Ecobank Transnational Incorporated (ETI), the parent company of the leading pan-African financial institution, has been selected as a private sector ‘partner of choice’ by the Global Partnership for Education (GPE) in its mission to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.
GPE on its own, is seeking to raise US$3.1 billion from donors to support the education of children in developing countries over the next three years.
Additionally, it is also seeking to enable governments to increase their education expenditure to 20% of their overall budget.
Meanwhile, the Presidents of Senegal and France are co-hosting GPE’s 2018 Financing Conference, aimed at replenishing its financial resources to undertake this all important project.
A statement from Ecobank said GPE chose Ecobank because GPE is present and active in 31 of the 36 countries that make up Ecobank’s pan-African footprint.
The statement quoted Ade Ayeyemi, Ecobank’s Group CEO as saying “Ecobank is proud to be the first banking group to join forces with GPE to advance educational outcomes across Africa. GPE is seeking to leverage our experience of working with African governments, DFIs and global technology leaders to develop digital solutions that will facilitate more targeted investment in Africa’s education systems.
“We all need to unite to help shape Africa’s future by equipping our children with the skills for success in the digital world. Only together can we force the pace of change necessary.”
Managing Director of Ecobank Senegal, Serge Ackre as saying “Senegal is achieving significant economic progress thanks to investing 24% of its budget in education, setting up a countrywide programme of state-funded nurseries and providing free universal access to schooling.
He added that by co-hosting GPE’s financing conference, Senegal is asserting its rightful position as an educational blueprint for other African states to follow.
Ecobank partners GPE to boost education in Africa
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