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The Ecobank Group expands its gender-financing offer to facilitate access to financing for Africa’s women entrepreneurs

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Ecobank Group

With this expansion, individual entrepreneurs – including those in the formal and informal sectors – can now fully benefit from its enhanced financial and non-financial solutions

LOMÉ, Togo, March 3, 2025/APO Group/ —
  • Ellevate by Ecobank expands to become bigger, better and more inclusive.
  • From supporting corporate businesswomen, small and medium-sized entrepreneurs to individual entrepreneurs, and those in the informal sector.

To bridge the gender financing gap for Africa’s women entrepreneurs, Ecobank (www.Ecobank.com), the leading pan-African financial services group, announces significant enhancements to its multi-award-winning gender-financing solution – ‘Ellevate by Ecobank’. These improvements strengthen Ecobank’s commitment to women-owned, women-led, and women-focused businesses, while reinforcing its market competitiveness.

The World Bank estimates that closing the gender gap in Africa could add $2.5 trillion to the continent’s GDP by 2025, underscoring the urgency of investing in women – not just for social justice, but for a more prosperous and equitable future for all Africans. In response, Ecobank’s enhanced Ellevate programme is now more ambitious and inclusive, designed to address the diverse challenges faced by women entrepreneurs. The programme is being extended from new and existing Commercial Banking customers to include new and existing Consumer Banking and Corporate Banking customers, as well as female business leaders, with Corporate Banking customers serving as a pool of mentors. With this expansion, individual entrepreneurs – including those in the formal and informal sectors – can now fully benefit from its enhanced financial and non-financial solutions.

We recognise and applaud the role that women entrepreneurs play in driving socio-economic impact across Africa

Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “We recognise and applaud the role that women entrepreneurs play in driving socio-economic impact across Africa and are committed to supporting them at every stage of their entrepreneurial journey. Since the launch of the Ellevate programme we have made significant progress, disbursing over US$200 million in loans, providing business networking opportunities, and offering leadership and capacity-building training for businesswomen.”

“Today, Ellevate 2.0 heralds in a new era for gender financing. It is bigger, better and more inclusive, delivering exceptional value to female entrepreneurs and women business leaders. Enhancing our products and solutions for women entrepreneurs to position Ecobank as their bank of choice is an integral component in accelerating the success of our Growth, Transformation and Returns strategy’s objectives. It also supports our Group-wide objective of promoting gender equality and contributing to sustainable development.”

The enhanced Ellevate’s value propositions now include:

  • Increasing access to finance with unsecured loans of up to US$50,000
  • Competitive interest rates and favourable collateral requirements
  • Accommodating customers with a two-year track record instead of the industry-standard three years
  • Helping them to find new customers and access new markets across Africa through our innovative online matchmaking MyTradeHub platform
  • Training, knowledge sharing webinars, support and other initiatives to enhance customers’ business and leadership skills
  • Customised wealth management services
  • A one-stop shop to meet insurance needs.
  • A loyalty programme providing exclusive offers and discounts at select retail stores and recreation centres

To coincide with the celebrations of the International Women’s Day, our enhanced Ellevate program will be launched by nine of our affiliates (Burkina Faso, Cameroon, Côte d’Ivoire, Ghana, Guinea, Kenya, Senegal, Togo and Zimbabwe) by the end of March 2025. It will then be rolled-out in phases across all our other sub-Saharan African affiliates throughout the year.

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

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Orange Africa and Middle East and Eutelsat Announce a Strategic Partnership to Accelerate the Deployment of Satellite Internet in Africa and the Middle East

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Orange is already a reference customer of Eutelsat’s KONNECT VHTS satellite, which it uses to provide broadband services to its subscribers in France

CASABLANCA, Morocco, March 4, 2025/APO Group/ –Orange Africa and Middle East (OMEA) (www.Orange.com) and Eutelsat announce a strategic partnership to bridge the digital divide through satellite connectivity in Africa and the Middle East. It aims to connect isolated areas with broadband access, thereby strengthening digital inclusion in the region.

As part of this multi-year partnership, Orange will use the EUTELSAT KONNECT satellite, which offers state-of-the-art broadband technology, to provide reliable and accessible Internet access. Initially, deployment will involve Jordan, Côte d’Ivoire, Senegal and the Democratic Republic of Congo, with the aim of gradually extending to all countries in the region.

By combining Orange’s expertise in telecommunications and Eutelsat’s technological innovation in the satellite sector, this partnership will make it possible to offer services tailored to both private individuals (B2C) and businesses (B2B), guaranteeing secure, reliable and high-performance connectivity. The complementary nature of the fixed, mobile and satellite technology offers will help to connect isolated territories and meet the growing need for Internet access in the region.

The partnership is based on cutting-edge solutions offering speeds of up to 100 Mbps, which, combined with Orange’s capabilities, will make it possible to:

Our satellite technology including GEO capacity, combined with Orange’s local footprint, brings connectivity where it’s needed most

  • Cover white and rural areas,
  • Provide services tailored to local conditions and the needs of individuals and businesses,
  • Provide reliable and secure connectivity, in compliance with national regulations.

This proactive approach is part of a long-term vision to support digital development in all the areas where Orange is present, using the best technologies available, while respecting national frameworks and enhancing local ecosystems.

Jérôme Hénique, CEO of Orange Africa and Middle East, comments: “This partnership illustrates our commitment to connecting all territories and bridging the digital divide in Africa and the Middle East.

Today, Orange serves more than 160 million customers in the region, and is pursuing its ambition to provide digital access for all. Drawing on our expertise and local roots, we are positioning ourselves as a key player in supporting evolving customer expectations, while guaranteeing sustainable connectivity that respects local legislation.”

Michael Trabbia, CEO of Orange Wholesale, said: “I am delighted with this strategic partnership between the Orange Group and Eutelsat Group, which is part of a long-term relationship. It is part of our strategy to offer our customers the best satellite connectivity solutions in high and low orbit, complementing our terrestrial networks. Orange Wholesale’s satellite factory has all the expertise required to implement this strategy for all Orange Group entities. We also offer satellite operators the terrestrial connectivity solutions they need, such as teleports or long-distance fiber.”

Cyril Dujardin, President of the Connectivity Business Unit within the Eutelsat Group added: “Our satellite technology including GEO capacity, combined with Orange’s local footprint, brings connectivity where it’s needed most. Together, we’re creating a robust solution to accessibility challenges, providing reliable and affordable connectivity for consumers and businesses alike.”

Orange is already a reference customer of Eutelsat’s KONNECT VHTS satellite, which it uses to provide broadband services to its subscribers in France.

Distributed by APO Group on behalf of Orange Middle East and Africa.

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Cloud-Based Cybersecurity: Future-Proofing African Business

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The demand for cloud computing services in Africa is growing between 25% and 30% annually, according to data firm Xalam Analytics

CAPE TOWN, South Africa, March 4, 2025/APO Group/ –Legacy cybersecurity systems – once recognized as the cornerstone of business infrastructure – are putting African companies at risk of data breaches and cyberattacks, which could end up costing more than just money. These on-premises solutions have been identified as major threat to businesses, due to outdated tech, missing modern security features, and integration challenges – an issue that only grows worse as hardware gets older. In response, cybersecurity experts recommend that businesses switch over to cloud-based solutions, which offer continuous, automated updates for up to date protection.

 

“Africa’s rapidly expanding economy has made it a target for cybercriminals looking to exploit weak points in the digital infrastructure of local businesses. Cyber threats are also evolving and adapting faster than ever – which means that businesses need to be able to upgrade their cybersecurity in real-time, to ensure their data and finances remain protected against the latest threats,” says Tony Anscombe, Chief Security Evangelist at ESET, a leading international cybersecurity company with a presence across the continent.

As technology progresses, support for older systems, including patches and updates, dwindles. This means that legacy systems may not be able to accommodate modern technologies and new security best practices – including multi-factor authentication and encryptions. As a result, vulnerabilities in older software and hardware remain unaddressed, leaving gaps in the defense framework and making them prime targets for cyberattacks. This can also lead to non-compliance, resulting in legal issues and hefty fines.

Africa’s rapidly expanding economy has made it a target for cybercriminals looking to exploit weak points in the digital infrastructure of local businesses

“If a data breach occurs, it will impact operational continuity and damage the brand’s reputation far more than the downtime needed to upgrade their systems. Recognizing that outdated solutions could cost them more in the long run, businesses are switching over to cloud-based solutions,” says Anscombe.

Cloud-based cybersecurity systems host digital defences outside of a business’s internal network, providing a ‘protective layer’ that blocks threats before they can reach critical infrastructure. By nature of being hosted on the cloud, these digital solutions offer greater cost flexibility and opportunity to scale (up or down), compared to hardware-bound legacy systems – both of which are key considerations when it comes to Africa’s thriving start-up ecosystem.

These solutions also make use of the latest technologies – for example, leveraging artificial intelligence and machine learning to continuously monitor digital infrastructure. This means they can detect and respond to cyber threats, including zero-day attacks (previously unknown vulnerabilities), much earlier than conventional methods. Cloud-based solutions also learn and share information about emerging threats detected in other regions, integrating the information in real time and adjusting detection models so they are always prepared.

A further element of flexibility offered by cloud-based solutions is having more options to choose from; “Since cloud-based operations can be deployed and serviced from anywhere, businesses can look beyond their immediate physical borders when it comes to choosing a provider. This means being able to select a provider based on best-fit, instead of closest-to-the-office,” says Anscombe.

The demand for cloud computing services in Africa is growing between 25% and 30% annually, according to data firm Xalam Analytics. This is based on an understanding that cloud-based solutions enable African businesses to compete globally, without the financial strain of upfront investment and ongoing maintenance of expensive IT infrastructure. Applying the same school of thought to cybersecurity is the first step in building a resilient, digitally secure business in an age of ever-developing cybercrime.

Distributed by APO Group on behalf of ESET.

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SUNRATE and Atlas Forge Strategic Partnership to Revolutionise Travel Payments with Innovative Solutions

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SINGAPORE – Media OutReach Newswire – 4 March 2025 – SUNRATE, the global payment and treasury management platform, today announced a strategic partnership with Atlas, the global travel technology company, at ITB Berlin 2025. As part of the partnership, SUNRATE will integrate its advanced travel payment solutions with Atlas’s ATRIP (Air Travel Retailing and Information Platform).

Revolutionising the Travel Industry with Global Payments and Low-Cost Carrier (LCC) Content

This partnership exemplifies how SUNRATE tackles key challenges in global travel distribution. At ITB Berlin, SUNRATE showcased how its commercial cards – trusted by partners like Atlas – are transforming travel payments for the industry.

SUNRATE’s virtual and physical commercial cards enable customers to settle card spends in more than 15 currencies. They also allow the customisation of key parameters, such as card limits and use cases, providing tailored financial control. Customers can also access real-time transaction statements and reconciliation tools. SUNRATE is certified to the international financial data security standard, Payment Card Industry Data Security Standard (PCI DSS) Level 1.

“Teaming up with Atlas underscores our commitment to innovation and customer-centric solutions. As we continue to lead the way in global payment solutions, we remain steadfast in our mission to evolve our commercial card offerings, empowering travel businesses to navigate complex payment landscapes with agility and confidence,” said Shawn Qin, Head of Card Business at SUNRATE.

Addressing Cross-Border Payment Challenges

Cross-border payments remain one of the biggest challenges for the global travel distribution industry. Providing flexible, secure, and efficient payment solutions to travel sellers is essential for Atlas, which partners with 150 low-cost airlines and serves clients across the globe.

“The global payment ecosystem is constantly evolving, and keeping up with changing needs and regulations is no small task. That’s why Atlas is committed to working with the world’s leading payment providers to deliver the most up-to-date solutions to our customers,” said Mary Li, CEO and Founder of Atlas. “We are thrilled to partner with SUNRATE to empower the global travel ecosystem with efficient, convenient, and secure payment infrastructure.”

About SUNRATE
SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/

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