Tuesday 9 August 2011

BANKING - CHARITY - Kyveyt Turk launches assistance campaign for Somalia

Kuveyt Turk on Monday launched "Africa is not alone" aid campaign.

According to a written statement released by Kuveyt Turk, the campaign is jointly launched by Turkish Red Crescent (Kizilay).

Efforts will be underway to conclude the campaign for Red Crescent's aid ship which will set sail by mid August.


Somalia is currently faced with one of the worst droughts in the past 60 years. (source)



The epicenter of the drought lies on the three-way border shared by Kenya, Ethiopia and Somalia, a nomadic region where families heavily depend on the health of their livestock. Uganda and Djibouti have also been hit by the disaster.

Tens of thousands of people have so far been displaced due to the humanitarian situation in the region.

Kuveyt Turk, established with the participation of some esteemed shareholders, such as the General Directorate of Foundations of the Republic of Turkey, the Kuwaiti State Social Security Institution and the Islamic Development Bank, started its banking and finance activities under the trade name "Kuveyt Turk Evkaf Finans Kurumu Anonim Sirketi" on March 31, 1989.