Barclays Africa has reaffirmed its commitment to economic and socio-economic growth on the African continent through its Shared Growth Strategy, pledging $93 million to improve skills development and access to quality education.
The bank has also pledged to raise $89 million to help small and medium-sized African businesses succeed and grow, and ensure that more people have access to digital and non-digital financial services across the continent.
Speaking at a press briefing in Johannesburg, South Africa, Barclays Africa Group Chief Executive, Maria Ramos, said Shared Growth for Barclays Africa means having a positive impact on society and delivering shareholder value.
“The two are not mutually exclusive. We are applying our substantial resources to provide innovative commercial products, services and partnerships to build a more equitable and prosperous Africa for the next generation,” she said.
She added, “when our customers and clients do well, so do we. When the communities where we live and work thrive, we do too. And when society prospers, we all do. But only if we work together – private-public partnerships are the key to tackling some of the 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.”
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.
“We recognise that there is a virtuous link between society’s progress and our own success, and we therefore continually seek opportunities to be a good corporate citizen and contribute to the societies in which we operate in a meaningful way,” she said.
Managing Director, Barclays Bank of Ghana, Patience Akylanu, says as part of the Shared Growth Strategy, Barclays Africa has announced the appointment of a Shared Growth Advisory Council.
“We realise that making a meaningful contribution to economies and society is about shared value and shared opinion. We are proud to partner with industry leaders, civil society and government who will play a role in ensuring our contributions are meaningful and that our impact is sustainable,” says Akylanu.
She said the success of Barclays Ghana business is more than just the profits we make. “It is the sum of the impact of our operations on society and how we are empowering businesses, communities and people to grow and prosper,” said Akylanu.
Source: Ghana | Myjoyonline.com | GN
