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Home Companies Company News

FSD Africa pledges greater support for Diamond Bank’s financial inclusion projects

NM Partners by NM Partners
May 23, 2018
in Company News, Corporate Updates
L – R : Mark Napier, Director, Financial Sector Development Africa, (FSDA); Gil Lacson, Director, Strategic Partnerships, Women’s World Banking; Paul Musoke, Director, Financial Services, Financial Sector Development Africa (FSDA); and Uzoma Dozie, CEO, Diamond Bank Plc at a Dinner hosted by Diamond Bank Plc in Lagos recently.

L – R : Mark Napier, Director, Financial Sector Development Africa, (FSDA); Gil Lacson, Director, Strategic Partnerships, Women’s World Banking; Paul Musoke, Director, Financial Services, Financial Sector Development Africa (FSDA); and Uzoma Dozie, CEO, Diamond Bank Plc at a Dinner hosted by Diamond Bank Plc in Lagos recently.

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The Financial Sector Development for Africa, (FSD Africa) an agency funded by the United Kingdom Government through UK Aid has reiterated its commitment to provide more support for Diamond Bank Plc on its financial inclusion drive.

This was stated at a dinner hosted by the Bank in honour of visiting executives from FSD Africa. FSD Africa is a market catalyst that applies a combination of resources, expertise and research to address financial market failures to deliver a lasting impact for an efficient, robust and inclusive market.

 L – R : Sola Oyinlola, Board Member, all of Financial Sector Development Africa (FSD); and Uzoma Dozie, CEO, Diamond Bank Plc at a Dinner hosted by Diamond Bank Plc in Lagos recently.
L – R : Sola Oyinlola, Board Member, all of Financial Sector Development Africa (FSD); and Uzoma Dozie, CEO, Diamond Bank Plc at a Dinner hosted by Diamond Bank Plc in Lagos recently.

 

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Speaking at the dinner, Director, Financial Services, FSD Africa, Paul Musoke said, “We commend Diamond Bank for employing professionalism in all their dealings with us. Even though the agency had partnerships with other banks and organizations across the continent, the partnership with Diamond Bank was essentially our longest and most successful partnership amongst all. We did not only provide funding but also worked closely with the team on ground.”

Responding to Paul’s comments on the successful partnership between FSD Africa and Diamond Bank, Uzoma Dozie, CEO, Diamond Bank, took the opportunity to highlight the factors behind their success. According to him, “First of all, what I would say is that when  we decided  to go beyond this  journey of  redefining  how  we  wanted  to engage the Nigerian market, I don’t think that we could have done it  using  the old ways  of banking, which  was, you know, doing everything by yourself, and I think our successes achieved so far are as a result of partnership & collaboration with donor agencies such as EFIna, Women’s World Banking (WWB) and FSDA.”

L - R: Vincent Rague, Chairman, FSD, Africa; Caroline Anyanwu, Deputy Managing Director, Diamond Bank Plc; Chizoma Okoli, Executive Director, Diamond Bank Plc; and Mike Foster, Senior Advisor, Investment & Finance, FSD at a Dinner hosted by Diamond Bank Plc in Lagos recently.
L – R: Vincent Rague, Chairman, FSD, Africa; Caroline Anyanwu, Deputy Managing Director, Diamond Bank Plc; Chizoma Okoli, Executive Director, Diamond Bank Plc; and Mike Foster, Senior Advisor, Investment & Finance, FSD at a Dinner hosted by Diamond Bank Plc in Lagos recently.

 

Head, BETA propositions, Diamond Bank, Njideka Nwabueze spoke on how the Bank had worked with Women’s World Banking to close the financial inclusion gap by creating products that would provide customers with access to financial services. According to her, “After extensive research, we launched the BETA proposition in 2013: an account that enabled customers to save towards the rainy day’’. BETA targets market traders thus supporting small and medium enterprises (SMEs). The proposition has reached over 600,000 clients (over 70% of whom engage in trade). Their savings enhances their ability to manage economic shocks.

L – R : Chizoba Iheme, Head, Liabilities, Emerging Businesses; Njideka Nwabueze, Head, BETA propositions, Financial Inclusion; and Helen Nwelle, Head, Assets, Emerging Businesses, all of Diamond Bank Plc at a Dinner hosted by Diamond Bank Plc in Lagos recently.
L – R : Chizoba Iheme, Head, Liabilities, Emerging Businesses; Njideka Nwabueze, Head, BETA propositions, Financial Inclusion; and Helen Nwelle, Head, Assets, Emerging Businesses, all of Diamond Bank Plc at a Dinner hosted by Diamond Bank Plc in Lagos recently.

Director, Strategic Partnerships, World Women’s Banking (WWB), Gul Lacson, in his remark, said, “Diamond Bank is a strong institution with visionary leadership and strong long-term commitment and Women’s World Banking also brings to the table competence garnered by global experience”.


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Tags: Diamond BankFinancial Sector Development for AfricaOn the MoneyUzoma Dozie
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NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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