LEA, Absa Join Hands To Support SMMEs

The MoU is also a commitment to cooperate in the field of entrepreneurship and SMME development by the two entities. The duo said this will be achieved through provision of targeted entrepreneurial skills capacity building interventions that will enhance SMME sector competitiveness and sustainability.

The strategic collaboration will focus on the provision of business management training, coaching and mentorship programmes to benefit both Absa Bank and LEA clients. It will also play part in funding solutions for bankable SMME business plans as well as entrepreneurship awareness workshops to encourage enterprise development as an alternative to formal employment.