By Raymond Rex Awiagah
The Story
The National Investment Bank (NIB) has unveiled a bold initiative to support 48 businesses across Ghana’s 16 regions. This initiative forms part of the banks strategic drive to promote industrialisation, entrepreneurship, and job creation.
MD, National Investment Bank Point of View
Managing Director of NIB, Dr. Doli-Wura Awushi Abdul-Malik Seidu Zakaria, made this announcement during the inauguration of the newly integrated Professional and Management Staff Union of the bank.
He explained that the bank will offer special moderate loans or equity investments to three carefully selected businesses in each of the 16 regions.
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“I will initiate supporting three industries or three individuals through special moderate loans, or investing in what we call equity interest in those organisations. Three in each region bringing to 48. The new ones I want to bring on board, therefore NIB will be dotted everywhere.”
The Initiative by National Investment Bank
The initiative aligns with NIB’s renewed desire focusing on industrial and commercial development in Ghana. The targeted businesses are expected to span various sectors.
Dr. Zakaria emphasised that this regional approach ensures that all parts of the country benefit from the bank’s intervention, thereby spreading the banks operations and services across the country which will ultimately create sustainable employment opportunities.
Reaction by union members
The announcement was warmly received by staff and union members, who praised the bank’s visionary leadership and renewed commitment to national development.