Data Protection Commissioner, Patricia Edusei-Poku (middle), flanked by Rita Tsegah and Roland Gyan from Ecobank Ghana’s Commissioner of Data Protection, Patricia Edusei-Poku has warned that companies which refuse to register with the Ghana Data Protection Commission risk losing their businesses licenses. She told Adom News the Commission has asked all license issuing organizations and regulators […]
Tag: ecobank
Kenya: Barclays Seeks to Sell Three Closed Branches at Sh65 Million
Barclays Bank of Kenya’s three closed branches are up for sale with the lender putting their value at Sh65 million. Information contained in the annual report for the period ended December 2018 shows that the closed branches — Bamburi, Maragua and Supplies — are now up for sale, resonating with the lender’s strategy of deepening […]
CBN pushes commercial banks into a tight corner with new lending policy
CBN chief Godwin Emefiele (Sun Newspaper Nigeria) CBN sets 60% minimum loan-to-deposit ratio (LDR) for banks in order to ramp up the Nigerian economy. The apex bank says failure to meet the above minimum LDR will face a cash reserve penalty. Analyst tells Business Insider SSA that CBN is correcting market anomalies to ensure economic […]
Ecobank, NIRSAL partner on N15bn agric funding
Dayo Adeola Ecobank Nigeria says it has entered into a strategic partnership with the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending to provide N15bn funding for agricultural investment schemes. A statement issued by the bank described the funding as the first tranche in its agricultural value chain financing, saying the partnership between both institutions was […]
Cameroon: Ecobank to invest additional XAF25 bln in a 3-year urgency plan
(Business in Cameroon) – Célestine Ketcha Courtès, Cameroon’s minister of urban development, presided the relaunch of the road works that fall within the framework of the 3-year urgency plan Planut. During the ceremony on June 26, 2019, in Yaoundé, the official indicated that president Paul Biya has renewed the Planut’s funding agreement with “financial partner” […]
IFC to exit Ecobank Group
The International Finance Corporation and the IFC Asset Management Company in advanced discussions to sell equity holding in Ecobank Transnational Incorporated. Ecobank Transnational Incorporated, (“ETI”), the Lomé-based parent company of the Ecobank Group, announces a material information relating to its ownership structure. The International Finance Corporation (“IFC”, a member of the World Bank Group), and […]
Ecobank Nigeria Enters Strategic Partnership with NIRSAL;Announces N70B Agriculture Financing Scheme
Ecobank Nigeria has entered into a strategic partnership with the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) with a N15 billion agricultural investment scheme being the first tranche in agricultural value chain financing. The partnership between both institutions is in line with the Central Bank of Nigeria (CBN)’s request that banks provide more funding […]
Ecobank Earmarks N70bn For Agric Funding
Ecobank Nigeria has concluded plans to invest at least N70 billion in agriculture financing within the next three years. The bank has also entered into a strategic partnership with the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) with a N15 billion agricultural investment scheme being the first tranche in agricultural value chain financing. According […]
IFC, subsidiary to sell stake in Ecobank
’Femi Asu The International Finance Corporation and the IFC Asset Management Company, a wholly-owned subsidiary of IFC, are in advanced discussions to sell equity holding in Ecobank Transnational Incorporated. ETI, the parent company of the Ecobank Group, said the IFC and investment funds managed by the AMC had entered into a Share Purchase Agreement with […]
Ecobank Holds Customer Forum on PROJECT FALCON
(From right) Ecobank Managing Director, George Mensah Asante; ECOWAS Ambassador to Liberia, Babatunde O. Ajisomo and Ecobank Head of Corporate Banking, Mr. Steve Howard Ecobank Liberia Limited recently organized a customer forum aimed at informing customers of the upcoming migration of its banking application, tagged “PROJECT FALCON” on July 1, 2019. The forum, held at […]