• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, February 3, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

eco.business Fund Extends USD15 Million To Fidelity Bank To Expand Access To Finance For Agribusinesses In Ghana

September 1, 2022
Stephen KotochiebyStephen Kotochie
in Agribusiness, Sub Top Stories1
0
eco.business Fund Extends USD15 Million To Fidelity Bank To Expand Access To Finance For Agribusinesses In Ghana

Managing Director of Fidelity Bank Ghana, Mr. Julian Opuni (Left) and a representative of the eco.business Fund

The eco.business Fund, an impact investment fund advised by Finance in Motion, has made its first investment in Ghana, extending USD 15 million to Fidelity Bank.

The senior loan will be on-lent to a wide range of agribusinesses that cover the entire value chain – from food production to logistics and supply chains across domestic staples and export crops – while promoting production and consumption practices that contribute to the sustainable use of natural resources and biodiversity conservation.

The partnership between the eco.business Fund and Fidelity Bank will enable both parties to work together to build the capacity of agribusinesses directly in key value chains. The partners will strive to promote market linkages, climate-resilient and sustainable agricultural practices, as well as provide technical support and training to agribusinesses and bank staff.

RelatedPosts

AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture

There is Growing Unmet Market Demand and Unused Processing-Export Capacity for Soyabean in Ghana– Dep. Agric Minister

Ghana Launches Its Agribusiness Partnership With EU To Promote Agricultural Investment

aaa2ab222d81d33

Commenting on the partnership, the Managing Director of Fidelity Bank Ghana, Mr. Julian Opuni, said Fidelity Bank is happy to be forging this strong partnership with the eco.business Fund which will boost the growth of the agricultural sector.

“This reinforces Fidelity Bank’s continuous support to the growth of agribusinesses in the country. In addition to the funding, we will also provide capacity building to customers in the agribusiness value chain.

“As an indigenous bank that embodies Ghanaian excellence, we see this partnership as catalyst for growing the SME sector as it will boost our capacity to support more SMEs in the agribusiness space”. 

Mr. Julian Opuni

Dr. Jens Mackensen, Chairperson of the Board of Directors of the eco.business Fund, also said his outfit is proud to join forces with Fidelity Bank to support the entire agrifood value chain in export and domestic crops.

“The fund’s investment not only provides much needed patient capital to agribusinesses but will also have a positive impact on sustaining employment, improving sustainable agriculture practices and domestic food security”.

Dr. Jens Mackensen

Fidelity Bank demonstrates leadership in Agriculture finance

As a major player in the banking and finance space in Ghana, Fidelity Bank demonstrates its leadership by supporting the growth of the agricultural sector, not just because of the business and commercial opportunities it presents, but most importantly the direct impact it has on job creation, food security, improved livelihood, and gender inclusion.

 The bank provides tailor-made solutions to agribusinesses across most value chains with a focus on tree crops, nuts, cereals, livestock production, roots and tubers as well as across agrochemical and input supplies. The bank’s strong commitment to small and medium enterprises (SMEs), financial inclusion, and sustainability makes it an ideal partner for the fund.

A country with rich biodiversity and a large share of agriculture in its GDP and employment, Ghana is striving to be food self-sufficient in the coming years.

The country has taken active steps towards sustainability and food security through the adoption of sustainability standards within the agribusiness sector, a focus on domestic production, and key export commodities.

The partnership between Fidelity Bank and the eco.business Fund ascertains the mutual commitment of both parties in delivering on this agenda.

In a little over a decade, Fidelity Bank Ghana has grown from a discount house to a Tier-1 Bank and is now the largest privately-owned Ghanaian Bank in Ghana. The bank currently serves its approximately 2 million customers in 75 branches across Ghana and is a leader in the digital banking space.

 The bank has two subsidiaries, Fidelity Asia Bank Limited, which is a wholly owned subsidiary in Malaysia and Fidelity Securities Limited, an asset management firm.

In a short period of time, Fidelity Bank has become a household name in Ghana by adopting a customer-centric culture and delivering consistently on the promise of making a difference in the lives of all stakeholders.

On the other hand, the eco.business Fund aims to promote business and consumption practices that contribute to biodiversity conservation, to the sustainable use of natural resources, and to mitigate climate change and adapt to its impacts in Latin America and the Caribbean, and sub-Saharan Africa.

The fund pursues its mission by providing dedicated financing and technical assistance to financial institutions and businesses committed to sustainability and focuses on four economic sectors: agriculture and agri-processing, fishery and aquaculture, forestry, and sustainable tourism.

READ ALSO: President Akufo-Addo Approves Inclusion Of Nuclear Energy Mix

Tags: agricultureeco.business FundEmploymentFidelity Bankfinancial inclusionGDPghanaSMEs

Related Posts

AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture
Agribusiness

AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture

February 3, 2023
There is Growing Unmet Market Demand and Unused Processing-Export Capacity for Soyabean in Ghana– Dep. Agric Minister
Agribusiness

There is Growing Unmet Market Demand and Unused Processing-Export Capacity for Soyabean in Ghana– Dep. Agric Minister

February 3, 2023
Ghana Launches Its Agribusiness Partnership With EU To Increase Investment
Agribusiness

Ghana Launches Its Agribusiness Partnership With EU To Promote Agricultural Investment

February 1, 2023
African Development Bank Approves $50m and €50m To Develop Agricultural Value Chains, Food security
Agribusiness

African Development Bank Approves $50m and €50m To Develop Agricultural Value Chains, Food security

February 1, 2023
BoG Discloses A Decline In Bank’s Profitability by 18.9% to GH¢3.9 billion in 2022
Finance

BoG Discloses A Decline In Banks Profitability By 18.9% To GH¢3.9 billion In 2022

January 30, 2023
BoG’s Frequency Indicator Measures Ghana’s Economy As Moderate, Suggest Fiscal Measures To Aid In Debt Sustainability
Finance

BoG Measures Ghana’s Economy As Moderate, Suggest Fiscal Measures To Aid In Debt Sustainability

January 30, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

President Akufo-Addo Approves Inclusion Of Nuclear Energy Mix

Next Post

Investor interest in T-bills Soars as T-bills Oversubscribed

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Entertainment

Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor

by Esther Korantemaa OffeiFebruary 3, 2023
Oil Weakens As Market Awaits Signs Of China Demand Recovery
Extractives/Energy

Oil Weakens As Market Awaits Signs Of China Demand Recovery

by Stephen M.CFebruary 3, 2023
Blinken Postpones China Trip Over Mystery Flying Ballon
USA

Blinken Postpones China Trip Over Mystery Flying Ballon

by Comfort AmpomaaFebruary 3, 2023
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Extractives/Energy

Newmont Obliges To Ghana’s Tax Laws, Pays Gh¢184.6m As Dividends To Government

by Gifty BansahFebruary 3, 2023
Uber And Nissan To Partner For Africa’s Green Economy Summit
Innovation

Uber And Nissan To Partner For Africa’s Green Economy Summit

by Priscilla Dziedzorm FiakpornuFebruary 3, 2023
Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
General News

Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11

by Emmanuel SarpongFebruary 3, 2023
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Oil Weakens As Market Awaits Signs Of China Demand Recovery
Blinken Postpones China Trip Over Mystery Flying Ballon
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Uber And Nissan To Partner For Africa’s Green Economy Summit
Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In