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AfricaMoney | October 19, 2017

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Mauritius’ AfrAsia invests over Rs 1.8 mn to develop children’s welfare via education

Mauritius’ AfrAsia invests over Rs 1.8 mn to develop children’s welfare via education

AfrAsia Bank has always strived to inculcate a responsible corporate approach in its employees, said James Benoit, CEO of AfrAsia Bank, as the bank formalised its support and financial contribution towards the projects of four NGOs – Fondation Joseph Lagesse, Soroptimist International, Ti Rayon Soleil and Tipa. (Image: Company)

Pan-African financial services major, AfrAsia Bank, which is headquartered in Mauritius, announced last week that it would be officially funding four NGOs with projects directed towards less fortunate children and empowering them to succeed in life through their education.

As part of it CSR philosophy, the bank has formalised its support and financial contribution towards the projects of these NGOs — Fondation Joseph Lagesse, Soroptimist International, Ti Rayon Soleil and Tipa — at an event held Friday, 06 March 15 at its Ebene branch.

Present for the event, Mauritius’ Minister of Social Integration and Economic Empowerment, Pradeep Roopun, endorsed AfrAsia Bank’s initiative.

“Fighting poverty isn’t an easy task, but feeding a child is. Let us all support and respect the protection of human rights, for it is said that businesses cannot succeed in societies that fail,” he emphasised.

AfrAsia Bank has always prioritised socially sensitive initiatives like Integrating social and environmental concerns into the business operations.

With the growth of the bank as it continues to build upon its rock solid foundation, it was imperative to further strengthen its role in contributing to the social and economic growth of society through financing of innovative and sustainable projects of these NGOS, focusing on education.

Recognising the pivotal role that education has to play in social and economic projects, it was evident to the bank that it would need to reaffirm the support given to NGOs with the same vision and philosophy.

On numerous occasions, the bank has had a hands-on involvement in activities with these organisations, especially Fondation Joseph Lagesse, through their day care centre in Bois Marchand.

Besides, the Bank has also provided platforms for NGOs such as Tipa and Ti Rayon Soleil to attend major AfrAsia golf tournaments and promote their noble causes on such high-visibility platforms.

“We believe in long term development, thus our commitment is sustainability of projects which will succeed when given time and support. For this reason, we are very enthusiastic and optimistic to be partnering with such institutions, as this fits the Bank’s strategy of financing innovative and sustainable projects,” said James Benoit, CEO of AfrAsia Bank.

“We also strive to inculcate a responsible corporate approach in our employees, the society we live in and encourage our clients to also make their own contribution which in a small way move us closer to securing a world that works for all,” he concluded.

About the NGOs:

The NGO focuses on empowering vulnerable children to become active citizens in the Mauritian society by favouring their development through the promotion of interactive pedagogy and education to art and culture. AfrAsia Bank has been sponsoring TIPA for the last 2 years. The programme has been implemented in ZEP (Zones d’Education Prioritaires) schools in Mauritius.

Ti Rayon Soleil
AfrAsia Bank is collaborating with Ti Rayon Soleil, an NGO based in Vacoas that helps towards community development and poverty alleviation. The NGO works with underprivileged areas where children, women and families are living below poverty line and are deprived of basic needs. Ti Rayon Soleil tries to change the course of their lives through education, food support, literacy, health care, social support and empowerment.

GML Fondation Joseph Lagesse

A day care centre for children, set up by the Fondation Joseph Lagesse in Bois Marchand, a suburb mostly inhabited by the underprivileged. The day care centre aims to provide the children a safe pedagogical environment that prepares them for pre-primary/ primary schools. AfrAsia Bank staff often volunteer their time to these children and frequently donate food, clothes, books, toys and games. The Bank’s continued support has created a bond and consolidated the relationship between both organisations.

Soroptimist International Port Louis 
The Cité Flamboyant Richelieu Programme for Education, Poverty Alleviation and Empowerment. AfrAsia Bank has decided to collaborate with more NGOs that work towards the integration of vulnerable children in society such as Soroptimist. The objective is to help towards the functioning of the school for children from 2 to 5 years old.

About AfrAsia:

Strategically based in Mauritius and with representation in key markets, AfrAsia Bank Limited serves the Africa-Asia trade corridor, combining its strengths and expertise in four core divisions, covering Private Banking and Wealth Management, Corporate and Investment Banking, Global Business and Treasury.

Since inception, the bank has expanded through a combination of substantial organic growth and a series of strategic acquisitions, with core activities in Mauritius, South Africa and United Kingdom.

AfrAsia Bank’s core banking and transactional capabilities are in Mauritius along with representative offices in Cape Town, Johannesburg and London, its asset management arm, AfrAsia Capital Management Limited and its investment banking arm, AfrAsia Corporate Finance (Pty) Ltd.

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