Barclays Africa has reaffirmed its commitment to enhance economic and socio-economic growth on the continent through its Shared Growth Strategy, pledging $93 million dollars to improve skills development and access to quality education.
The Bank has also pledged to raise $89 milloin dollars to help small and medium-sized African businesses succeed and grow, and to ensure that more people have access to digital and non-digital financial services across the continent.
Speaking at a press briefing in Johannesburg, Maria Ramos, Barclays Africa Group Chief Executive said “Shared Growth for us means having a positive impact on society and delivering shareholder value, the two are not mutually exclusive.
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| Maria Ramos |
Ramos says the Bank is applying the substantial resources to provide innovative commercial products, services and partnerships to build a more equitable and prosperous Africa for the next generation.
Ramos says the bank believes that when customers and clients do well, so do the bank adding that communities where bank lives and work thrive, it exists as well.
The Bank believes when society prospers, they all do, But only if they work together – private public partnerships are the key to tackling some of society’s biggest challenges – to deliver on growth opportunities.
“We believe a business can only be successful if it connects positively and creates value with the society in which it operates in,” added Ramos.
“Shared Growth is based on creating shared value. It emphasises the connections between societal and economic progress, showing that they are mutually dependent, and when unleashed can stimulate substantial growth. Companies can, and indeed should, develop deep links between their business strategies and citizenship.
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