Ecobank Group Launches New Private Sector Initiative To End malaria

Ecobank Group on Thursday confirmed its commitment to end malaria by launching the first-of-its-kind Zero Malaria Business Leadership Initiative in partnership with Speak Up, a Dakar-based not-for-profit advocacy organization, and the UN-hosted RBM.

The bank which spearheads this new private sector initiative to end malaria is supporting global movement for malaria elimination in Africa.

It supports the Pan-African Zero Malaria Starts with Me Movement, led by the African Union and the RBM Partnership to End Malaria launched two years ago today by African Heads of States at the 31st African Union Summit in Nouakchott.

The collaboration will support malaria affected countries across the continent, starting with Benin, Burkina Faso and Senegal by advocating for stronger political will, increased funding, and stronger targeted disease elimination responses.

The campaign’s objectives are three-fold; Foster domestic resource mobilization for sustained financing of malaria control and elimination programs, Mobilize businesses and business leaders to contribute to the reduction and elimination of malaria and Leverage Ecobank’s networks and partners to reinforce or create collaborative platforms.

According to the Regional Executive UEMOA, Ecobank, Paul-Harry Aithnard, said, “Ultimately, ending malaria will increase prosperity across Africa, by creating a healthier workforce that can drive economic growth.

The Ecobank Group is thrilled to collaborate with Speak Up Africa, the RBM Partnership to End Malaria and the African Union on the Zero Malaria Business Leadership Initiative, and to use its position as a platform for co-ordinated action against this treatable and preventable disease”.

Originally launched in Senegal in 2014, Zero Malaria Starts with Me engages political leaders, the private sector and communities to take action to protect themselves from malaria, and the new initiative will continue to progress this mission. To date, 15 countries across the continent have rolled out their own national Zero Malaria campaigns.

The World Health Organization (WHO) estimates that over US $10 billion is needed to implement national strategic plans for malaria control in 30 African countries over the next three years.

However, despite all the efforts made by governments, funding for the fight against malaria remains a challenge.

An annual US $2 billion in additional global funding is required to reach all those at risk of malaria, outlining the importance of private-sector engagement.

Everyone has a role to play in the elimination of malaria, which is what the Zero Malaria Starts with Me campaign embodies

Also, CEO of the RBM Partnership to End Malaria, Dr Abdourahmane Diallo, stated that “To become the generation to end malaria, it is crucial that we increase funding to fight this disease to protect everyone at risk. There is an incredible opportunity for the private sector to join the fight, and we are thrilled to see the Ecobank Group leading the way with the Zero Malaria Business Leadership Initiative. By increasing private-sector funding and engagement, we will unlock valuable resources and mobilization, that will go a long way in helping us rid the African continent of malaria once and for all”.

Malaria remains one of the continent’s deadliest diseases, with more than 400,000 fatalities in 2018 alone. Malaria not only impacts the health of communities across Africa, but prosperity too, as the disease limits economic growth and increases poverty amongst the workforce.

Commissioner for Social Affairs, the African Union, H.E Amira Elfadil Mohammed Elfadil,  also commented that, “We are incredibly proud to play our role in the Zero Malaria Starts with Me Movement, and this new Business Leadership Initiative is an important step to engaging Africa’s flourishing private sector. The fight to end malaria continues to be one of our continent’s biggest challenges, but our people have shown incredible commitment to end suffering and achieve progress against this deadly, but preventable disease. We hope that other organisations join our movement and support this noble cause.”

Although global investments in the malaria fight have helped to save 7 million lives and prevent more than 1 billion cases of malaria since 2000, COVID-19 now threatens these hard-won gains. WHO estimates that in the worst-case scenario, the new virus could double malaria deaths in 2020.

 Executive Director, Speak Up Africa, Yacine Djibo, “Everyone has a role to play in the elimination of malaria, which is what the Zero Malaria Starts with Me campaign embodies. Private sector participation in malaria control and elimination is key, and Ecobank Group is a leader who is well-placed to bring more like-minded partners and resources to the table. Together, we can work to move malaria higher up on the political agenda by creating a strong network for action.

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We call for more businesses to join us in our mission of freeing communities from the burden of malaria”.

Ecobank Transnational Incorporated (‘ETI’) which is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan, is the parent company of the Ecobank Group, the leading independent pan-African banking group.

The Group employs over 15,000 people and serves about 20 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. Also has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates.

Speak Up Africa is a strategic communications and advocacy organization dedicated to catalyzing leadership, enabling policy change, and increasing awareness for sustainable development in Africa

The RBM Partnership to End Malaria is the largest global platform for coordinated action against malaria. Originally established as Roll Back Malaria (RBM) Partnership in 1998, it mobilises for action and resources and forges consensus among partners. The Partnership is comprised of more than 500 partners, including malaria endemic countries, their bilateral and multilateral development partners, the private sector, nongovernmental and community-based organisations, foundations, and research and academic institutions. The RBM Partnership Secretariat is hosted by the United Nations Office for Project Services (UNOPS) in Geneva, Switzerland.

Deborah Adegoke

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