Emerging stronger and collaborating to drive socio-economic growth, economic prosperity and financial inclusion in Africa
The COVID-19 pandemic followed by the Ukrainian-Russian war has triggered the deepest economic challenges of our time, exposing the weaknesses in the commodity supply lines that lead to disrupting economic activity, threatening job creation and economic prosperity. This has had a tremendous impact in the Sub-Saharan African (SSA) region, were Arise operates, and financial institutions in Africa along with the rest of the world continued to feel the long-term effects of the pandemic on their operations.
To ensure their sustainability, businesses had to rethink their business models, and in 2021 our partner banks successfully advanced their service offerings and enhanced their digitization initiatives and emerged stronger than before. In addition, they have also positively contributed to socio economic upliftment in their respective countries, through giving back to their communities and enhancing social upliftment.
Despite the challenging economic climate, Arise continued to deliver on its business mandate through remaining focused on its three strategic pillars, which are characterised by the ethos of Investment, Governance and Value Creation. To enable us to provide a significant impact and encapsulate the fast changing economic and business landscape, this year we have included a fourth pillar to the strategy, Collaborative Partnerships. These pillars will allow the organisation to move one step closer to its vision of contributing to the economic growth in Sub-Saharan Africa and the prosperity of its people, through increasing financial inclusion and employment, strengthening rural development and alleviating poverty.