This archive report was first published on 21 April 2020.
As of April 21, 2020, the COVID-19 Fund had amassed a total of Ksh1.28 billion in donations from corporates, with the majority of the funds coming from Corporate Kenya.
The fund's management, led by Chairperson Jane Karuku, has reported that the donations have been pouring in from various companies, with Safaricom being the largest contributor with a donation of Ksh200 million.
Devki Group, owned by billionaire businessman Narendra Raval, has also made significant contributions, including a Ksh20 million cash donation and another Ksh80 million worth of oxygen supply.
Kenya Commercial Bank (KCB) and The National Treasury are the second-largest cash contributors, with a donation of Ksh150 million each, while Co-operative Bank and NCBA have credited the fund with Ksh100 million each.
Other notable contributors include Absa, which has donated Ksh50 million, and First Chartered Securities, which has contributed Ksh25 million.
Besides cash contributions, the Fund has also received other forms of donations, including Ksh150 million worth of broadcast airtime from the Media Owners Association of Kenya (MOA).
The Hindu Council of Kenya has also pledged food supply worth Ksh100 million, while Naivas Supermarkets and Capwel Industries have committed food supply worth Ksh20 million.
According to the board, the donations will be utilized to support the government's efforts in the supply of medical facilities and equipment and support for vulnerable communities.
The board has expressed its deepest gratitude for the support and goodwill that the fund continues to receive from Kenyans from all walks of life.
Below is a breakdown of the contributions:
The board, which consists of some of the biggest names in Corporate Kenya, was formed by President Uhuru Kenyatta on April 1, 2020, with the view of creating a kitty that will help the country respond effectively to the COVID-19 pandemic.
The board members include Board Chairperson Ms. Karuku, who is the Kenya Breweries Limited (KBL) CEO, Kenya Airways Chairperson Michael Joseph, KCB Group CEO Joshua Oigara, and Mr. Raval, who is the Chairperson of Devki Group.
