Ecobank Nigeria To Unveil Women Empowerment Initiative ‘Ellevate’

All is set for the launch of “Ellevate”, a bespoke women empowerment offering of the Ecobank Group targeted at empowering women-owned and women-focused businesses in Nigeria on July 7, 2021 in Lagos.

A statement by the bank on Thursday quoted Executive Director, Commercial Banking, Carol Oyedeji, as saying the product (Registration link ), is specially designed for women in business, and businesses with a high percentage of female executives or employees.

According to the statement, Ellevate is an initiative of the Ecobank Group which is being launched in the 33 African countries where it operates, which also targets manufacturers of products used by women.

Its launch, it continued, underscores the bank’s commitment to empowering women by providing the platforms and opportunities for them to thrive, assuring that Ecobank understands the uniqueness of women’s needs and has put in place the appropriate resources to meet those needs. 

“With Ellevate, we recognise and acknowledge the critical role of women in the society. Ellevate offers women-owned businesses a wide reaching suite of solutions, incorporating smarter money management, discounted financing and value-added services to deliver, that female entrepreneurs need at the right time. We will work with the private sector and other interest groups to realise this. Ellevate offers end-to-end, differentiated business solutions, financial support, advisory services and networking opportunities for businesses in Nigeria that are managed and owned by women. In developing Ellevate, Ecobank took into consideration what women require from their bankers and successfully came up with pragmatic solutions that will help bridge identified gaps,” she stressed.

Furthermore, she said Ecobank Nigeria remains a women-friendly bank with many initiatives and innovative products targeted at empowering female entrepreneurs such as the Ecobank Female Entrepreneurs’ Initiative (EFEI), a platform designed to empower and support women owned small-scale businesses.

In addition, there are business loans for SMEs, inventory finance for key distributors, shop owner’s facility for traders, purchase order and invoice discounting, asset finance and agriculture finance among other laudable offerings. Special Guest expected at the Ellevate launch is the Managing Director, Development Bank of Nigeria, Tony Okpanachi, while the panelists are: Founder, Health Africa, Fola Laoye; Founder, Braveline Growth Partners, Taba  Peterside and Founder of Ruff ‘n’ Tumble, Nike Ogunlesi. The moderator is Tolulope Babajide, the Innovations and Partnerships Advisor on (Nigeria for Women Project), A World Bank-supported project.