The UAP Old Mutual Foundation has announced a partnership initiatives aimed at improving health care infrastructure, environmental conservation and special education.
The move comes at a time when the government is increasingly seeking to develop financing mechanisms, which bring together the public and private sectors, not only to control budgetary expenditure but also to pool these two sectors’ specific know-how.
Making the announcement during a partners’ breakfast in Nairobi, the Foundation Chairman Dr Peter Muthoka said ‘The UAP Old Mutual group has been involved a large scale initiative to boost tree cover in Kenya at a projected cost of Kshs 200 million over the last 13 years in partnership with corporate partners and local communities.’
At the same time, Dr Muthoka added’ the Foundation has invested over Kshs 30 million in the refurbishment of the Accident and Emergency Centre at the Kenyatta National Hospital and setting up facilities at the Uasin Gishu County referral hospital.’
Among the partnerships realised so far include a partnership with the Ndakaini,Environmental Conservation Association (NDEKA) and the Nairobi City Water and Sewerage Company, the Kenya Wildlife Services tree planting initiative and the Kenya Society for the Blind in provision of assistive learning devices.
On the financial education front, the Chairman stated that the Group has invested over Kshs.100 Million in countrywide programs aimed at enhancing the financial well-being of theit customers ,by enabling them leverage the improved access to financial services.
Each year, UAP Old Mutual commits a percentage of its earnings to corporate social responsibility programs that are run by the UAP Old Mutual Foundation.
Environmental Conservation is one of the three pillars that guide the Foundation’s focus with the other two being education and health care infrastructure.
The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisitions resulted in Old Mutual Kenya, UAP Holdings and Faulu Microfinance Bank, forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan, Rwanda and the Democratic Republic of Congo.