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Home»BigEye Money»Local Business»Stanbic Bank donates Ugx 140 million in relief food to vulnerable communities
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Stanbic Bank donates Ugx 140 million in relief food to vulnerable communities

BigEyeUg1By BigEyeUg1June 2, 2020
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Stanbic Bank contributed Ugx 140 million used for purchasing food items for the communities in which they are operating in.

By Our Reporter

In a bid to support vulnerable communities across the country that have been affected by the COVID-19 lockdown, Stanbic Bank contributed a further Ugx 140 million used for purchasing food items for the communities in which they are operating in.

Through the different branches across the country Stanbic Bank employees distributed food items to over 4,000 individuals among vulnerable communities across the country.

Speaking during the handover of food items to Loving Hearts Babies Home, Munyonyo children’s home, Stanbic Bank Uganda Corporate Social Investments Manager, Ms Barbara Kasekende said, “At Stanbic Bank, we understand the drastic effects the lockdown has hard on some of the communities in which we operate it. As a business, we are reaching out to show our support and further encourage the vulnerable in our communities.”

“Stanbic’s sustainability vision focuses on Social, Economic and Environmental (SEE) goals, where we aim to ensure we create shared value in the societies and environment in which we operate.” She added.

One of the communities supported, Loving Hearts Babies Home, Munyonyo has over 30 babies and 13 members of staff at the moment. The Loving hearts team also reaches 200 plus homes in the community.

Stanbic had earlier contributed UGX 100 million towards the National COVID19 task force, and another UGX 20 million through the Uganda Bankers Association.

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