News

Al Ansari Exchange and Bill & Melinda Gates Foundation sign Memorandum of Understanding on collaboration for global health

09 Oct 2012

Al Ansari Exchange, a leading Foreign Exchange and worldwide remittance company, and the Bill & Melinda Gates Foundation today announced a partnership in support of two major health priorities: polio eradication and treatment and the prevention of neglected tropical diseases (NTDs). A joint commitment of USD 10 million was made, with each side committing to provide half of that amount over the next five years.

The agreement, which was jointly signed in Abu Dhabi by Bill Gates, co-chair of the Gates Foundation and Mohammed Ali Al Ansari, Chairman of the board of Al Ansari Exchange, will kick off with an initial co-funded contribution of USD 4 million to support polio eradication activities in Pakistan and Afghanistan and the prevention and treatment of NTDs in sub-Saharan Africa. Administered through the Global Polio Eradication Initiative, initial funds will go towards improving polio vaccination campaign quality.

The NTD funding will be administered through the END Fund, the world’s first private philanthropic initiative to combat the seven most common NTDs in Africa, and target 12 million people, including 3 million school-aged children in Mali. Worldwide, NTDs affect more than one billion of the world’s poorest people, including 500 million children. By supporting the delivery of drugs for the most common NTDs, the collaboration can help millions of people to live healthier lives and lift themselves out of poverty.

Bill Gates, co-chair of the Bill & Melinda Gates Foundation said: “The partnership we signed today is an example of focused, strategic philanthropy that will have a lasting impact on the lives of families living in the poorest parts of the world.”

Mohammed Ali Al Ansari said: “Al Ansari Exchange’s enthusiasm to positively transform society is a passion that distinguishes the company from its peers. We consider corporate social responsibility an integral part of our business model as it allows us, our clients and our partners to appreciate the essence and value of the core services we offer. We are pleased to partner with the Bill and Melinda Gates Foundation for this project, which will benefit millions of people and hundreds of communities from different countries.”

Al Ansari Exchange and the Bill & Melinda Gates Foundation share a common vision that new and smart partnerships, along with innovative funding mechanisms can significantly advance global health and development priorities.

Related News

23 Feb 2020

Al Ansari Exchange donates AED 6 million to support the building of the ‘Magdi Yacoub Global Heart Center’ in Egypt

Al Ansari Exchange, the leading foreign exchange and worldwide money transfer company, has announced that it will be donating AED 6 million to the ‘Magdi Yacoub Global Heart Center,’ an envisioned medical facility that aims to provide free-of-charge cardiac care and open-heart surgeries to the region’s disadvantaged families, especially children, unable to afford treatment. This […]

Read more

28 Jan 2020

Al Ansari Exchange waives money transfer fees for donations sent to aid victims of the Taal Volcano eruption in the Philippines

Al Ansari Exchange, the leading foreign exchange and worldwide money transfer company, has announced that it has waived the money transfer fees across all of its branches, for money donations being sent to relief organizations in the Philippines. The move is part of the company’s efforts to support and aid victims of the Taal Volcano […]

Read more

09 Jan 2019

Al Ansari Exchange donates USD 1 million to Gavi, the Vaccine Alliance

Al Ansari Exchange, the leading foreign exchange company has donated USD 1 million to Gavi, the Vaccine Alliance to support the Alliance mission to create equal and improved access to new and underused vaccines for children living in the world’s poorest countries. Since its inception in 2000, over 700 million people have been immunized and […]

Read more

07 Jan 2013

UNICEF receives US$ 1 million donation from Al Ansari Exchange to support polio eradication in Afghanistan

The United Nations Children’s Fund (UNICEF) – which works for children’s rights, their survival, development and protection – received US$ 1million in donation from the leading exchange company, Al Ansari Exchange to be used for polio eradication in Afghanistan. This donation is part of Al Ansari Exchange’s partnership with the Bill & Melinda Gates Foundation, […]

Read more

21 Oct 2012

Al Ansari Exchange extends support to Philippines flood victims through AED 100,000 donation

In line with its Corporate Social Responsibility (CSR) agenda, Al Ansari Exchange a leading Foreign Exchange and worldwide remittance company, has donated AED 100,000 to a relief agency following the recent devastating floods in the Philippines that forced more than 780,000 people across the country to leave their homes. H.E. Grace Relucio-Princesa, Philippine Ambassador to […]

Read more