Ecobank business club for its SMEs

Ecobank joins peer lenders that already have similar outfits. FILE PHOTO | NMG

What you need to know:

  • The Emerald Ecobank Business Club will offer direct linkages for Kenyan businesses and their counterparts across the continent.

Ecobank Kenya on Wednesday launched a new business club meant to enable Kenyan entrepreneurs to access professional services support.
The bank joins peer lenders that already have similar outfits.

Ecobank executive director Humphrey Muturi said the club dubbed the Emerald Ecobank Business Club will offer direct linkages for Kenyan businesses and their counterparts across the continent.

“Our target is to empower our SME customers by availing networking opportunities across our network of 33 African countries to help them grow with us,” said Mr Muturi.

“Most SMEs here in Kenya and generally across Africa face capacity challenges either in terms of technical knowledge on how businesses operate across the continent or in terms of access to opportunities to forge partnership,” added Mr Muturi.

Several lenders operate SME-focused business clubs, including Biashara Club of KCB, Barclays Business Club, Standard Chartered’s Diva Club and Club Consolidated of Consolidated Bank.

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