Ecobank poised to help Gambia business community exploit trade opportunities

Friday, October 27, 2017

Ecobank Bank Gambia yesterday held a breakfast meeting with the business community and other stakeholders in The Gambia as part of efforts to exploit the available trade opportunities in the country and the sub-region.

The meeting on the theme ‘Facilitating trade in The Gambia’ was held at Kairaba Beach Hotel. 

At the forum, Ecobank introduced the business community to its products and services designed to enhance and foster trade in the country and beyond.  One of such services is the bank’s digital platform, including the mobile application, which offers a wider range of electronic tools and services dedicated to businesses including straight forward cash management to payment tools that capture turnover security.

Ecobank Gambia MD Josephine Anan-Ankomah said the bank offers unique trade and cash management solution that enables customers settle their international trade transaction seamlessly using secure and cost-efficient methods.

“The establishment of Ecobank representative offices in London, Belgium, Dubai and Paris is also a testimony of our commitment to facilitating trade as this makes it easier for our customers to transact seamlessly between Africa and the rest of the world,” she said.

A representative of the Gambia Chamber of Commerce and Industry (GCCI), Sulayman M. Joof, in a presentation on the role of GCCI towards trade facilitation and initiations, said the chamber is a recognised authority that issues certificate of origin of Gambian export and also promote trade in The Gambia.

“As the umbrella body of private sector organisation and businesses in The Gambia, GCCI represents and advocates on behalf of its members with the government on any issues affecting the private sector,” Mr Joof said.

GCCI was designated by The Gambia government as the national guarantor of the ECOWAS Inter-State Road Transact Scheme (ISRT), launched in 2008 and became functional in 2013.

The ECOWAS Trade Liberation Scheme (ETLS) is also an ECOWAS initiative to facilitate trade in the sub-region. 

Ousman Jobarteh, deputy managing director of the Gambia Ports Authority, said seaports account for 80 per cent of all trade transactions in many countries in the world.

He said the mission of the Banjul ports is to excel as a leading centre for trade logistics and distribution.

Malick Jawo of Ecobank, in a presentation on the trade products and cash management solution offered by Ecobank, said their digital solutions are secured and come with e-Alert, a handy early warning of debits and credits on customers’ account

He said the corporate electronic banking platform of Ecobank facilitates customers’ accounts management in an efficient and secured manner.

The bank offers unique intra-Africa trade solutions, enabling its customers to settle their international trade transactions efficiently and to mitigate payment risks.

“Ecobank is poised to assist customers to meet a broad range of financial needs,” Mr Jawo said.

Bank’s large Pan-African presence coupled with its international presence in Europe, the Middle East and China, makes it the perfect partner for all trade finance needs. 

Author: Fatou Dem
Source: Picture: Ecobank Gambia MD Josephine Anan-Ankomah