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Last Updated: 2 years ago


Fidelity Bank has partnered with Nigeria’s Small and Medium Enterprises Development Agency (SMEDAN) to try to bridge the hole in serving to smaller companies get funding, an organization weblog post stated.

The firm stated the partnership will bolster what it’s already doing in Nigeria to help small-to-midsize enterprises (SMEs).

“For us at Fidelity Bank, supporting SMEs is in our DNA and for more than two decades we have been creating multiple platforms to help them thrive,” stated Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank. “These include the numerous products we have pioneered for the sector, our collaboration with the Lagos Business School to host the Export Management Programme, the Fidelity SME Academy and our weekly SME Forum radio programme where we have had successful business owners and even SMEDAN share tips on running thriving ventures with listeners.”

SMEDAN Director-General/CEO Olawale Fasanya stated Fidelity Bank had been a rarity in Nigeria in that it confirmed “immense interest in providing support to the large MSME community.”

In different information concerning Fidelity Bank, eco.enterprise Fund, an influence investor, has prolonged $15 million to the financial institution to put money into the West African nation of Ghana, PYMNTS wrote.

Read extra: Fidelity Bank, eco.enterprise Fund Team to Expand Agribusiness Financing in Ghana

This will see Fidelity Bank lending to agribusinesses on the worth chain resembling these in meals manufacturing, logistics and provide chains for home staples and export crops.

In addition, it is going to promote manufacturing and consumption practices that are extra in-line with sustainability requirements and biodiversity conservation.

The two companions will assist agribusinesses bolster their capabilities, promote market linkages and climate-resilient agricultural practices, and can give tech help for employees.

It all comes as Ghana is attempting to grow to be extra meals self-sufficient. The nation has adopted sustainability requirements for agribusinesses and has been working extra on home manufacturing.

Fidelity Bank stated it helps the agricultural sector “not just because of the business and commercial opportunities it presents, but most importantly the direct impact it has on job creation, food security, improved livelihood and gender inclusion.”

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A PYMNTS survey of two,124 US customers exhibits that whereas two-thirds of customers have used FinTechs for some side of banking providers, simply 9.3% name them their major financial institution.

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