IN a major step toward financial inclusion, Ecobank Côte d’Ivoire has launched West Africa’s first Gender Bond, a pioneering financial instrument designed to support women-owned and women-led businesses. The $16.5 million bond, named ‘Ellever Gender Bond 6.5% 2024-2029’, aims to address financing inequalities and boost inclusive economic growth by channelling capital …
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WOMEN entrepreneurs play a crucial role in Africa’s economic growth, yet they continue to face significant barriers to financing, markets, and business expansion opportunities. To bridge this gap, Ecobank has announced a major expansion of its Ellevate by Ecobank programme. Originally designed for women-led, women-owned, and women-focused businesses in commercial banking, Ellevate will …
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ECOBANK Nigeria has reaffirmed its commitment to financial inclusion and savings culture by awarding N42 million to its customers. Ms Adeola Ogunyemi, Head of Consumer Banking, Ecobank Nigeria, made this known at the grand finale of the bank’s Super Rewards ‘Millionaire Geng Promo’ on Friday in Lagos. She said that …
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Ecobank Nigeria has reaffirmed its dedication to the sustainable growth of Nigeria’s construction and design sector by empowering businesses, fostering economic development and strengthening partnerships across the industry value chain. Mrs Omoboye Odu, Head of SME, Partnerships and Collaboration, Ecobank Nigeria, disclosed this during a news conference on Monday in …
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NIUM, the global leader in real-time cross-border payments, has teamed up with Ecobank to offer faster, more efficient cross-border payments across 35 African countries. This partnership, set to serve over 32 million customers, promises to significantly enhance the payment experience for businesses and consumers in the region. The integration of Nium’s real-time …
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A United Arab Emirate based Company, Agrico Agbe has lodged extortion claims with the Central Bank of Nigeria against Ecobank Transnational Incorporated, a subsidiary of Ecobank specialized in recovery of funds. The letter claiming extortion by the UAE-based company dated 26th July, 2024 which was signed by Patience Onu titled: …
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TO promote trade and foster economic growth in Africa, the International Finance Corporation (IFC) announced Friday trade finance facilities totalling $140 million with seven Ecobank Transnational Incorporated (ETI) subsidiaries. These subsidiaries operate in Burkina Faso, Cameroon, Côte d’Ivoire, Ghana, Malawi, Mali, and Togo. The IFC’s $140 million trade finance guarantee …
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The Ecobank Group has recorded a 13 per cent growth in profit before tax, PBT, to $540 million in the financial year ended December 2022. According to the bank, the growth in PBT was supported by the benefits of its diversified business model. Within the period under review, the solid profit …
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