08 January 2008
The Eikos Group through it's two main operating divisions, Eikos Risk Applications (Pty) Ltd a leading South African marine insurance broker and transportation risk consultant and Eikos Risk Capital Limited (based in London) one of the leading strategic risk consultants in the world has been operating since 1999. Earlier this year Eikos Risk Applications were appointed, in the face of international competition, to handle the global marine and warehousing insurance program for The Presidents Emergency Plan for AIDS Relief.
"This is indeed an honor, and due recognition we believe of Eikos' growing reputation and of our leading specialization within the Transportation Risk Environment." Said Hugh Reimers one of the Eikos Directors "increasingly we are seeing that we have significant value to add in terms of our expertise, our structure and our understanding of the logistics business on a world wide basis."
"It is humbling to know that we, a relatively small, predominantly South African company have succeeded in the international arena against only international competitors to attain such a prestigious and important client as the US Government."
In 2003 the United States pledged $15 billion over five years to combat HIV/AIDS internationally. Working collaboratively with international, national, and local leaders, this initiative, the President's Emergency Plan for AIDS Relief (the Emergency Plan, or PEPFAR), seeks to "promote integrated prevention, treatment, and care programs, with an urgent focus on countries that are most afflicted by the disease." Specifically, PEPFAR aims to:
- Support treatment for 2 million people infected with HIV/AIDS
- Prevent 7 million new infections
- Support
care for 10 million people infected with or affected by the disease - including orphans and other vulnerable children
As part of the Emergency Plan, a new project administered by the U.S. Agency for International Development (USAID) called the Supply Chain Management System Project (SCMS) was established to collaborate with in-country and global partners to ensure a reliable, cost-effective and secure supply of high- quality medicines and health products for HIV/AIDS prevention, care and treatment. Importantly, SCMS will assist in improving capacity of national supply chains, in order to ensure long-term sustainability of distribution systems in participating countries.
Volume of shipment is estimated at $150 million per year.
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