NAIROBI July 10th, 2018 – A ray of hope shone for families affected by the recent Gikomba fire after Stanbic Bank Kenya donated shopping vouchers to families and sewing machines to business owners affected by the blaze.
The bank, which recently committed to establish a foundation arm, presented shopping vouchers each valued at KSh20,000 to each of the 65 families affected by the fire that razed businesses. In addition, the bank also donated 30 sewing machines to business owners who were affected by the blaze.
At least 16 people died and 60 injured after a night fire gutted a section of Nairobi’s biggest market, Gikomba, last month.
“The unfortunate fire disrupted businesses in Gikomba and set them back. These perennial fires don’t just destroy property and business merchandise but also livelihoods, families and dreams. The shopping vouchers and sewing machine units are meant to cushion families affected by this tragedy, and to enable them set up their businesses afresh, and to move forward,” said Stanbic Bank Kenya’s Chief Executive Charles Mudiwa, when he made the donation. Also present was Moses Lilan, the Deputy County Commissioner for the Gikomba Area.
Stanbic Bank Kenya has had a branch at Gikomba Market since 2009, providing a wide range of financial solutions.
Mr Mudiwa, said the gesture to support the traders demonstrates its commitment to the Gikomba community and is aligned to bank’s corporate social investment pillar of community health and wellbeing. This comes as Stanbic Bank Kenya establishes a foundation to consolidate and champion its corporate social investments across the country. This follows the recent shareholder approval for the establishment of the Stanbic Kenya Foundation Limited.