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Business News of Tuesday, 3 October 2017

Source: Myjoyonline.com

Busy, Omni Bank partner to empower SMEs

Busy Internet has partnered with OMNI Bank to train small and medium scale entrepreneurs and businesses looking to transform their businesses for growth.

The theme of the clinic was innovative financing options for businesses.

Speakers provided insights on the financing options available to businesses, requirements to access them and the key pointers to look out for in planning a business project or transaction around these instruments.

Participants were taken through high-impact training sessions in small groups by experts, deep dive sessions with mentors and practical case study discussions. Participants also had networking opportunities with potential investors, funding organizations and special treatment for loan access and one- on- one interactions with Busy 4G on specifically designed internet solutions for their businesses.

Speaking at the clinic Rashidatu Abdulai, Head of Enterprise Sales at Busy said ‘Busy believes small and medium scale businesses are the future of our country hence the focus on forging partnerships, creating platforms and opportunities that empower businesses to grow as exemplified by Busy’s partnership with OMNI Bank on the monthly SME Clinic series.

She further stated that beyond funding and finance management, one essential component of a growing business is operational efficiency thus it is important that businesses look out for partners who will not only provide support services but will provide a full range of services that will help improve operational efficiency.

She said Busy from its startup days has a track record of supporting businesses to set up, improve their operational efficiencies and ultimately move to the next level. “From the era where we run Ghana’s premier shared workspace area, which provided startup support services like company registration assistance to this era where we are constantly creating platforms to educate and empower our SME customers and products that add value to their operations, we have always been an advocate and a partner for small businesses in Ghana”.

Speaking on funding instruments available to entrepreneurs Francis Opoku-Mensah – a development Banking & Financial Modelling specialist walked participants through instruments such letters of credit, equity financing, angel investors, public offering, performance, contract bonds, contract bid securities, and loans.

The clinic was the 3rd in the series to be held this year.