× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Firms urged to increase corporate social responsibility investments

BUSINESS
By Lee Mwiti | May 13th 2016

Banks and other corporate bodies have been urged to join hands with the civil society to increase their corporate social responsibility (CSR) programmes. The message came from African Development Bank (AfDB) Regional Director Gabriel Negatu yesterday during a forum hosted by the non-governmental organisation ActionAid.

The forum discussed how CSR can be utilised well to bring about social development. Mr Negatu said this while announcing that his bank - apart from funding mega infrastructure projects in the country - will also seek to lend more to projects that are socially conscious and directly help people.

“I come from a civil society background even if today I am a banker. I know that a responsible civil society can be used by corporates to channel funds to projects that can directly help the people if only that wedge that separates the two can be removed,” said Negatu. Henry Kilonzo, senior programmes manager at the Safaricom Foundation, announced a Sh25 million grant to ActionAid to be channeled to water projects in arid and semi-arid lands in the country. —Lee Mwiti

Share this story
BAT Kenya investors approve final dividend of Sh46 per share
British American Tobacco (BAT) Kenya shareholders approved a final dividend of Sh46 per ordinary share at the company’s 64th Annual General Meeting in Nairobi.
Absa Bank net profit for 3 months up 24pc
The performance was mainly driven by growth in interest income, particularly in the small and medium enterprises.
.
RECOMMENDED NEWS
Feedback