CDC Group has announced a $50m trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group. This marks CDC’s first partnership with EBISA with the commitment aimed at providing systemic liquidity to underserved markets and crucial trade finance support to local banks and businesses across Africa. Admir Imami, Director, […]
The banking sector is presently witnessing an increase in the number of female managing directors/chief executive officers. Over the years, these remarkable women climbed the career ladder to get to the top after starting at the bottom. With dint of hard work, consistency, dedication and ambition, they successfully changed the narrative, breaking the proverbial glass […]
Ecobank and its MD, Akinwuntan * Celebrates Nigerians in the Diaspora; In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate Nigerians in the diaspora by making transactions on its proprietary money transfer app, Rapidtransfer, free of charge. The Federal Government has set aside July […]
Deposits remained the main source of funding for the industry Ecobank Ghana and GCB Bank controlled about 23.9% of the banking industry market share in terms of deposits in 2020. The year-on-year growth of deposits went up by 25.1% in 2020 recording GH¢104 billion. GH¢149.3bn total assets Total assets of the banking sector stood at […]
Ecobank, one of Nigeria’s leading banks, has confirmed that it will temporarily suspend fees on its online money transfer app Rapidtransfer in order to celebrate the country’s National Diaspora Day. Customers will be able to receive cash from abroad with no Rapidtransfer fee and will be able to either take it out in cash or […]
A jumbo road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road fatalities, ease mobility and spur trade within Ghana as well as with its neighbors. Ghana’s President Nana Akufo-Addo commissioned the Pokuase Interchange – an array of swirling highways […]
The Covid-19 crisis has had a significant adverse effect on trade flows, business operations and jobs in Africa’s markets. Image Credit: Wikimedia CDC Group, the UK’s Development Finance Institution and impact investor, has announced a US$50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group. This marks […]
Ecobank Nigeria said it plans to empower 40 million women-owned and women-managed businesses in the country through its recently launched gender-based proposition, Ellevate. Managing director and chief executive of the bank, Mr Patrick Akinwuntan, speaking on Ellevate, said the gender-based proposition for women-owned businesses is targeted at reducing gender inequality in entrepreneurship and aids equal […]
Ecobank Nigeria has launched “Ellevate”, a gender-based proposition for women-owned businesses to reduce gender inequality in entrepreneurship and aid equal representation for women in the formal business sector. The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ellevate product introduced to the nation’s financial landscape on Wednesday, is targeted at empowering at least 40 million […]
The Central Bank of Nigeria is providing N60bn for one million electricity meters that are meant for free distribution to unmetered power users across the country, the Federal Government has said. It disclosed this in a document on some of the achievements of the President, Muhammadu Buhari in six years. In the document, which was […]
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