Issue 00390 

Oct 8 - 14, 2005

Local News

Barclays fund raising team takes breather in Arusha

By Arusha Times Correspondent

The Barclays Bankintends to raise one million British Pounds to support various community projects in eight countries insub-Saharan Africa, including Tanzania.

The money will be raised through a five-month expeditionby eight volunteers from South Africa. The expedition, which started in June this year in London driving all along, will complete its long trek in Cape Town, SA in November.

The eight-personteam, led by Roger Horrocks as crew director, was inArusha last week after a four-month trip that took it through France, Portugal, Spain, Italy, Egypt, Sudan, Ethiopia, Uganda and Kenya.

Speaking to journalists Mr. Horrocks said they took off their journeyon four vehicles at Canary Wharf in London on June 14with a mission to raise money to assist the poor and sick in Africa.

The expedition passed through the African countries, where Barclays has a presence. Along the way, the bank hosted awareness-raising functions to support its cause.

He said in Tanzania the funds to be raised will go for fighting malaria which kills about 100,000 people annually , 70 per cent of them being children and pregnant mothers.

The funds would be channeled through the World Vision, which is implementing various community projects in the country. In Uganda and Kenya the funds will be used to support the disabled and disadvantaged children respectively.

Speaking at a brief function, Barclays Corporate Relationship Manager, Linus Kweka, said his bank normally allocated one per cent of its pre-tax profit per yearfor community projects.

Currently Barclays hasfour branches in Tanzania: two in Dar es Salaam and one each in Arusha and Zanzibar. The bank intends to expand further in the countryfollowing the recent buying of ABSA (Amalgamated Bank of South Africa) by Barclays.

Local News

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