Kayode Tokede
Ecobank Group has introduced that it has gained the esteemed Finest Financial institution for SMEs in Africa 2024 award in International Finance’s annual SME Financial institution Awards.
The win displays Ecobank’s unwavering dedication to assembly the specialised wants of SMEs throughout its numerous markets. The award ceremony came about not too long ago at Glaziers Corridor in London, UK.
Performing Group Government, Ecobank Business Banking, Carol Oyedeji stated: “This award recognises the power of Ecobank’s assist for Africa’s small and medium-sized enterprises (SMEs), enabling them to thrive and grasp the immense intra-African commerce alternatives created by the AfCFTA’s single market. Along with our complete suite of banking, funds, assortment, and financing options, we additionally provide invaluable non-financial assist, akin to enterprise management and abilities coaching, and our progressive matchmaking platform connecting merchants, patrons, sellers and suppliers throughout Africa.”
She added that regardless of the risky international trade (FX) challenges, Ecobank Nigeria displayed the very best ranges of transparency, sustaining excessive transaction quantity and retaining its market share within the nation.
In latest months, Ecobank has additional expanded its lending capability to fulfill the financing wants of SMEs via strategic initiatives, together with a $200 million risk-sharing settlement with the African Assure Fund, and a US$32.8 million mortgage facility from eco.enterprise Fund and the SANAD Fund for SMEs.
