ECOBANK TANZANIA ENHANCES ‘ELLEVATE’ PROGRAM TO BOOST WOMEN ENTREPRENEURS

Ecobank Tanzania Managing Director, Dr. Charles Asiedu, addressing women entrepreneurs — small, medium, and large — during the launch seminar of the special program ‘Ellevate by Ecobank’ in Dar es Salaam.

Ecobank Tanzania Head of Commercial Banking, Joyce Ndyetabura, speaking about the bank’s services for women and entrepreneurs during the ‘Ellevate by Ecobank’ program seminar.

Dar es Salaam, 26 September 2025 – Ecobank Tanzania, a subsidiary of the Pan-African financial services leader, Ecobank Group, has launched an enhanced version of its award-winning ‘Ellevate by Ecobank’ program. The initiative aims to accelerate financial inclusion and economic empowerment for women entrepreneurs across all business segments in Tanzania.

BROADER SUPPORT FOR WOMEN ENTREPRENEURS

Originally designed to support small and medium-sized enterprises (SMEs) led or owned by women, Ellevate has now expanded its reach. The new program covers large corporates, SMEs, and sole traders in the informal sector, ensuring women in all stages of business growth benefit from tailored financial and non-financial solutions.

KEY BENEFITS OF THE ENHANCED ELLEVATE

• Access to finance: Unsecured loans of up to USD 50,000.
• Lower entry barriers: Eligibility now requires only a two-year track record.
• Competitive interest rates with favorable collateral requirements.
• Market expansion: Access to the MyTradeHub online platform connecting businesses across Africa.
• Capacity building: Training, leadership development, and industry knowledge webinars.
• Financial security: Insurance, wealth management, and salary protection services.

STRONG COMMITMENT TO WOMEN’S EMPOWERMENT

Dr. Charles Asiedu, Managing Director of Ecobank Tanzania, emphasized the program’s impact:

“Since its launch in Tanzania, we have onboarded over 300 women entrepreneurs. This enhanced program reinforces our commitment to being the bank of choice for women entrepreneurs and strengthens our role in driving financial inclusion and economic empowerment across Africa.”

He further noted that Ecobank offers not only loans and deposit solutions, but also digital banking tools, payment systems, and access to new markets, alongside training programs that help women scale their businesses with confidence.

CHAMPIONING WOMEN IN BUSINESS

Through Ellevate by Ecobank, the bank is ensuring that women entrepreneurs across Tanzania gain access to the tools, knowledge, and financial resources needed to thrive in today’s dynamic business environment.

For more details about the new Ellevate by Ecobank, visit: www.ecobank.com