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Ecobank supports the Global Fund partnership by strengthening financial management capabilities of grant recipients in Nigeria, Senegal and South Sudan.
Ecobank is a leading pan-African financial institution that operates in 35 countries in Africa and embraces the mission of contributing to the economic and financial development of Africa.
Ecobank and the Ecobank Foundation joined the Global Fund partnership in 2013, to strengthen the financial management capabilities of grant recipients in Nigeria, Senegal and South Sudan. The initial contribution of US$3 million over three years included US$1.5 million in cash and in-kind services and training.
The trainings that Ecobank provides to Global Fund grant recipients are in in financial management skills, accounting and reporting. These trainings are expected to lead to improved grant applications, and implementation and evaluation processes.
In South Sudan, Senegal and Nigeria, Ecobank worked to strengthen the financial management capabilities of Global Fund’s recipients through the provision of technical assistance and capacity building expertise and services.
Through a partnership with Accounting for International Development (AfID) of the United Kingdom, Ecobank has used the information and analysis provided by the Global Fund and Sub-Recipients (the organizations or governments implementing programs supported by the Global Fund) to design and implement projects to provide financial management capacity building through Ecobank’s own training and through placement of AfID volunteer accountants.
Several different organizations benefited from the partnership: the HIV, tuberculosis and malaria programs of the Ministry of Health of South Sudan and Ministry of Health of Senegal, and six nongovernmental organizations in Nigeria.
“Access to quality health care for all is vital to the growth and prosperity of Africa. As an institution committed to the sustainable development of the continent, Ecobank shares many of the Global Fund’s objectives and we are proud to be partnering with the Global Fund in combating these three diseases throughout Africa.” Philip Chikwuedo Asiodu, Chairman of the Ecobank Foundation.
"This unique partnership demonstrates the commitment of African institutions like Ecobank using their own resources and knowledge to make a significant contribution to the sustainable development across Africa. Aligned to our vision and mission to develop Africa, at Ecobank, we help develop the communities we serve." Julie Essiam, Head of HR, and CEO of the Ecobank Foundation.
“Ecobank is a natural partner for us with our work supporting programs in sub-Saharan Africa. Ecobank’s commitment to offer services to strengthen the financial management capabilities of implementers is helping to facilitate the Global Fund’s support for local outreach to the most vulnerable in Africa.” Mark Dybul, Executive Director of the Global Fund.