Absa Financial institution Ghana and AngloGold Ashanti, Obuasi Mine, have partnered to assist Small and Medium-sized Enterprises (SMEs) in Obuasi and its environs as a part of efforts of the latter in direction of the transformation of the native economic system the place it operates.
To this finish, the 2 organisations have signed a Memorandum of Understanding (MoU) to mark the partnership.
The 2 might be collaborating to undertake 4 initiatives to help SMEs throughout the Obuasi Mine’s operational space to enhance their enterprise functionality and create non-direct mining jobs in Obuasi, with the purpose of diversifying and sustaining the native economic system.
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The 4 initiatives are Enterprise Acceleration and Sustainability, Ladies in e-Commerce, Enterprise Provide Chain Improvement, and the Artisans to Entrepreneurs Venture.
A press release issued by Absa Financial institution in Accra on Friday stated the partnership would supply MSMEs with expertise coaching and assets to drive accelerated business progress, entry to finance and markets, data of the digital economic system, and an upskill of technical and vocational artisan expertise.
“By nurturing them by focused mentorship, funding opportunities and entry to trade consultants, each organizstions are dedicated to creating an enabling and thriving entrepreneurial environment for MSMEs in Obuasi,” it stated.
“We’re delighted to collaborate with Absa Financial institution Ghana to collectively implement the 4 initiatives we co-designed. AngloGold Ashanti Ghana views this as a strategic partnership that can enable us to create a supportive atmosphere for entrepreneurs, “Mr Emmanuel Baidoo, Senior Supervisor – Sustainability of AngloGold Ashanti, Obuasi Mine, stated.
“These initiatives we might be embarking on collectively search to diversify and discover new market alternatives for native enterprisees, assist SMEs with entry to finance, in addition to set up robust relationships between the Obuasi Mine and native companies,” Mr Baidoo added.
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Mrs Audrey Abakah, Director of SME, Company Banking and Partnerships of Absa Financial institution Ghana, stated, “We’re extraordinarily excited to associate with AngloGold Ashanti Ghana Ltd, Obuasi Mine, on this journey to rework lives in Obuasi and its environs. With the shared purpose of positively impacting the lives of stakeholder communities, we’re completely happy to construct synergies to ship the wanted impetus to assist carry financial transformation to those communities.”
“We have now been on the forefront of supporting SMEs to scale as much as meet the challenges of the instances and rework them into the companies of the longer term. This partnership supplies an avenue for us to assist these SMEs realise their full potential and we’re completely happy to collaborate,” she stated.
