TORONTO, June 13, 2011 /PRNewswire/ - Banro Corporation ("Banro" or the "Company") (NYSE AMEX:BAA) (TSX:BAA) is pleased to announce that the Banro Foundation, a charity in the Democratic Republic of the Congo (the "DRC"), has led the effort to raise $80,000 for the world-renowned Panzi Hospital in the eastern Democratic Republic of the Congo (the "DRC").
A general referral hospital located in the city of Bukavu, the Panzi has earned a global reputation in the field of medical care for women, including women who have been victims of sexual violence. The Panzi Hospital treats an average of 3,500 women each year, free of charge. The donation will be used to support construction of a multipurpose women's health centre at the Panzi Hospital to support prenatal consultation, family planning and HIV sensitization, child health and other activities related to women's health.
The funds were raised through a golf tournament held near Toronto on June 9, 2011. Macleod Dixon LLP and Kilo Goldmines were lead sponsors of the event. Co-sponsors were Banlaw Africa, CIBC World Markets, GMP Securities, Loncor Resources, GMP Europe, Cormark Securities, SENET, SRK Consulting, SGS, TD Bank, RBC Dominion Securities, Adnet Communications, BDO Canada and Collins Barrow Toronto LLP. Banro and the Banro Foundation thank all sponsors for their generous support of the event.
The Banro Foundation is a registered charity based in Bukavu, DRC and funded by the Company with a mandate to improve the lives of thousands of people living in South Kivu and Maniema provinces through strategic investments in education, health and infrastructure development and to provide humanitarian assistance as needed. Among the principles guiding the work of the Banro Foundation is a focus on needs identified by local community leaders, with priority given to projects that benefit communities as a whole. Promotion of opportunities for women is an important guiding principle of the Foundation.