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Business News of Sunday, 29 March 2020

Source: GNA

Coronavirus: UBA announces $14m relief support across Africa

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The United Bank for Africa Plc (UBA) has announced a donation of over $14 million through the UBA Foundation, to a comprehensive pan-African response to the fight against the Coronavirus (COVID- 19) pandemic.

The donation will provide significant and much-needed support to Nigeria and 19 other African countries.

A statement issued in Accra by the Bank said the donation would go to supplying relief materials, critical care facilities, and financial support to Governments.

The UBA support programme will be allocated as follows: $2.8 million to Lagos State Government in Nigeria, $1.4 million to Nigeria’s Federal Capital Territory, Abuja and $2.8 million to the remaining 35 states in Nigeria.

The rest are $4.2 million to UBA’s presence countries in Africa, $2.8 million for Medical Centres with equipment and supplies and a Free Telemedicine call centre facility.

The pan-African bank will fund a medical centre immediately in Lagos, Nigeria, with beds for isolation and ICU facilities, managed and operated in partnership with Heirs Holdings’ healthcare subsidiary, Avon Medical Hospital.

In addition, UBA is providing a free telemedicine platform, that is physician-led, to provide direct access to medical advice to citizens, in compliance with social distancing requirements.

Mr Tony O. Elumelu, UBA Group Chairman said ‘this is a time when we must all play our part.'

He said this global epidemic must bring citizens, governments and business leaders together and quickly.

He said “As we see a rapidly increasing number of cases of the COVID-19 in Nigeria and Africa, the private sector has to work hand in hand with various Governments, in stemming the spread of the global pandemic," he added.

The Group CEO commended the efforts of governments and said 'we are keen to partner and contribute our resources to the collective effort that will ensure the response to the pandemic is swift and effective.'

Operating in 20 African countries and globally in the United Kingdom, the United States and France, the United Bank for Africa has a strong record of supporting its communities, through challenging times.