AU, PTA Bank sign MoU for financial support to battle Ebola

0

The African Union (AU) and the Eastern and Southern African Trade and development Bank (PTA BANK) on Thursday signed a memorandum of understanding (MoU), whereby the PTA Bank provides financial support to the fight against Ebola in Africa.

African Union headquarters
African Union headquarters

According to the deal, PTA Bank has pledged to donate 50,000 U. S dollars to the Africa Against Ebola Solidarity Trust (AAEST).
The MoU recognizes the mutual interests of the two institutions in the fight against the Ebola Virus Disease in Africa, said the 54-member pan-African bloc.
Nkosazana Dlamini-Zuma, Chairperson of the AU Commission, and Admassu Tadesse, President and Chief Executive of PTA BANK, have signed the agreement during a ceremony at the AU Headquarters in Addis Ababa, Ethiopia. The donation will be used for supporting the establishment of the African Centers for Disease Control and Prevention (African CDC) to build Africa’s capacity to deal with public health emergencies in the future.
AAEST was established as a charitable trust for the purpose of raising funds to be deployed to train, equip and deploy African health workers in the fight against Ebola, to build long term local health capacity and continental capacity for disease control.
In partnership with AU, AAEST has a mission to mobilize resources to support much-needed health workers drawn from within Africa to the Ebola-afflicted countries through AU’s mission dubbed the AU Support to the Ebola Outbreak in West Africa (ASEOWA) .
AAEST vision is a resilient African capacity that is able to respond effectively and rapidly in times of crisis and post crisis recovery.
The PTA Bank is a multilateral development financial institution established by the Charter of the Eastern and Southern African Trade and Development Bank whose objectives include, among others, cooperating with other institutions and organizations, public or private, national or international, which are interested in the economic and social development of the members states of the PTA Bank. Enditem

Source: Xinhua

Send your news stories to [email protected] Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here