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By Aduragbemi Omiyale
For the second 12 months operating, Ecobank Group has been named as Africa’s Finest Financial institution for SMEs (small and medium-sized enterprises) for offering funding help to small enterprise house owners on the continent.
The pan-African lending establishment retained this place on the prestigious Euromoney Awards for Excellence held lately.
In choosing Ecobank as Africa’s Finest Financial institution for SMEs, the judges primarily based their determination on the corporate’s longstanding and unwavering dedication to satisfying the wants of SMEs.
“This award displays Ecobank’s absolute dedication to supporting African SMEs and our steady suite of improvements – monetary and non-financial – to spur their progress and success.
“We goal to be the financial institution of selection for Africa’s SMEs.
“Undoubtedly, these SMEs are the important thing drivers for Africa’s financial progress, as they create jobs and generate prosperity whereas eliminating poverty throughout the continent,” the chief govt of Ecobank Group, Mr Jeremy Awori, commented.
Within the final 12 months, Ecobank has launched main initiatives for the advantage of SMEs, together with the Ecobank Single Market Commerce Hub, which helps the AfCFTA’s single African market.
The hub is a one-stop store offering details about the AfCFTA, entry to Ecobank’s full vary of commerce facilitation merchandise and options (overlaying commerce finance, advisory, funds and collections), and a market for merchandise, companies and companies throughout Africa.
The agency has additionally provide you with RapidCollect, which allows Ecobank’s enterprise prospects to obtain funds from their shoppers of their house nation and throughout Ecobank’s community of 33 associates immediately and at a decrease price than every other cross-border resolution.
It has partnered with Mastercard Farm Go to digitise the agricultural worth chain for smallholder farmers, simplifying and higher securing the method for acquiring a good value for produce.
Prospects of Ecobank, particularly feminine entrepreneurs, have loved Ellevate Equip Management Programme, with modules comprising emotional intelligence, main with authenticity, defining strategic management, mastering affect, decision-making, and negotiating for outcomes.
The financial institution has organised Monetary Literacy Collection to equip SME Managers and house owners with the required monetary schooling. The primary within the collection was Making ready SMEs for the Capital Markets, attracting practically 3,500 registered individuals.
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