Steward Bank launches Cholera Crisis Fund

HARARE - Steward Bank yesterday launched a National Cholera Crisis Fund targeted at raising $2 million to contain the cholera outbreak.

Speaking at the launch yesterday, the bank’s CEO Lance Mambondiani, said Steward Bank, Econet Wireless and Higher Life Foundation have partnered to raise funds from the corporate sector, charity organisations and individual well-wishers in the country and abroad towards the cholera crisis.

Steward Bank was launched in July 2013 following Econet’s acquisition of TN Bank, a subsidiary of TN Holdings Limited — now known as Lifestyle Holdings. 

Following its launch, the bank has since positioned itself as a mass-bank, focused on providing banking solutions through the use of technology.

This Steward Bank launch came shortly after Econet founder and executive chairperson Strive Masiyiwa raised alarm over potential abuse of a $10 million donation towards the same cause.

Mambondiani said Zimbabwe cannot be defeated by this disease.

“We should reach a point where we are able to completely eradicate this problem within the next five to seven years,” he said.

“The 30-plus people who have succumbed to the disease leave a scar on his conscience and it is an indicator that the nation is somehow failing,” he said.

“I was challenged by Mrs Masiyiwa (Tsitsi Masiyiwa) a couple of days ago who said if you are an executive within Econet or within Zimbabwe and you are allowing your children to die from a preventable disease you are failing the nation. We are failing ourselves,” said the Steward Bank CEO.

“The best thing that we can do to address this problem is to do something and doing something means going to the fund’s link online and making a donation,” he said.

Mambondiani urged all citizens to donate through a Steward Bank account, using EcoCash, Zipit, bank transfers or Mastercard, by following their Kanzatu-nzatu link which has instructions.

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