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UBA restates commitment to growth of SMEs

By VANGUARD
The Management of the United Bank for Africa (UBA) Plc, has restated its commitment to the growth and development of Small and Medium Scale Enterprises (SMEs) in Africa, with a view to stimulating and deepening the economy of the continent.

Managing Director/CEO, UBA Ghana Limited, Mr. Gabriel Edgal, restated this position in Accra, Ghana at the opening ceremony of the UBA Growing Businesses/EMPRETEC Workshop for SMEs in Ghana, holding at the La Palm Royal Beach Resort from Monday, June 22 to Saturday, June 27.

Edgal said the workshop for Small and Medium Scale Enterprises (SMEs) in Ghana was most appropriate at this time when the Government of Ghana had committed to push for Economic Empowerment, Employment Generation, Poverty Alleviation and Food Security among others.

He said: “We are embarking on this huge project because statistics have shown that a sizeable percentage of all businesses in Africa fall under the SME category and contribute approximately 40 per cent of GDP of most African countries. With UBA fast establishing presence across Africa and with presence in 19 African countries already, it is our ambition to roll out this workshop in all the African countries.”.

On UBA’s foray into the SME sector in Africa, Edgal said the bank was the first post consolidated bank in Nigeria to launch a N50 billion agro support fund farmers (especially small scale farmers) towards achieving food security in Nigeria.

Declaring the workshop open, John Gywtuah (MP), Ghana’s Deputy Minister of Trade and Industry, commended UBA Plc for being steadfast with its promise to help in the development of African businesses especially in Ghana where it has planned SME workshops in Accra and Kumasi.

In her opening remarks, Chief Executive Officer, EMPRETEC Africa Foundation, Mrs. Onari Duke, said the workshop was created as platform by UBA Growing Businesses in partnership with EMPRETEC Africa Foundation for supporting the growth of SMEs across Africa in the area of capacity and entrepreneurial development.

She listed areas of focus during the workshop to include; skills enhancement & development, attitudinal training, access to finance and creation of businesses networking opportunities.


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