{"id":46162,"date":"2023-11-01T14:45:45","date_gmt":"2023-11-01T14:45:45","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/asf-meets-gambia-business-owners-bankers-association"},"modified":"2023-11-01T15:02:50","modified_gmt":"2023-11-01T15:02:50","slug":"asf-meets-gambia-business-owners-bankers-association","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association","title":{"rendered":"ASF meets Gambia business owners, Bankers Association"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>The African Solidarity Fund (ASF) through the Gambia Chamber of Commerce and Industry on Thursday met Gambia business owners to introduce and discuss their work at a meeting held at GCCI.<\/b><\/p>\n

The fund mainly focuses on facilitating resources necessary for the realization of investment.<\/p>\n

Jean Berchmans Nkurunziza, central director in charge of Strategy and Operations at ASF, said they work mainly with private sector with banks and financial markets and investors.<\/p>\n

\u201cWe have three main products. The first one, which is very prominent, is guarantee. We use guarantees to permit people to access to financing those guarantees provided in the benefits of SMEs, big enterprises, micro enterprise prices, microfinance institutions\u201d.<\/p>\n

He added that access to finance is dedicated mainly to the private sector, saying that in their call of mission, the private sector is the second key after the government.<\/p>\n

Jean went on to state that ASF was founded in 1975 and began its operations in 1979. In 2015, he said the organization decided to extend to all African countries and in that context; they invited all African countries, including the Gambia to join the organization.<\/p>\n

Sarata Conateh, Chief Executive Officer of GCCI, expressed delight while thanking members of the private sector for gracing the convergence to explore other avenues of accessing finance.<\/p>\n

She explained that every time they do a survey at the end of every year access to finance happens to always feature as one of the key challenges of doing business in the Gambia. \u201cWhether it\u2019s accessing it here or internationally, whether its affordability or availability is still limited as a challenge in the Gambia.\u201d<\/p>\n

Ebrima Senghore of G-Quiz, said:\u201cI think that the guarantee system that they have can help a lot. But I don\u2019t see that it can help a start up soon more for the SMEs. We need to find more funds or companies or investors that are willing to actually invest in the Gambian tech ecosystem, which we hear a lot of stories about, and we see a lot of, of these major corporations of funds often invite us to these events and these conversations, but nothing happens at the end of the day. So I think it has to be focused more on the tech scene, because that\u2019s the space that actually makes an impact in masses and combat spreads very fast.\u201d<\/p>\n

Also speaking in a different engagement with bankers at Coco Ocean, Jean stated: \u201cThe relationship between the ASF and the banks is crucially important in the financial landscape and our partnership plays a critical role in supporting the economic and financial development of our member countries. As the guarantee fund, our fundamental mission as ASF is to facilitate access to finance for companies, entrepreneurs, public entities, and governments among others.\u201d<\/p>\n

He further reiterated that bankers are at the heart of the process while emphasizing that the expertise, resources and commitment to their client\u2019s success are key to driving our economy.<\/p>\n

\u201cOver the few years in its member countries, he added that the partnership between guarantors and banks has evolved in strength. He said they work hand in hand to overcome economic and financial challenges while maintaining an environment of trust for borrowers.\u201d<\/p>\n

Allan Kinuka, Business Development Officer of ASF and in charge of the Gambia, stated that their vision is to become, by 2025, a strong and innovative pan-African institution at the service of the structural transformation of member states\u2019 economies.<\/p>\n

Dwelling on their mechanisms of intervention, he said that guarantees offered by the ASF include bank loans, guarantees for raising resources (Financial Markets), portfolio guarantees, coverage of public contracts (construction, delivery and services), and import-export operations coverage.<\/p>\n

Nnamdi Anozil, vice president of the Bankers Association of The Gambia, assured his association\u2019s commitment, saying they were thrilled by the mission and vision of the organization.<\/p>\n

\u201cGoing by ASF\u2019s good work in other countries, we don\u2019t have any doubt and we will take advantage to ensure that we move forward, move the lives of the people and the standard of the financial institution of the country,\u201d he said.<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. The African Solidarity Fund (ASF) through the Gambia Chamber of Commerce and Industry on Thursday met Gambia business owners to introduce and discuss their work at a meeting held at GCCI. The fund mainly focuses on facilitating resources necessary for the realization of investment. Jean Berchmans Nkurunziza, central director in charge of […]<\/p>\n","protected":false},"author":84,"featured_media":46161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,2366],"tags":[2355,2361,260],"class_list":["post-46162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"\nASF meets Gambia business owners, Bankers Association - Gambia<\/title>\n<meta name=\"description\" content=\"The African Solidarity Fund (ASF) through the Gambia Chamber of Commerce and Industry on Thursday met Gambia business ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASF meets Gambia business owners, Bankers Association\" \/>\n<meta property=\"og:description\" content=\"The African Solidarity Fund (ASF) through the Gambia Chamber of Commerce and Industry on Thursday met Gambia business ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-01T14:45:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-01T15:02:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/11\/sm_1698838317.150628.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ASF meets Gambia business owners, Bankers Association\",\"datePublished\":\"2023-11-01T14:45:45+00:00\",\"dateModified\":\"2023-11-01T15:02:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association\"},\"wordCount\":699,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/11\/sm_1698838317.150628.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/asf-meets-gambia-business-owners-bankers-association\",\"name\":\"ASF meets Gambia business owners, Bankers Association - 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