Ecobank wins coveted Euromoney award as Africa’s Best Bank for SMEs

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 Ecobank wins coveted Euromoney award as Africa’s Best Bank for SMEs

The renowned Euromoney Awards for Excellence have named Ecobank, the top pan-African banking group, Africa's Best Bank for SMEs (small and medium-sized enterprises) for the second year in a row. Ecobank previously took home the title in 2022.


Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “This award reflects Ecobank’s absolute commitment to supporting African SMEs and our continuous suite of innovations – financial and non-financial – to spur their growth and success.


 We aim to be the bank of choice for Africa’s SMEs. Undoubtedly, these SMEs are the key drivers for Africa’s economic growth, as they create jobs, generate prosperity while eliminating poverty across the continent.”


The single African market of the AfCFTA is supported by the Ecobank Single Market Trade Hub. In addition to offering access to Ecobank's complete suite of trade facilitation products and solutions (including trade finance, advisory, payments, and collections), the hub serves as a one-stop shop for information about the AfCFTA and a marketplace for goods, services, and companies operating throughout Africa.


RapidCollect is a cross-border payment solution that offers Ecobank's business customers the ability to instantly and more affordably receive payments from their clients in their home country as well as across Ecobank's network of 33 affiliates. 


The collaboration with Mastercard Farm Pass has allowed us to digitize the smallholder farmers' agricultural value chain, making it easier and more secure for them to get a fair price for their produce.


For our business clients who are women-focused or led, we offer the Ellevate Equip Leadership Program. Emotional intelligence, authentic leadership, strategic leadership definition, decision-making, influence, and results-driven negotiation are among the modules.


The Financial Literacy Series provides the essential financial education to SME owners and managers. "Preparing SMEs for the Capital Markets," the first event in the series, drew close to 3,500 registered participants.

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