Barclays Bank, Invest in Africa to up credit facilities to SMEs

Wednesday 21 November 2018 10:07 CET | News

Barclays Bank Ghana has committed to providing SMEs enrolled with Invest In Africa credit support to expand their businesses.

This forms part of a partnership established between the bank and Invest in Africa through which Barclays will also provide other forms of enterprise development assistance.

The organisation has in the past four years facilitated more than USD 1 million credit support to SMEs through its ‘Access-to-Finance’ benefit offering.

To date, Invest in Africa’s ‘Access-to-Markets’ pillar, delivered through its online marketplace platform the African Partner Pool (APP), has provided Ghanaian SMEs with business opportunities valued at USD 150 million. Invest in Africa’s ‘Access-to-Skills’ pillar, delivered through a suite of training programmes, has enabled over 230 SMEs to improve their entrepreneurial, managerial and technical competencies.

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Keywords: Barclays Bank, Invest in Africa, Ghana, partnership, B2B payments, lending, supply chain finance, trade finance, credit support, business expansion
Countries: World

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