Stanchart wins business award
By ARTHUR MWANSA
STANDARD Chartered Bank has won the African Business Award (ABA) for best corporate citizenship and social responsibility organised by African Business Magazine and the Commonwealth Business Council (CBC).
Head of corporate affairs, Southern Africa, Luke Njovu said this in a statement issued in Lusaka yesterday.
Mr Njovu said ABA acknowledges the rapidly transforming business landscape in Africa by honouring entrepreneurial excellence and creating global visibility for best practices in business.
He said his institution was complimented by judges for outstanding leadership in social environmental governance and the bank’s direct contribution to local communities and employees through its innovative approach to sustainable development.
Mr Njovu said the bank made successful impact by financing renewable energy projects such as the Bujagali River hydroelectric plant in Uganda.
“We have also succeeded in providing US$385 million to finance and credit micro-finance partners in 2008. Fifty five per cent of beneficiaries were in Africa,” he said.
He said his organisation also invested in a programme known as Nets for Life, a programme that works in partnership with other donors to reduce the number of deaths in Africa caused by malaria.
Mr Njovu said this year, Standard Chartered has committed a further US$5 million to help release a further five million anti-malaria nets across 18 African countries by 2013.
He said in Zambia the bank has partnered with the Zambia Anglican Council to distribute treated mosquito nets, adding that the organisation is also committed to reducing HIV/AIDS infection through educational programmes.
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