Ecobank grants US$1.6M to WIC Capital to back female entrepreneurs in Senegal

SENEGAL – Ecobank, a pan-African banking conglomerate has signed a one billion CFA franc (US$1.6 million) collaboration contract with “Women’s Investment Club” (WIC) Senegal to support female entrepreneurship in Senegal. The financial partnership is a core component of the “Ellever” program, which aims to support women’s activities that encourage financial independence by making it easier for them to use modern…

Read More

Ecobank launches program to enable women-owned business access specialty tools

UGANDA – Ecobank, a leading pan-African bank, has announced the launch of a revamped Ellevate program focused on giving women-owned businesses; businesses with a high percentage of female employees or board members or businesses making products for women, access to a variety of specialty tools and resources needed to thrive and prosper. The Ellevate Programme is a membership offering that…

Read More

Ecobank partners five insurance companies to support its SMEs customers

TOGO – Ecobank Group’s Commercial Banking business has partnered with five insurance companies to offer a range of Bancassurance solutions to its Small and Medium-sized Enterprise (SME) customers across markets where Ecobank operates. OLD MUTUAL, ALLIANZ, SUNU, SANLAM & NSIA will offer Commercial Asset Insurance, Engineering insurance, Marine & Cargo insurance, Key Man insurance, Motor fleet Business Travel insurance, in…

Read More

Ecobank, consortium partner to provide SMEs with digital skills and knowledge

AFRICA – Ecobank Group, a pan-African banking group, 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 significantly impacted by the COVID19 pandemic with its attendant lockdowns…

Read More

Fintech company Semoa, Ecobank to enable mobile money users carry out banking faster and easier

TOGO – Fintech company Semoa has partnered The Ecobank Group to enable mobile money users in Togo to carry out banking faster and easier, across West African Economic and Monetary Union (WAEMU) through a new digital banking service via Whatsapp called “Express cash by Semoa”. The Ecobank Group, whose network covers 35 countries across Africa, is the first bank to…

Read More

Ecobank Transnational successfully raises US$350m Tier 2 Sustainability Notes

TOGO – Ecobank Transnational Incorporated, the Lomé based parent company of the Ecobank Group, has successfully raised US$350 million Tier 2 Sustainability Notes, representing the first ever Tier 2 Sustainability Notes by a financial institution in Sub-Saharan Africa. This Tier 2 issuance is the first to have a Basel III-compliant 10NC5 structure outside of South Africa in 144A/RegS format and…

Read More

AUDA-NEPAD and Ecobank Group partnership to launch financing component under the 100,000 MSMEs Initiative

AFRICA – The African Union Development Agency NEPAD (AUDA-NEPAD)) and the Ecobank Group, 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 transformation, provide the needed skills, and build resilience against the economic…

Read More

Akin Dada appointed as Group Executive, Corporate and Investment Bank for Ecobank

AFRICA – Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group has announced the appointment of Akin Dada as the Group Executive, Corporate and Investment Bank. He joined Ecobank in 2017 as the Executive Director for Corporate Bank in Nigeria, and prior to his new appointment was Group Head, Corporate Banking for the Ecobank Group. Akin has over 30…

Read More

Ecobank appoints Tomisin Fashina as Group Executive for Operations & Technology

AFRICA – Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has announced the appointment of Tomisin Fashina as its new Group Executive for Operations & Technology, a position he will now hold in addition to his existing role of Managing Director of eProcess International. Dr. Fashina succeeds Eddy Ogbogu as Group Executive, Operations & Technology, following Eddy’s recent…

Read More

Ecobank Nigeria issues US$300m bond with a tenor of five years

NIGERIA – Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully priced its US$300 million bond issuance maturing in February 2026, with settlement of the bond to take place on February 16, 2021. The fixed-rate, US dollar-denominated bond, with a tenor of five years, carries a coupon rate of 7.125%…

Read More