Stan Chart commits Covid-19 Personal Protective Equipment

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Amid the global pandemic of COVID-19 and with Zimbabwe presently on lockdown, Standard Chartered Bank Zimbabwe donated 14 000 masks to Zimbabwe Red Cross Society as they commit to help fight pandemic.

The Bank is responding to the need for Protective Equipment for health workers dealing with COVID-19 cases across the country.

The bank’s chief executive, Ralph Watungwa expressed that these actions are underpinned by Standard Chartered’s claim to be ‘Here for good’.

“We are determined to live up to our brand promise. Our resilience means we can focus our efforts on supporting our clients and communities – both now, and through the longer-term renewal once this pandemic has subsided,” Watungwa said in a statement.

Accepting the donation, Zimbabwe Red Cross Society Secretary General, Maxwell Phiri thanked Standard Chartered Bank for the gesture and called for continued partnership in response to COVID-19 and other related Humanitarian programmes the Red Cross is championing.

“We would like to thank Standard Chartered for being a brand that cares.

“This gesture will go a long way in enhancing our COVID-19 response efforts and we hope our partnership will continue into the future,” Phiri said in a statement.

The donated face masks will be distributed to Red Cross field and clinic staff as well as other frontline and government staff involved in COVID-19 response efforts.

On 30th March 2020, the Bank announced globally that it will commit USD1 billion of financing for companies that provide goods and services to help the fight against Covid-19, and those planning the switch into making products that are in high demand to fight the global pandemic.

Companies in scope include all those associated with helping to tackle Covid-19, including manufacturers and distributors in the pharmaceutical industry and healthcare providers, as well as non-medical companies that have volunteered to add this capability to their manufacturing output – goods in scope include ventilators, face masks, protective equipment, sanitisers and other consumables.

A US$50 million global fund has also been setup to provide assistance to those affected by the Covid-19 pandemic.

The Standard Chartered Group will immediately donate US$25 million to support emergency relief in the most affected markets where the Bank operates.

The additional US$25 million will be raised from bank colleagues and directors, matched by the Group, to help communities to recover from the economic impact of the virus.

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