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UT Bank Donates to Enablis Entrepreneurial Network

UT Bank has donated an amount of GH¢100,000 to Enablis Entrepreneurial Network, as a support package to assist the organization infrastructure and ensuring that Enablis member businesses have a higher survival and growth rate.

Presenting the cheque to the organization, the Chief Executive Officer (CEO) UT Bank, Prince Kofi Amoabeng said the bank is a firm believer in Enablis’ model of leveraging and supporting entrepreneurial talent in Africa.

According to him their partnership with Enablis allows the bank deliver small business focused solutions fostering local entrepreneurship, and enabling job creation and social-economic opportunities.

Tony Oteng-Gyasi, Enablis Ghana Chairman indicated that the promotion of entrepreneurs into the mainstream economy and the creation of more small to medium businesses will accelerate the economic development of Ghana.

The Enablis formula was tested at the end of 2009 by an independent research company, Research in Action. In the East African operation, 61% of Enablis’ members reported an increase in revenue turnover in the past year and that 88% of the entrepreneurs surveyed felt that they had improved their knowledge and business skills as a result of their engagement in the Enablis network.

Shika Acolatse, Enablis Ghana Country Director noted that their partnerships with the important local institutions like UT Bank give the network the ability to fulfill their mandate of providing support to entrepreneurs in all phases of business.

She noted that these partnerships also allow them to make a substantial difference to the sustainability of Ghanaian entrepreneurs in terms of skills development, networking and business opportunities.

Sally Moodley, CEO of Enablis Africa said with a great track record in addressing entrepreneurial capacity building and community- based socio-economic development, Enablis together with its valued partners Microsoft and The Association of Ghana Industries, are well equipped to create local economic empowerment in Ghana.

As a membership-based organization, Enablis selects entrepreneurs and creates an environment for their business success. Teamed into peer groups, members gain access to advisors and receive information on business opportunities.

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