The ManicaPost
Business Reporter
LEADING financial services institution, Stanbic Bank Zimbabwe, has been awarded the 2022 Best Corporate Social Responsibility (CSR) initiatives accolade in Zimbabwe.
It was awarded by world renowned online and print magazine, Global Banking and Finance Review.
Stanbic was recognised for its well thought-out CSR initiatives undertaken in 2021 which cover a wide spectrum of areas such as health and sanitation, education and environment.
The Standard Bank Group subsidiary was not deterred by the menacing Covid-19 pandemic in its quest to give back to the community in which it operates, leading to this award by Global Banking and Finance Review.
In November, Stanbic bank donated a US$15 000 haemodialysis machine to Gwanda Provincial Hospital in Matabeleland South.
The donation played a pivotal role in alleviating kidney failure challenges faced by patients in and around the province.
The machine helps prolong life when kidneys would have failed due to diseases such as hypertension, diabetes, mellitus HIV and malaria, among others.
Other beneficiaries of Stanbic Bank’s CSR initiatives last year include the Cancer Association of Zimbabwe (CAZ) whose members received US$20 000 to purchase chemotherapy drugs.
The Albino Charity Organisation of Zimbabwe (ALCOZ) also received a variety of sun protection items such as lip balms, lotions, sun hats among others at a total cost of $3, 5 million.
In 2020, Stanbic Bank donated US$200 000 worth of personal protective equipment (PPEs), ventilators and test kits at a time the country had begun grappling with Covid-19 and there was dire need for these equipment by healthcare workers.
In 2019, the institution also constructed a state-of-the-art Mothers Waiting Home in Nyamuzuwe, Mutoko to alleviate the plight of expecting mothers who had to travel long distances for delivery.
Global Banking and Finance Review Magazine said the awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Finance community.
“The awards were created to recognise companies of all sizes which are prominent in particular areas of expertise and excellence within the financial world,” said the Magazine.
Launched in 2011, the awards have evolved and grown to include those in Banking, Foreign Exchange, Insurance, Hedge Funds, Pension Funds, Compliance and Advisory, Corporate Governance, Brokerage and Exchanges, Project Finance, Binary Options, Investment Management, Technology, Asset and Wealth management, Islamic Finance, Exchange Traded Funds, real estate, CSR and other areas.
Global Banking and Finance Review has also evolved over the years to have a more balanced view for informative and independent news within the financial community.
It has experienced contributors who provide quality and in-depth insights in a clear and concise way, providing leading players and key figures with up-to-date information within the financial sector.
The Magazine is read in 200 different countries with a readership which includes Presidents, CEOs, CFOs and Senior Decision Makers within fortune 500 companies, major banks, financial institutions, central banks, traders and individuals interested in the business and financial markets and news.
Given its global reach, other winning financial institutions were drawn from Egypt, Tunisia, Cape Verde, Mynamar, Europe, United Kingdom, South East Asia, China among many other countries and continents.
