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The Ecobank Group (https://www.Ecobank.com/) launches’Ellevate ‘, a program for women-owned and women-centered businesses in 33 markets. This program is designed to help women reach their full potential by empowering, growing and supporting them with personalized and value-added financial solutions.
Women make up about half of the population of Africa. SMEs account for up to 90% of all businesses in Africa and women own approximately one third of all registered African SMEs. 1 in 4 of the adult female population in Africa starts or runs a business, making the African continent one of the highest in terms of female entrepreneurs worldwide.
The female-led economy represents a largely untapped market. Ecobank’s commitment to contribute positively to the economic development and financial integration of the continent will be reinforced by our investment in women.
Healthy collaboration between government and the private sector is critical to creating an enabling environment in which women can thrive and succeed.
“The Government recognizes the contribution of women to the socio-economic development of Africa. We believe that women are the catalyst for change and prosperity. The Government of Togo continues to develop and implement policies and programs that will promote the economic empowerment of women of all ages and social conditions. Togolese women have always played a vital role in the economy. We are pleased to see that Ecobank Group, through the Ellevate program, offers women the opportunity to take their rightful place in the economic development of our country and, indeed, throughout the continent. We will work with the private sector to harness this great potential of African women and create inclusive business opportunities.”, Stated Mrs. Myriam Dossou-D ‘Almeida, the Minister of Grassroots Development, Youth and Youth Employment, Republic of Togo.
“The empowerment of women is not just a matter of development. It is a very economic matter. Financial institutions that recognize the changes that are occurring globally and are taking steps to ensure they participate in this emerging market will more fully reap the economic benefit of their investment.”Said Graça Machel, founder of the Graça Machel Trust and the Foundation for Community Development.
The Ecobank Group recognizes the strategic importance of women on the continent and the need to continually support them to reach their full potential.
“In developing Ellevate, we made time to understand the needs of women, what they really require of their bankers, and found practical solutions that will help close the identified gaps.. Ellevate is a comprehensive end-to-end product suite that supports women-owned and women-focused businesses with differentiated business solutions that will unlock their potential.”Affirmed Josephine Anan-Ankomah, Commercial Banking Executive of the Ecobank Group.
“Ellevate by Ecobank is designed for women-owned, women-run companies, companies with a high percentage of women on the board of directors or employees, and companies that manufacture products for women. These companies will benefit from Smarter cash management solutions, favorable loan rates, and value-added services like leadership training and networking opportunities. All of these will ensure your businesses can scale and remain sustainable. We intend to assign 10 percent of our Commercial Banking loan portfolio to help close the financing gap.”Added Josephine Anan-Ankomah.
To formally launch Ellevate By Ecobank, Ecobank Group will hold a webinar on November 27th 2020 with an English session at 9:00 AM GMT and a French session at 3:00 p.m. GMT.
Register here (https://bit.ly/3q5leh1) for the English session or here (https://bit.ly/2HFcKft) for the French session for additional information.
Distributed by APO Group on behalf of Ecobank.
Contact with the media:
Christiane breast
Corporate Communication Group Manager
Email: [email protected]
Tel: +228 22 21 03 03
About Ecobank Transnational Incorporated (‘ETI‘or’ The Group ‘):
Ecobank Transnational Incorporated (‘ETI‘) is the parent company of Ecobank Group (https://www.Ecobank.com/), the leading independent pan-African banking group. The Ecobank Group employs more than 14,000 people and serves more than 24 million clients in the corporate, commercial and consumer banking sectors in 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, United Kingdom and Dubai, United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trading, securities, wealth and asset management. ETI It is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra and the Bourse Régionale des Valeurs Mobilières in Abidjan. For more information, visit https://www.Ecobank.com/.
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