Tag: SMEs
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British International Investment launches pioneering investment platform to boost SME funding in Ghana
Growth Investment Partners (GIP) Ghana is a first-of-its-kind company that will provide patient, flexible local currency financing to SMEs. It is supported with an anchor capital commitment of up to US$50 million from BII. GIP aims to establish itself as a new alternative investment option for long-term capital from local institutional investors in Ghana. GIP…
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Ghana Startups and SMEs Week celebration gets national support
A week earmarked purposely to celebrate Ghanaian Startups, Small and Medium scale businesses has been launched at the Accra Digital Center, with massive commitment from key Ministries and Agencies. The Deputy Minister for Trade and Industry, in charge of Small and Medium Enterprises (SMEs), Hon. Nana Ama Dokua Asiamah-Adjei, launched the 2022 edition, with a…
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Societe General Ghana partners AGF to provide financing solutions for SMEs
Ghana’s Small and Medium sized business sector is set to receive a major boost as Societe Generale Ghana has signed a partnership agreement with the African Guarantee Fund to increase its financing support to SMEs through enhanced credit facilities. The total guarantee facility of GHS35 million will enable the bank extend financial support to SMEs…
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DBG will mirror KfW’s successful banking model to benefit SMEs
KfW, the German development bank, has reaffirmed that its partnership with the recently launched Development Bank Ghana (DBG), which was signed in December 2021, seeks to provide much-needed support to the Small and Medium-sized Enterprise (SME) sector and thereby promote the sustainable development of the Ghanaian economy based on a model similar to its own.…