Ecobank, a pan-African Banking Group, has been named Africa’s Finest Financial institution for SMEs (small and medium-sized enterprises) by the distinguished Euromoney Awards for Excellence for the second 12 months operating, having additionally received the accolade in 2022.
The award comes after the financial institution launched main initiatives for the good thing about SMEs inthe final 12 months.
Commenting on the award,Jeremy Awori, Chief Government Officer, Ecobank Group, stated: “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 intention to be the financial institution of alternative for Africa’s SMEs. Undoubtedly, these SMEs are the important thing drivers for Africa’s financial progress, as they create jobs, generate prosperity whereas eliminating poverty throughout the continent.”
Among the many SME initiatives Ecobank launched embrace: 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 (protecting commerce finance, advisory, funds, and collections), and a market for merchandise, companies, and companies throughout Africa.
RapidCollect, which permits Ecobank’s enterprise clients 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 another cross-border resolution.
The partnership with Mastercard Farm Move by means of which we’ve got digitised the agricultural worth chain for smallholder farmers, simplifying and higher securing the method for acquiring a good value for produce.
Ellevate Equip Management Programme for our girls led or targeted enterprise clients. Modules embrace emotional intelligence; main with authenticity; defining strategic management; mastering affect, decision-making; and negotiating for outcomes.
The Monetary Literacy Sequence equipping SME Managers and house owners with needed monetary training. The primary within the collection was ‘Making ready SMEs for the Capital Markets’ and it attracted almost 3,500 registered individuals.
In deciding on Ecobank as Africa’s Finest Financial institution for SMEs the judges primarily based their choice on Ecobank’s longstanding and unwavering dedication to satisfying the wants of SMEs.
Ecobank is current in 35 sub-Saharan African nations, in addition to France, the UK, UAE and China, its distinctive pan-African platform supplies a single gateway for funds, money administration, commerce and funding