Ecobank Group names new CEO to replace retiring Ade Ayeyemi

Banking

Tuesday, 13 September 2022 16:05

Ecobank Group names new CEO to replace retiring Ade Ayeyemi

(Togo First) - Jeremy Awori is soon to become the new CEO of Ecobank Transnational Incorporated (ETI), the Lomé-based pan-African banking group.

The Kenyan was picked to replace Nigerian Ade Ayeyemi, according to a statement issued on September 12, 2022. Ayeyemi is retiring after heading the group for 7 years.

Awori has a 25-year career in banking, out of which he spent almost10 years as Managing Director of Absa Bank Kenya Plc (formerly Barclays Bank of Kenya, BBK).

Born in Kenya in the early 1970s to an engineer father and a lawyer mother (of British origin), the 50-year-old initially worked as a pharmacist in the UK. He later went to Canada where he obtained an MBA at McGill University. Afterward, he worked for the Standard Chartered Bank of Canada.

At the age of 28, he was appointed Head of Retail Banking, Standard Chartered Bank Kenya. In 2013, he left Standard Chartered and moved to Barclays Bank, where he served as CEO of Barclays Bank Kenya (BBK). In 2020, BBK was listed on the Nairobi Stock Exchange and was renamed Absa Bank Kenya, with Jeremy Awori at its helm.

"He brings to the Ecobank Group a wealth of experience, skills, and know-how in the banking sector," ETI said in its public announcement.

Written by: Ayi Renaud Dossavi

Translated from French by Schadrac Akinocho

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

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REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

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