Afreximbank Offers $1,5 Million To Cyclone Idai Survivors

The African Export-Import Bank (Afreximbank) announced that it has availed $1,5 million for the victims of Tropical Cyclone Idai which ripped through three countries, namely Zimbabwe, Malawi and Mozambique over two weeks ago.

The donation was approved by the bank’s board of directors during its meeting in Cairo on March 23. In a statement released by the bank, the president Benedict Oramah is quoted as saying:

He announced that the funds would be disbursed through the national relief agencies of the three countries, as they were well-placed to deploy them to the most critical areas of need in each country.

In addition to the official donation, Afreximbank staff members have launched an initiative to make voluntary contributions to support the relief effort. Such donations will be collected and forwarded to the affected countries.

According to reports, Afreximbank has intervened in the past to deal with natural disasters.

For instance, in 2014, it contributed $1 million to combat the outbreak of the Ebola virus disease, which affected several countries in West Africa.


More: Newsday

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