Ecobank Transnational Incorporated has been honored with the coveted title of Africa’s Best Bank for Small and Medium-Sized Enterprises by the Euromoney Awards for Excellence for the second year in a row. This recognition serves as a testament to Ecobank’s consistent dedication to supporting and empowering SMEs across the continent.
Jeremy Awori, the Chief Executive Officer of the Ecobank Group, expressed his pride in receiving this prestigious award. He highlighted Ecobank’s resolute commitment to providing comprehensive support to African SMEs through a portfolio of innovative financial and non-financial solutions, driving their growth and contributing to the economic prosperity of the continent.
Initiatives for SMEs
Over the past year, Ecobank has launched several noteworthy initiatives aimed at bolstering the SME sector. These include the Ecobank Single Market Trade Hub, designed to facilitate trade within the framework of the African Continental Free Trade Area (AfCFTA), and RapidCollect, a pioneering solution allowing business customers to seamlessly receive cross-border payments from clients across Ecobank’s extensive network of 33 affiliates, all at a lower cost compared to other options.
Additionally, the bank has partnered with Mastercard Farm Pass to digitize the agricultural value chain for smallholder farmers and introduced the Ellevate Equip Leadership Programme, dedicated to women-led or women-focused business customers.
Ecobank’s consecutive wins of the Africa’s Best Bank for SMEs title reflect its unwavering dedication to empowering the backbone of the African economy, small and medium-sized enterprises. The bank’s suite of innovative financial tools, combined with its commitment to non-financial initiatives, positions it as a pivotal catalyst in driving economic growth, fostering job creation, and combatting poverty across the continent.
Ecobank’s repeat achievement of being named Africa’s Best Bank for Small and Medium-Sized Enterprises by the Euromoney Awards for Excellence underscores its strategic vision, dedication, and contributions to the prosperity and sustainability of SMEs across Africa. This accolade not only acknowledges the bank’s efforts but also serves as an inspiration for continued innovation and support within the ever-evolving landscape of SMEs in the region.