Source: Ecobank |

Arise B.V. makes US$75 million perpetual non-cumulative AT1 capital investment in Ecobank Transnational Incorporated

The investment by Arise demonstrates the support, commitment and capacity of Ecobank’s international shareholder base

Ecobank Transnational Incorporated (“ETI”), the Lomé based parent company of the Ecobank Group (www.Ecobank.com), is pleased to announce a US$75 million Additional Tier 1 ("AT1") investment by Arise B.V. ("Arise"). This Basel III compliant instrument is the first AT1 instrument issued by ETI and a landmark transaction in the sub-Saharan…

Source: Ecobank |

Over 200 graduates emerge from the Ecobank Group and AUDA-NEPAD MSME Training for Financing program

The Graduates came from the eight (8) countries in the pilot phase of the MSME Academy namely, Chad, Côte d’Ivoire, Ghana, Kenya, Niger, Nigeria, Rwanda and Togo

The leading pan-African banking group, Ecobank Group (www.Ecobank.com), and the African Union Development Agency New Partnership for Africa’s Development (AUDA-NEPAD), held a virtual graduation ceremony for more than 200 alumni of the inaugural Ecobank’s MSME Training for Financing Program. The Graduates came from the eight (8) countries in the pilot…

Source: Ecobank |

Ecobank Group and Microsoft Upskill Africa’s Small and Medium Enterprises to Succeed in a Digital Economy

The Global Skilling Initiative is just another example of how Ecobank wants to help SMEs reach their full potential and play a vital role in driving Africa’s economic resurgence

The leading pan-African banking group, Ecobank Group (www.Ecobank.com), in partnership with Microsoft, LinkedIn, GitHub and Ecobank Academy is set to provide training to equip Small and Medium-sized Enterprises (SMEs) across sub-Saharan Africa. This training will provide SMEs digital skills and knowledge to succeed in today’s digital world. SMEs have been…

Source: Ecobank |

CDC Group announces US$50m trade finance facility with Ecobank as part of its Covid-19 response

This CDC facility will support the continent’s economic recovery and is expected to generate between US$70 - $140 million in additional trade annually

Provides systemic liquidity and supports vital supply chains across Africa’s markets; Sustains and increases access to goods and services during the pandemic; Bolsters economic opportunities and inclusive growth, in markets such as Togo, Burkina Faso and Chad. CDC Group, the UK’s Development Finance Institution and impact investor, has announced a…

Ecobank
Source: Ecobank |

Ecobank Group named 2021 African SME Bank of the Year

The African SME Bank of the Year award 2021 recognises the bank which has significantly contributed to the development of the SME sector

The Pan-African banking group, the Ecobank Group (www.Ecobank.com), is the African Banker’s 2021 African SME Bank of the Year. Ecobank beat a host of other banks in the African Banker Awards 2021 to take home the SME Award in a 2020 tumultuous year characterised by the Covid-19 pandemic which continues…

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Source: Ecobank |

AUDA-NEPAD and Ecobank Group partnership moves to finance phase under the 100,000 MSMEs Initiative

$2.0 million USD to be extended to qualifying MSMEs

The African Union Development Agency NEPAD (AUDA-NEPAD) (https://bit.ly/3w9P1aI) and the Ecobank Group (www.Ecobank.com) its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to launch the financing component as from 27 May 2021. AUDA-NEPAD launched the 100,000 MSMEs Programme to accelerate African economic…

Ecobank
Source: Ecobank |

Ecobank Group Empowers Women Businesses through Ellevate, its new women-focused programme

A healthy collaboration between Government and Private sector is critical for the creation of a conducive environment in which women can thrive and succeed

The Ecobank Group (www.Ecobank.com/ellevate) launches ‘Ellevate’, a programme for women-owned and women-focused businesses across 33 markets. This programme is designed to help women reach their full potential by empowering, growing and supporting them with customized financial and value-added solutions. Women constitute roughly half of the population in Africa. SMEs account…

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Source: Ecobank |

Ecobank Transnational Incorporated holds its 32nd Annual General Meeting (AGM) and Shareholders approve resolutions

Shareholders were pleased with ETI’s progress in 2019 and approved all the resolutions at the AGM, which included the election of two new directors

Ecobank Transnational Incorporated (“ETI”), the parent of the Ecobank Group (http://www.Ecobank.com), the leading pan-African bank with banking operations in 33 countries, concluded its 32nd Annual General Meeting (AGM) & Extraordinary General Meeting in Lagos, Nigeria, today. For the first time in the history of ETI and in line with preventive…

Source: Ecobank |

AUDA-NEPAD and Ecobank Group announce the pillars of the AUDA-NEPAD “100,000 MSMEs by 2021” programme for Africa’s Micro Small and Medium Enterprises

The AUDA-NEPAD programme will pool African resources, capabilities, financing, market access and technology, to help achieve a continental response to MSMEs

AUDA-NEPAD (the African Union Development Agency) (https://www.NEPAD.org/) and Ecobank Group (http://www.Ecobank.com/) are committing resources to Africa’s Micro Small and Medium Enterprises (MSMEs). The second virtual workshop facilitated by McKinsey on June 11, 2020 provided an opportunity to reaffirm the importance of sustaining market access and strengthening capabilities for MSMEs. During…

Source: Ecobank |

The African Union Development Agency (AUDA-NEPAD) and Ecobank Group announce the key focus areas of their joint initiative to support Africa’s Micro Small and Medium Enterprises

Micro Small and Medium Enterprises (MSMEs) are critical to the African economy as they account for almost 85% of all private sector employment

AUDA-NEPAD (the African Union Development Agency) (www.NEPAD.org) and Ecobank Group (www.Ecobank.com) kick-start their collaboration to strengthen Africa’s response to Micro Small and Medium Enterprises (MSMEs). High level representatives from the African Union Commission, regional development banks, development financial institutions, international organisations and commercial banks from the continent came together to…