Source: Ecobank |

Ecobank Transnational Incorporated responds to Wrongful Allegations in some Media Publications

We want to use this medium to allay the fears of any of our shareholders, creditors, and other stakeholders resulting from the unfounded allegation contained in the said publications

The attention of the ETI Group has been drawn to recent publications in some online media alleging overstatement of ETI’s balance sheet and income statements emanating from incorrect exchange rates in translating the financial statements of our affiliate entities, especially Nigeria. We want to use this medium to allay the…

Ecobank
Source: Ecobank |

Resilient East African economies to enjoy sustained economic growth

East Africa’s tech hubs spur the next generation of disruptors

Growth in GDP and rising export revenues provide sound foundations East Africa’s tech hubs spur the next generation of disruptors Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC (https://Ecobank.com/AfricaFICC). Ethiopia, Kenya, Tanzania…

Ecobank
Source: Ecobank |

Anglophone West Africa’s brightening economic prospects

Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong

The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s (www.Ecobank.com) research team in the newly published Anglophone West Africa section of its flagship financial website, AfricaFICC (https://goo.gl/CduKLQ). Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong,…

Source: Ecobank |

Africa’s facts at your fingertips! Ecobank’s African markets website goes live, profiling Francophone West Africa as the leader in intra-regional trade

The website provides key facts for businesses and investors on the economies of Sub-Saharan Africa and the key sectors of activity

Francophone West Africa leads in intra-regional trade with trade hotspots around Dakar, Abidjan, Cotonou and Lomé, according to analysis by Ecobank’s (www.Ecobank.com) research team in its new website, AfricaFICC. The team has updated Ecobank’s flagship Africa Fixed Income, Currency and Commodities Guidebook (FICC) and made it available as an online…

Source: Ecobank |

Ecobank – A leader in delivering a cashless Africa

Overall fintech in Africa will grow from around US$ 200 million currently to US$ 3 billion by 2020

Millions more people in Africa now have access to financial systems thanks to cashless systems using digital technology, and more and more people are seeing the benefits of mobile banking, according to Ecobank (www.Ecobank.com), the leading independent pan-African banking group. Ecobank is the main sponsor at the Africa Tech summit…

Source: Ecobank |

FMO arranges USD 200 million syndicated loan facility for Ecobank Transnational Incorporated

ETI will use the facility to provide funding to a number of subsidiaries across its network of 36 African countries

Ecobank Transnational Incorporated (www.Ecobank.com), the Togo-based holding company of the pan-African Ecobank Group, today announced the closing of a USD 200 million 5- 7 year syndicated debt facility with FMO, the Dutch development bank. It is the second syndicated loan facility for the Ecobank Group arranged by FMO in recent…

Source: Ecobank |

Ecobank Group Research reveals three key emerging trends for Africa

Digital innovation in Sub-Saharan Africa is being driven by the explosion in mobile phone usage, enabling African consumers to leapfrog existing business models and technologies

Rebounding economy after a trying year Gas is West Africa’s new oil Africa’s evolving role in FinTech leadership The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for investors and businesses, was launched today at AfricaFICC. Indicating…

Ecobank
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Source: Ecobank |

Femi Asu wins Ecobank Economic & Business Award at CNN MultiChoice African Journalist Awards 2015

Femi Asu of Nigeria’s Punch Newspaper is the winner of the Ecobank Economics & Business Award at the 2015 CNN MultiChoice African Journalist Awards (https://africa.cnnjournalistaward.com/en/home/). Ecobank Group Head of Corporate Communications Richard Uku (http://www.ecobank.com) presented the award to Mr Asu at a gala ceremony marking the 20th anniversary of the…