For the second year in a row, Ecobank Transnational Incorporated, a banking group, has been recognized by the Euromoney Awards for Excellence as Africa's Best Bank for Small and Medium-Sized Businesses.
The Group stated in a statement that it had previously received the award in 2022.
"This award reflects Ecobank's absolute commitment to supporting African SMEs and our continuous suite of innovations, financial and non-financial, to spur their growth and success," stated Jeremy Awori, Chief Executive Officer of the Ecobank Group, in reference to the recognition.
Our goal is to become Africa's go-to bank for SMEs. These SMEs are without a doubt the main forces behind Africa's economic expansion because they eradicate poverty on the continent while producing prosperity and jobs.
"In the last 12 months, Ecobank has launched initiatives targeted at SMEs, including the RapidCollect program, which allows Ecobank's business customers to receive payments from their clients in their home country and across Ecobank's network of 33 affiliates, instantly and at a lower cost than any other cross-border solution," the statement continued. "Ecobank Single Market Trade Hub supports the AfCFTA's single African market."
“It also include a partnership with Mastercard Farm Pass through which it digitised the agricultural value chain for smallholder farmers and the Ellevate Equip Leadership Programme for women-led or focused business customers.”
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