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By Jeremy Awori Across Africa, there is growing momentum in support of intra-African trade, as work to unlock the potential of small and medium-sized enterprises (SMEs) as key drivers of the continent’s economic transformation gains traction accross Africa, there is growing momentum in support of intra-African trade, as work to unlock the potential of small and medium-sized enterprises (SMEs) as key drivers of the continent’s economic transformation gains traction. The African Continental Free Trade Area (AfCFTA) is poised to become the world’s largest single market by population, and with SMEs already accounting for more than 80% of employment in Africa,…
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In a landmark financial transaction that underscores the growing role of syndicated financing in Africa, Ecobank, the Development Bank of Southern Africa (DBSA), and FirstRand Bank Limited, acting through its…
Ecobank Group, the leading pan-African banking Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate the settlement of cross-border transactions of the Group, including the transactions of all their subsidiaries, through PAPSS. The MoU was signed on Monday, 19 June 2023 during the opening ceremony of the 30th Afreximbank Annual Meeting (AAM) held in Accra, Ghana. The opening was honoured by the presence of H.E. Nana Akufo Addo, President of the Republic of Ghana and other African Heads of State, Professor Benedict Oramah, President of Afreximbank, H.E. Wamkele Mene, Secretary…
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Dear Shareholders. I have the honour of writing this first letter to Shareholders in my capacity as Chief Executive Officer of Ecobank Transnational Incorporated, a position I have occupied since 1 March 2023. Over the years, Ecobank Group has consistently delivered value for Africa, Africans and friends of Africa. I am excited about the opportunities to deliver even greater value and continue to play our part in providing world-class financial services and contributing to the economic integration of the continent. Despite the challenging global macroeconomic environment, including the volatility affecting the banking sector, I am conscious of the significant opportunities…
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