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SepUnion Bank has declared that it will increase its efforts to make funding more available to small and medium businesses, as well as retail banking operations, in order to help them create more value. Ogochukwu Ekezie-Ekaidem, the bank’s Chief Brand and Marketing Officer, made the news alongside other senior officials during a webinar held recently. Ekezie-Ekaidem said the bank was looking to form a cluster of as many SMEs as possible and provide them with market access and business consultancy services, among other things. “On the banking side, under the new Chief Executive Officer, Mr Emeka Okonkwo, we have continued […]
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AugSterling Bank has announced the launch of its new loan product ‘I Go Trade’ to help close the financial inclusion gap and provide client-centric solutions to its diverse customer base. The product would make low-interest, collateral-free loans up to N300,000 more accessible to artisans and other small business owners throughout communities. This loan will provide beneficiaries with financial flexibility, allowing them to receive the finances they need to acquire inventory, working capital, and other assets that will help them stay afloat and eventually make a profit. Shina Atilola, Divisional Head, Retail and Consumer Banking, commented on the new product, explaining[…]
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AugA startup finance program organized by the Ecobank Group and the African Union Development Agency New Partnership for Africa’s Development produced more than 200 graduates (AUDA-NEPAD) More than 200 graduates of the inaugural Ecobank MSME Training for Financing Programme attended a virtual graduation ceremony hosted by the pan-African bank and the AUDA-NEPAD recently. Nigeria, Chad, Côte d’Ivoire, Ghana, Kenya, Niger, Rwanda, and Togo were among the eight nations participating in the MSME Academy’s pilot phase. The MSME Academy is part of AUDA-transformational NEPAD’s “100,000 MSMEs” program, a continental reaction to COVID-19, which was launched in 2020 by the Ecobank Group[…]