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    EQTY   KE0000000554

EQUITY GROUP HOLDINGS PLC

(EQTY)
  Report
End-of-day quote. End-of-day quote Nairobi Stock Exchange - 07/23
47.85 KES   -0.31%
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Equity : PATIENTS, MEDICS banked ON EQUITY DURING PANDEMIC

04/30/2021 | 03:32am EDT

HEALTH & SCIENCE

SPONSORED CONTENT

IT'S A SMALL WORLD

MONDAY, APRIL 19, 2021 The Standard

PATIENTS, MEDICS banked ON EQUITY DURING PANDEMIC

Equity came in handy when there was national and global shortage of PPE -Dr Nelson Kilimo

By Mercy Kahenda

Mkahenda@standardmedia.co.ke

Containingtransmission of Covid-19 when an outbreak was reported in Kenya last year was uncertain. Even medics feared contracting the virus.

The government was also thrown into confusion when the surge hit a second wave in June, 2020.

The border town of Busia was in sharp focus, owing to wide spread of the virus attributed to traffic snarl-upsof trucks and drivers stuck there, but mingling with locals.

Any positive Covid case only heightened fear among medics. There were inadequate Personal Protective Equipment (PPE).

This dire situation attracted stakeholders like Equity Bank through the Kenya Covid-19 Fund Board and Equity Group Foundation. It embarked on supporting front-line health workers in public hospitals with PPE besides establishing a psycho-social support and mental wellness programme in Busia.

Among the beneficiaries was the Alupe Hospital, a leading Covid-19 isolation centre where Nelson Kilimo, the medical superintendent, recalls that medics feared attending to critically ill patients for fear of contracting the virus.

"This was the scenario that left health workers in the balance," he says, adding that though the hospital received backup staff, the medics "were reluctant to work in the isolation centre and there were other restrictions, especially with age and lactating mothers."

The situation was to spiral, as patients rose from four in April to 165 by June against its bed capacity of 120.

It was then that Chief Commercial Officer of Equity Bank, Polycarp Igathe,

donated a consignment of gumboots, gloves, face masks and sprayers for fumigation, among other medical items.

"Equity came in handy, at a time we were desperately waiting for county government to supply us with PPEs, but there was national and global shortage. Those that were also circulating in the market were substandard," recalls Dr Kilimo, adding; "We have not reported a burden of PPE shortages, even the sup-

ply continues as the virus continues to ravage the country."

Another initial challenge was a high

rate of absenteeism due to infections

among staffers, but which is now a thing

of the past. Alupe has 64 staffers with 46

as health professionals and 18 support

staff, who are all supplied with standard

PPE by the Equity Group Foundation,

and which "went along to guarantee the

fight against Covid-19, took away stress

of procuring PPE. This is a noble activ-

ity that various organisations should

join," says Kilimo.

GLOVES, GUMBOOTS, FACE MASKS

The hospitals had admitted more

than 900 patients, 765 of which tested

Covid-19 positive.

Kilimo said: "PPE are a necessity for

effective care of a patient and protect a

health worker, who is at the front-line of

containing the disease."

The support by Equity Group Founda-

tion has also boosted service delivery at

King Fahad General Hospital, Mpeke-

toni Sub-county Hospital and Faza Sub-

county Hospital in Lamu County.

Suleiman Maganga, the Equity

An ICU manager in protective gear at Kenyatta University Teaching, Referral & Research Hospital. Equity Group Foundation

Branch manager in Lamu, said the hos-

donated PPE to medics. [David Gichuru, Standard]

pitals were supplied with PPE, gloves,

masks, gumboots and face shields.

Alfred Obengo, the Nation Nurses

ures, which mitigated fear, as medics

As Kenya battles the third wave of

Association of Kenya president, has

were taking off at any suspected Covid

the virus, Litswa reckons: "Pulse oxi-

been a technical advisor to the Equity

cases when the pandemic started. "But

metry is a vital gadget at all levels of

Group Foundation on PPE.

now they have confidence in fighting

patient care and must be affordable

"Quality PPE are critical in the fight

the virus," says Obengo, also a member

and available."

against the virus. If medics don't protect

of the Covid-19 Fund established by

He says soon medical supplies will

themselves, they'll be super spreaders

President Uhuru Kenyatta.

be strained and hence the need to boost

at hospitals," he said. "We, therefore,

DRAINING TO LOSE MEDICS

local manufacturing.

advise that it is better not to wear a face-

In West Pokot, more than 300 front-

mask than to wear a substandard one."

line health workers were supplied with

With both national and global short-

Louis Litswa, another technical

PPE. "The supplies by Equity Founda-

age of PPE, Equity Foundation

If medics

team member representing the anes-

tion were of high level," said Dr David

embarked on empowerment and capac-

thesia and critical care physicians, was

Karuri, the medical superintendent at

ity building of local manufacturers

don't protect

mandated to deal with quality and

Kapenguria Referral Hospital.

through training by foreign experts. The

standards of PPE, education and advo-

Jacqueline Tindi, the critical care in-

end result was PPE "that were of high

themselves,

cacy on infrastructure and equipment

charge at Kenyatta University Teaching

standards," says Mr Obengo.

such as the oxygen ecosystem.

and Referral and Research Hospital

The technical team advised that a

they'll be super

Dr Litswa says most firms were sub-

(KUTRTH), ICU unit, said the steady

24-hour call centre be put up to assist

mitting imported PPE, which did not

supply of standard PPEs has reduced

because "people assume healthcare

spreaders

lead time of deliveries in excess of four

and patients.

any medic in any of Kenya's 47 counties,

meet specifications, or worse, had long

fatality and infections among medics

workers are immune to stress, but they

-Alfred Obengo

weeks.

Dr Edward Maina, the chair, Covid-19

are human. Working within isolation

Equity Foundation's procuring of the

Commodity Security Committee at

centres, managing critically ill patients,

PPE helped reduce the costs consider-

KUTRTH, added: "Since the coming in

having some die can be draining."

ably and quality went up after training,

of Equity Foundation, we have enough

The training also achieved case man-

working with teams from the Kenya

stocks in our store, which we distribute

agement and infectious control meas-

Association of Manufacturers (KAM).

to our isolation units, ICU and HDU."

Disclaimer

Equity Group Holdings Limited published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 07:31:02 UTC.


© Publicnow 2021
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Financials
Sales 2021 107 B 987 M 987 M
Net income 2021 32 318 M 299 M 299 M
Net Debt 2021 - - -
P/E ratio 2021 5,43x
Yield 2021 5,97%
Capitalization 181 B 1 667 M 1 669 M
Capi. / Sales 2021 1,69x
Capi. / Sales 2022 1,43x
Nbr of Employees 7 119
Free-Float 77,4%
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Last Close Price 47,85 KES
Average target price 49,18 KES
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Managers and Directors
James Njuguna Mwangi Group CEO & Non-Independent Executive Director
David Ngata Group Director-Finance
Isaac Muthure Macharia Non-Executive Chairman
Lanre Bamisebi Group Chief Information Officer
Evelyn Kamagaju Rutagwenda Independent Non-Executive Director