geo/ghana
Barclays Bank Ghana says it has lined up plans to become the country's number one lead financial enabler for business activities of Small Medium Enterprises (SMEs) in Ghana when it transitions fully to Absa in 2020.
Company based in Ghana that uniquely combines technology and a network to serve farmers and other players throughout the agricultural value chain to reach, engage and transform the agricultural last mile.
GSMA reports that investment in African fintechs nearly quadrupled in 2018 to $357 million, with startups in Kenya, Nigeria and South Africa accounting for the largest share.
The loan, which has a five-year maturity with a two-year grace period, marks the first proposal under the Bank’s new initiative to prop-up SMEs in Africa.
SME Finance Forum member, Ecobank Ghana, has unveiled Ecobank Pay - a multi-featured digital payment solution, to boost digital payment in the country. According to the bank, the product delivers a unified and instant self-service payment solution to more than 15,000 merchants – a product that allows anyone to buy a product or service without physical cash.
Group Executive of Commercial Banking at Ecobank Ghana, Josephine Anan-Ankomah, spoke to JoyBusiness at the launch of the Ecobank Pay Zone at Osu. Hear what she said about the new payment solution.
Washington, D.C. October 23, 2018 – Sinapi Aba Trust (SAT) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have SAT join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
The Growing Business Together Program in collaboration with MBC Africa, Truvalu and the Netherlands Ambassador to Ghana will launch an investor conference for SMEs on October 19 at the University of Professional Studies in Ghana.
With a theme of, “Are You Ready for Money?” the main objective of the conference is to help SMEs achieve investments for their businesses.
The conference will feature:
Sinapi Aba Savings & Loans Ltd is Ghana's leading microfinance, savings and loan company with 44 branches countrywide and serving over 3000000 clients.
The Africa Fintech Summit will bring over 300 leaders in the financial service industry together, September 26-27 to share insight on the future of Fintech for Africa. Westlion, a business facilitation firm and host of this year’s summit will feature topics such as: lending, payments, big data, crypto, blockchain, InsureTech, robo-advice, bank-FinTech collaboration, the Bank’s corporate VCs and more. Expert panel discussions, interactive workshops and one-on-one meeting and networking opportunities are also noted on the agenda.
Deputy Governor of Bank of Ghana (BoG) Elsie Addo Awadzi, recently shared her perspective on financial inclusion and the pillars of sustainable SME finance with the Alliance for Financial Inclusion (AFI) in Kuala Lumpur. She shares what her three key lessons are for the best way to make SME finance sustainable in Ghana, regulations role, how SME finance helps close the gender gap and her institutions most significant financial inclusion accomplishments.
