Browsing: EcoBank

Ecobank's new appointments
  • Ecobank’s new appointments have combined the commercial and the consumer businesses under the leadership of Anup Suri.
  • Martin Miruka joins Ecobank as the Group Executive for Transformation, Enablement, and Customer Experience.
  • Abena Osei-Poku was appointed as the Regional Executive for Anglophone West Africa.

Pan-African lender Ecobank has appointed key senior executives to bolster its leadership team and spearhead the implementing its new Growth, Transformation, and Returns (GTR) strategy.

Ecobank’s new appointments are crucial when the lender aims to solidify its position as a preferred bank and a pioneer in providing responsive, innovative, and cost-effective financial solutions across Africa.

The latest appointments have seen Abena Osei-Poku appointed as the Regional Executive for Anglophone West Africa and will also serve as the Managing Director of Ecobank Ghana.

With a wealth of experience in the financial sector, Osei-Poku brings strategic insights and leadership skills that will be instrumental in driving growth and fostering …

Top Companies Survey Awards 2022. pic1
  • The 2022 edition of the Top Companies Survey Awards was sponsored by the Financial Gazette and Old Mutual Zimbabwe
  • Delta Corporation has been crowned the company of the year
  • This year’s theme was ‘Innovating for Growth in a VUCA (Volatile, Uncertain, Complex, and Ambiguous) Environment’

The Top Companies Survey is an annual event held to honour top-performing companies on the Zimbabwe Stock Exchange (ZSE) and the best performers in the insurance and banking sectors.

According to an article by StartupBiz dated July 26, 2022, the vision behind this initiative is best summarized by what Old Mutual once said: “Since the launch of the Top Company Survey, the survey has proved invaluable in promoting transparency, good corporate governance, ethical conduct, and corporate social responsibility as well as providing a platform for networking among corporate leaders and other guests”.

The 2022 edition of the Top Companies Survey Awards was sponsored by the …

New Renault cars in a showroom. Autochek Africa will enable customers to buy new vehicles on loan.

So far, the platform has on-boarded a network of financing partners and over 30 vehicle brands from OEMs, including key regional players like Inchape (LandRover) and CMC (Ford and Eicher Trucks) in East Africa and Dana (Kia), Coscharis (BMW, Landrover), Globe (Mercedes Benz) , Elizade (Toyota) in West Africa.
Autochek is also working closely with indigenous manufacturers such as Innosson Motors and Nord Motors.
As part of the investment by Mobility54, Autochek has also partnered with CFAO (Toyota, Suzuki, Mitsubishi) across Africa to facilitate auto financing for all CFAO brands. …

The Cottage Hospital in Nanyuki. It is now served by off-grid power by Econet’s DPA.

The solution, currently under deployment by DPA is tailored to the hospital’s energy needs and designed to increase efficiencies.  It will be grid-tied with photovoltaic (PV) of 80 kWp capacity and mounted on the rooftop.

This will see the facility save 30-40 per cent of their monthly electricity cost of approximately KES 550,000- this is through the use of solar power and reduced maintenance costs of all major hospital equipment affected by erratic power fluctuation.

The hospital sector, in operation 24 hours a day, 365 days a year, is one of the areas with high energy consumption and NCH joins a growing list of companies, universities, factories and hospitals in Kenya that have turned to solar PV grid-tied systems to supply power for self-consumption.…

A virtual betting shop. As of 2017, Kenya topped Sub-Saharan Africa as having the highest number of betting youth Kenya and it plans to lock out foreigners in the gambling industry

This comes at a time when Africa’s underinvested youth are in need of urgent attention and youth entrepreneurship investment banks must become the focus of global support, according to the African Development Bank head Dr Akinwumi A. Adesina.
Speaking during a discussion on scaling up financing for the continent’s youth, Adesina presented a novel concept for youth entrepreneurship investment banks. The roundtable, organized by the African Development Bank, came a day ahead of the Summit on Financing African Economies convened by President Emmanuel Macron.…

Ecobank named most Innovative Bank in Africa

Global finance named Ecobank as the most innovative bank in Africa during the eighth Global Finance annual awards, the Innovators 2020.

The awards honour banks and financial institutions that identify new paths and design tools in finance.

The classes of award comprised of Most Innovative Banks in Africa, Central & Eastern Europe,  Asia-Pacific, Latin America, Middle East, North America and Western Europe.

At the virtual awards announcements, the European Editor at Global Finance and Lead, Global Finance Awards evaluation team, Anita Hawser noted that the companies that were recognized at the innovate awards stood apart and that the innovations looked in the context of product or process innovation. She said that the review panel was ultimately concerned with the effect of innovation in terms of addressing a specific need or creating value for customers such as speeding up credit review or lending process for small businesses, enabling companies to remotely …

African Development Bank Launches AFAWA Risk Sharing Facility

The African Development Bank and partners officially launched Affirmative Finance Action for Women in Africa (AFAWA) Risk Sharing Facility earlier this week at a press conference held during the 2019 Global Gender Summit in Kigali, Rwanda.

The bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme started with significant support from commercial banks and a $1 million commitment from the government of Rwanda.

AFAWA is one of the Bank’s gender-focused programmes which seeks to close the financial gap for women by accelerating growth and employment creation across African economies.

“Today is a great day! With this facility, women will be able to receive technical assistance. We shall strengthen our capacity and we shall get there. ( The decision that we are taking today is highly transformational. It will permanently transform Africa.” said Akinwumi Adesina, President of the African Development Bank.

The press conference was attended by several …

Airtel Africa partners with Ecobank Group

Airtel Africa and Ecobank Transnational Incorporated (ETI) signed a partnership which will benefit Airtel Money and Ecobank customers.

Airtel Money and Ecobank customers will have access to mobile financial services and carry out a variety of mobile transactions.

The partnership is subject to regulatory approval in each market. Through the partnership, Airtel Money customers, through Ecobank’s digital financial services ecosystem will be able to make online deposits and withdrawals, make in-store merchant payments, effect real-time domestic and international money transfers and access loans and savings products.

Ecobank will be able to sponsor Airtel in issuing both virtual and physical debit cards as well as prepaid cards to customers.

In a statement, Ecobank said the partnership will give corporate account holders a go through when making bulk disbursements, such as payroll payments, directly into Airtel Money customer wallets. Through Ecobank, Airtel Money will now issue both virtual and physical debit and …