Ecobank Transnational Incorporated ( ETI) (https://www.Ecobank.com/) is delighted to announce that it has become an official Signatory to the UN Principles for Responsible Banking: a single framework for a sustainable banking industry developed through an innovative partnership between banks worldwide and United Nations Environment Programme’s Finance Initiative. The six Principles for Responsible Banking align the […]
Tag: ecobank
ICC regional offices in Africa prepare business for Incoterms® 2020
Since the release of Incoterms® 2020, ICC regional offices across Africa have convened local business leaders for a series of launch events and training sessions. ICC regional offices around the world are organising a series of launch events and training sessions to inform business communities about the latest edition of the Incoterms® rules. Already, ICC […]
Nigerian banks stepping up efforts to plug gender gap
Nigeria plans to use a $3 billion loan it’s negotiating with the World Bank to tackle mounting debt in the power sector. Bloomberg When Bolanle Austen-Peters sought a loan for a cultural centre in Lagos, she was told there was no business case. Then she found an art-loving banker to back her. Now she is […]
Government gets tough on non-tax revenue collection
Giving that the outturn of non-tax revenue for 2018 and first half of 2019 has been below target, government has initiated a policy measure to address revenue leakages due to fraudulent receipting and handling of cash. This is the expansion of the use of banks for collection of non-tax public revenues. In the first half […]
ZRP probes banks
THE Reserve Bank of Zimbabwe (RBZ) says a matter involving two banks alleged to have allowed their depositors to make withdrawals above the stipulated limit is now a police case. RBZ governor John Mangudya told ZTN that the banks were co-operating and assisting Zimbabwe Republic Police (ZRP) in investigations and tracing the money. The apex […]
Mthuli hails RBZ swift action on CBZ, Ecobank
Africa Moyo Deputy News Editor Finance and Economic Development Minister Professor Mthuli Ncube has praised the Reserve Bank of Zimbabwe (RBZ) for swiftly acting against two banks alleged to have allowed their depositors to make withdrawals above the stipulated limit. CBZ Bank and Ecobank are in the eye of a storm after two of their […]
Jacqueline Mpare appointed as the new Head, Agency Banking for Ecobank Group
Ecobank Group has appointment Jacqueline Mpare as the Head, Agency Banking for the company. According to the Group, Jacqueline Mpare’s appointment takes effect on December 1, 2019, and she is expected to report to the Group Head, Agency Banking and Remittances Distribution. She is expected to lead the development of Agency Networking across the Ecobank […]
Authorities ‘clear’ Ecobank of wrongdoing in issuing client $15K
Mthabisi Tshuma, Chronicle Correspondent ECOBANK Zimbabwe has said authorities have cleared it of any wrongdoing for issuing $15 000 to a client but investigations are now centred on establishing if the money was used for its intended purpose. The bank said the Financial Intelligence Unit (FIU) of the Reserve Bank of Zimbabwe conducted investigations into […]
‘EcobankPay’ Apps Launched
Ecobank Managing Director, Mensah-Asante poses with staff shortly after the launch of the new app. The management and staff at Ecobank Liberia have launched another new application known as the ‘EcobankPay’ at the Roberts International Airport (RIA) in Harbel, Margibi County. EcobankPay is a special merchant QR Code product of the Pan African Bank, enables […]
Ecobank in trouble over cash baron
Ecobank has been officially fingered for corruptly issuing out of ZW$15, 000 to a customer seen with sealed $2 and $5 dollar banknotes in a picture circulating on social media. Barely two days after the Reserve Bank of Zimbabwe (RBZ) injected the first $30 million batch of new bank notes in banks, they were already […]