citizenship, we’re proactively taking duty to assist the nations through which we function to combat COVID-19,” mentioned Werth.