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MTN Business awards GH¢160,000 to SMEs in pitch contest

From Ghanaian Times · () English

Summarized and contextualized by DistantNews.

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  • MTN Business awarded GH¢160,000 to 10 small and medium-sized enterprises (SMEs) in its MSME Day Business Pitch Competition.
  • The competition, part of the SME Accelerate Programme, aimed to empower Ghanaian entrepreneurs and foster economic development.
  • Top winners received GH¢30,000 each, along with business support and training, to enhance their operational efficiency and growth.

MTN Business has injected GH¢160,000 into Ghana's entrepreneurial landscape through its MSME Day Business Pitch Competition. The initiative, a cornerstone of the SME Accelerate Programme, saw 10 promising Ghanaian businesses vie for top honors, showcasing their potential to innovate, create jobs, and boost the national economy.

The competition culminated in significant awards for the top five finalists: Tahir Field Recycling, Edible Treats, Dyluri Beauty, Manehlla Foods, and Tropical Snacks. Each of these businesses received a substantial GH¢30,000 cash prize, totaling GH¢150,000. Beyond the financial boost, these winners were equipped with essential tools like Business Eye and MiFi to streamline their operations and drive growth. Furthermore, the top three among them will benefit from the MTN Business Mini MBA Programme, a partnership with Nova Business School designed to hone their management skills for a competitive market.

SMEs are the backbone of Ghana’s economy, contributing significantly to job creation, innovation and economic growth. At MTN, we understand both the opportunities and challenges that come with building and growing a business.

— Mohamed Abubakar SiddiqSpeaking at the event, the Senior Manager for SME Sales, Partnerships and Business Broadband at MTN Ghana highlighted the critical role of SMEs and MTN's commitment to their growth.

The remaining five finalists also received support, with GH¢2,000 each and various MTN products and digital tools to aid their transformation journeys. Mohamed Abubakar Siddiq, Senior Manager for SME Sales, Partnerships and Business Broadband at MTN Ghana, emphasized the company's dedication to SMEs, calling them the "backbone of Ghana’s economy." He highlighted that MTN's initiatives aim to provide entrepreneurs with the necessary funding, digital solutions, and business acumen to build resilient and sustainable enterprises.

Through initiatives such as the Business Pitch Competition and the SME Accelerate Programme, we are providing entrepreneurs with the funding, digital solutions and business knowledge they need to grow resilient and sustainable e

— Mohamed Abubakar SiddiqThe Senior Manager elaborated on how MTN's programs support entrepreneurs in overcoming business challenges.
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Originally published by Ghanaian Times. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.