The Banro Foundation is the Company’s vehicle for investing in long-term community development.
Created in 2005 and operating solely in the DRC, the Banro Foundation has a mandate to improve the quality of life and opportunities for individuals and communities near Banro's operations. The priority investment areas of the Banro Foundation - Education, Health and Social Infrastructure Development - were selected following consultations with local communities and their leaders, central and provincial government officials and Catholic Church authorities in the months leading up to the commencement of Banro's exploration activities in November 2004.
The Banro Foundation also provides Humanitarian Assistance as required and helps to sponsor major community events. Recently, it launched a new priority area -- fostering sustainable agricultural projects in communities near Banro's operations.
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.
Since its creation, the Banro Foundation has completed over 70 social development projects. The Foundation is a registered charity in the DRC; a sister charity in Canada, the Banro Congo Charity, raises funds for construction of health clinics and schools in the DRC.