The most innovative bank in Nigeria, Wema Bank, took home two excellence prizes from the Global SME Finance Forum Conference prizes 2024, which took place in São Paulo, Brazil, on September 16 and 18, 2024. SME Financier of the Year (Africa) and Platinum Award for Best Financier for Women Entrepreneurs (Africa) are the honours that were given out.
The world’s premier platform for geographically and technically diversified SME finance is the Global SME Finance Forum, which is exclusively dedicated to expanding SME financing globally. The Global SME Finance Forum Conference Awards, which are overseen by this Forum, are committed to recognising the innovative products and services that financiers develop for SMEs, honouring their effective and successful practices worldwide, recognising the remarkable outcomes in providing SMEs with more financing and services, and celebrating these outstanding financiers.
At the 2024 edition of the annual Global SME Finance Forum Conference Awards, Wema Bank was named Africa’s best financier, both overall and specifically for women-owned SMEs. The bank is well known as the preferred bank for Micro, Small, and Medium-Sized Enterprises (MSMEs) in Nigeria. It has been acknowledged for its remarkable history of creating novel, sustainable, and highly influential products, services, solutions, and business possibilities for companies of all kinds.
The Bank’s influence extends to access to the market, cost-effective financing options, easy payment collection solutions, digital solutions for effective business operation and management, SME advisory services, and a wide range of products catering to the requirements of companies in every region of Nigeria. It continues to customise its SME products exclusively for women through its women-focused proposition, SARA by Wema. This helps these women establish sustainable enterprises and gain access to the resources required to grow and prosper.
With reasonable or free healthcare packages, the Bank further promotes these women’s general health and well-being. Without question, Wema Bank deserves to be regarded as Africa’s leading financier of SMEs, especially those led by women.
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Wema Bank’s MD/CEO, Moruf Oseni, outlined the Bank’s comprehensive commitment to empowering MSMEs and provided an overview of the Bank’s overall strategy, saying: “MSMEs make up the bulk of Nigeria’s economy and they are critical to not only mitigating unemployment and other macroeconomic challenges but also promoting innovation and significantly boosting the economy towards national development. At Wema Bank, we recognise the potential that MSMEs hold as well as the challenges that threaten the maximisation of this potential, and we have made a lifelong commitment to providing viable, seamless, accessible, affordable, reliable, and effective solutions tailored to the needs of businesses of all sizes across Nigeria; especially women-owned businesses. There is a rising need for intentionally inclusive empowerment strategies in not only stimulating growth in the SME sector but also bridging the gap in gender equality, and we have undertaken the responsibility of fulfilling that need. As a Bank, our mission is to empower lives through innovation, and as always, we will continue to seek more effective ways to empower businesses for optimal productivity and sustainable growth.”
Continuing: “We are honoured by the global recognition accorded to us by the Global SME Finance Forum and as we receive these awards, we reiterate our commitment to providing businesses with the resources they need and a bouquet of intelligent solutions that mitigate prevalent challenges and make business management and operation seamless, maximally profitable and efficient. Thank you to the Global SME Finance Forum for the acknowledgement, and also to our valued customers who continue to entrust the future of their businesses and their financial well-being in our hands. This prestigious recognition honours our unwavering commitment to empowering SMEs and fostering innovation in SME finance, further fuelling our drive to consistently go above and beyond in accelerating growth for SMEs and delivering optimum value to every stakeholder. We are indeed the Bank of choice for MSMEs and women across Nigeria, and we will never relent in empowering women to thrive and businesses to scale regardless of economic fluctuations,” the CEO added.
Wema Bank is committed to providing excellent banking and financial services in Nigeria. It has done so by exceeding expectations, making a good impact in a variety of verticals, and inspiring people and businesses to succeed, BrandSpur banking and finance news reports.
To begin utilising the Bank’s customised loan alternatives and business-focused solutions, companies are urged to go to https://wemabank.com/smes or email smehelpdesk@wemabank.com.
