Absa skills 3000 Sickle cell disease caregivers in financial literacy

Business
Absa skills 3000 Sickle cell disease caregivers in financial literacy
Caption not available

Absa Bank Uganda has  in partnership with Raising Hope International Friends (RHIF), over the last seven  months  imparted the much-needed financial literacy skills to 2,250 sickle cell caregivers as part of their commitment to empower 3,000 caregivers with essential financial skills by the end of 2023.

Since the partnership was launched in March 2023, Absa Uganda and RHIF have supported a total of 1,125 families in Wakiso District.

The initiative is in response to the high cost of treatment for sickle cell disease and the fact that households affected by the disease are unable to plan for their treatment expenses and rely on out-of-pocket expenditures, leading to poor household financial planning.

“We began this journey to address this challenge in March of this year, to help sickle cell caregivers to better manage household finances. Access to affordable quality healthcare remains a key challenge in Uganda, and this cost goes even higher when dealing with a child born with sickle cell disease. As a result, we saw it fit to collaborate with RHIF on this initiative, ” said Peter Thaddeus Mboowa, Treasury Director for Absa Bank Uganda.

According to Dr Daniel Muyanja, the Director of Clinical Services at the Joint Clinical Research Centre (JCRC), sickle cell disease  is the most common genetic disorder in Africa, with Uganda having one of the highest prevalence rates and ranking fourth in sub- Saharan Africa after Nigeria, Democratic Republic of Congo and Tanzania.

Additionally, it is estimated that in resource-poor countries like Uganda, which are characterised by limited Access to treatment options like hydroxyurea, 80 per cent of children with sickle cell disease  do not reach adulthood, and without treatment, many children do not live to see the age of five.

While addressing the press, Isaac Okello, the Executive Director of Raising Hope International Friends, said, “This initiative was intended to among other objectives, improve the level of financial awareness among caregivers of SCD patients and youths in different parts of Uganda. "

"The intention is to strengthen their ability to make sound financial decisions and achieve good household health outcomes and thus also increase awareness of the sickle cell disease. I appreciate Absa Bank Uganda for coming on board to support this cause and encourage more members of the public to come forward and lend a helping hand to those members of our community with SCD.”

Raising Hope International Friends (RHIF) is a locally registered indigenous non-profit organisation that was founded in 2016 to break the sickle cell cycle through advocacy and research, as well as encourage more testing and screening services, enhance care and support to affected individuals and families, create awareness on prevention and reduce the risk of infection, stigmatisation, and discrimination.

“I appreciate RHIF for the commendable work they are doing in the sickle cell disease space and for allowing us an opportunity to live our purpose to empower Africa’s tomorrow together, one story at a time,” Absa’s Mboowa concluded.

Reader's Comments

RELATED ARTICLES

LATEST STORIES

Budding entrepreneurs urged on tax compliance
business By Kenneth Kazibwe
1 hour ago
Budding entrepreneurs urged on tax compliance
UDB loan portfolio grows by 21%
business By Kenneth Kazibwe
1 hour ago
UDB loan portfolio grows by 21%
UMA, KACITA warn gov't on alcohol law
news By Kenneth Kazibwe
2 hours ago
UMA, KACITA warn gov't on alcohol law
Chaos looms over NRM register update - Dr Ojambo
politics By Ramson Muhairwe
9 hours ago
Chaos looms over NRM register update - Dr Ojambo