By Zbc Reporter
African Medallion Group (AMG) has announced a financial aid package to the Zimbabwean and South African governments to the tune of R10 million in SA and $5million in Zimbabwe to assist the respective Governments in the ongoing fight against the Covid-19 virus which has been steadily spreading in the southern African countries.
The firm with bases in South African and Zimbabwe announced that they will start disbursing the financial aid through the relevant authorities and channels starting on Tuesday 31st March 2020 in a move that is expected to go a long way in cushioning the effects of the nationwide lockdowns in both countries.
In an interview with ZBC News AMG CEO Itai Maunganidze confirmed the development adding that the financial aid package is part of the group’s corporate social responsibility initiatives.
“AMG notes with concern the rise in cases of the coronavirus and as part of our efforts in investing in the well-being of our communities we shall be immediately disbursing a fund of R10 million for South Africa through the Office of the President and Ministry of Health and $5million for Zimbabwe through the Central Coronavirus Task Force led by Vice President General (Rtd) Chiwenga,” Maunganidze said.
The corporation, which holds various business interests across the board will be dispensing the funds through AMG and Cape Mint in South Africa with the Zimbabwean bound donation being channeled through Hamilton Insurance and AMG Zimbabwe.
AMG Chairperson Estee Maman highlighted that as a responsible corporate citizen the group felt obliged to play a part in the ongoing efforts by the two governments to contain the spread of the pandemic.
“This is our pledge to both Zimbabwe and South Africa as we are corporate citizens in both countries. We will be monitoring the situation as we disburse the funds in the sincere hope that, along with efforts from dedicated critical staff on the ground and respective Governments, we may find a breakthrough during this difficult time. We are committed to play a part in our own way and urge everyone to remain resolute whilst following measures set by the authorities,” Maman said.
As part of its ongoing initiatives in Zimbabwe said it is targeting the construction of 9 schools, after the successful completion of the Muzarabani schools project.
The Corona virus has been declared a global pandemic by the World Health Organization and the two southern African countries have not spared with numbers of infected and affected people steadily rising in recent weeks.
AMG’s aid comes at a time that both countries have been calling for a united front from all sectors in a bid to curb the spread of the virus and the company also noted the efforts being taken by the Governments and everyone involved.
African Medallion Group is recognized as one of the most successful and trusted gold companies in the world and has over the years produced various landmark gold medallions and coins to mark special occasions as well as boost various investment opportunities through gold. The firm is also frequently involved community and empowerment initiatives.