USD5m for Ghana’s SMEs

GHANA

|
Image: By BiztechAfrica
USD5m for Ghana’s SMEs

Ghana’s UT Bank has received a USD5 million subordinated loan from the German Investment Corporation (DEG) to support small and medium-sized enterprise development in Ghana.

DEG finances investments of private companies in developing and emerging economies. The Group holds a 12% stake in UT Bank.

UT Bank has  pledged to focus on the SME sector, offering a range of tailor-made banking products and services.

The bank says it is aware of the frustrations SMEs face with financing and banking, and aims to alleviate these.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE GHANA NEWS

Mainstream Renewable Power to build and operate Ghana’s first utility-scale wind farm

Global wind and solar company Mainstream Renewable Power today announced the signing of an agreement with Swiss wind farm developer NEK Umwelttechnik to purchase the 225 megawatt (MW) Ayitepa Wind Farm, located 40 kilometres from Accra on the east coast of Ghana.  Read More

Tigo supports MUSIGA Grand Ball

Tigo Ghana came out in support of efforts to raise funds for the Ageing Musicians Welfare Fund (AMWEF) of MUSIGA, at a ball in Accra. Read More

Vodafone Icons Remix holds final auditions in Accra

Ghana’s capital city, Accra, came to a standstill when the final audition of the Vodafone Icon Remix edition hit town.  Read More

Eaton Towers acquires Airtel towers in 6 countries

Eaton Towers and Bharti Airtel today announced an agreement for the acquisition of over 3,500 telecoms towers by Eaton Towers from Airtel. Read More

NCR urges Blu, Goldkey telecom to roll out before deadline

The Network of Communication Reporters has urged two Broadband Wireless Access licensed companies, Blu and Goldkey Telecommunications to roll out before their 18 month deadline, which ends in November 2014.  Read More

Tigo Cash users can now buy airtime for other networks

Registered users of Tigo Ghana’s Mobile Financial Service, Tigo Cash, can now purchase airtime for other networks for their friends and family in real time.  Read More

MTN Ghana witnesses massive subscription through iFest

MTN Ghana says it recorded close to 25,000 new data subscriptions through iFest last year, indicating that iFest has been very well received in Ghana.  Read More

Jobberman Ghana names brand ambassador

Jobberman Ghana, a jobs advertisement website, has launched its services and outdoored its Brand Ambassador at a ceremony in Accra.  Read More

Ghana IT gets a boost with Surfline 4G LTE

Ghana’s internet growth is about is about to witness another massive boost as Surfline Communications Limited makes inroads into the ICT sector with the official introduction of its 4G Long-Term Evolution network in Accra. Read More

Ghanaian partnership to battle Cholera, Ebola through tech

The Pharmaceutical Society of Ghana (PSGH) has partnered with mPedigree Network and PopOut to launch the PREVENT initiative, which looks to employ technology to crack down on fake and counterfeit medicines. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

MFarmer SMS redefines market access for Ugandan farmersMFarmer SMS redefines market access for Ugandan farmers

Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures. 

IN DEPTH

NIG President speaks his mindNIG President speaks his mind

Bayo Banjo, CEO, Disc Communications and President, Nigeria Internet Group (NIG) says the proposed licensing of infrastructure companies by the Nigeria Communications Commission (NCC) will breed corruption and entrench monopolistic practices. Kokumo Goodie reports.