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Banking
Tuesday 12 December, 2023
Banking
Ecobank secures $200M loan from European consortium, its first sustainable development loan
Lomé-based Ecobank Transnational Incorporated (ETI) secured last week a $200 million loan for sustainable development. The Pan African group signed the…
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Thursday 7 December, 2023
Banking
Togo: Ecobank scoops Bank of the Year award for the fourth consecutive year
Ecobank is, again, the Bank of the Year in Togo. The lender won the title for the fourth consecutive year,…
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Friday 17 November, 2023
Banking
AFIS Summit: Ecobank Group and African Guarantee Fund seal $200M risk-sharing deal
The African Guarantee Fund (AGF) will provide Lomé-based Ecobank with additional support to better finance African SMEs. The two recently…
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Monday 23 October, 2023
Banking
BOA Togo Claims 65,000 Accounts Opened in 10 years
In the past 10 years, BOA Togo has had over 65,000 accounts opened. The milestone was disclosed by Youssef Ibrahimi,…
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Friday 6 October, 2023
Banking
Togo: Ecobank and Sephis Foundation open CFA1billion credit line for businesswomen
Ecobank Togo just opened, through the Sephis Foundation, a CFA1 billion credit line for Togolese businesswomen. The investment aims to…
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Tuesday 18 July, 2023
Banking
WAEMU: Togo Records Highest Annual Growth in Bank Credit Supply in 2022
Of all WAEMU countries, Togo was the one that recorded the highest growth for bank credit supply–the amount of credit…
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Thursday 13 July, 2023
Banking
Factoring and Leasing Continue Meteoric Rise in Togo
Factoring financing almost tripled in Togo between March 2022 and March 2023, from CFA7 billion to CFA19 billion. The figure…
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Wednesday 5 July, 2023
Banking
WAEMU: BOAD and Italian Financial Institution Sign Funding Agreement to Boost Private Sector
Cassa Depositi E Prestiti (CDP) will open a €60 million credit to support Africa’s private sector. The Italian public financial institution…
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Thursday 22 June, 2023
Banking
Ecobank Partners with Pan-African Payment and Settlement System to Facilitate Cross-Border Payments
The Lomé-based banking group Ecobank will rely on the network of the Pan-African Payment and Settlement System (PAPSS) to facilitate…
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Thursday 15 June, 2023
Banking
Togo: Banks’ Net Foreign Assets Up by 32% in 2022, YoY
Banks in Togo had their net foreign assets standing at 1,487.8 billion FCFA in 2022. According to the BCEAO, WAEMU’s…
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Tuesday 30 May, 2023
Banking
EBID president commits to continued support of key sectors in ECOWAS, during ECOWAS Week
Last week, The ECOWAS Bank for Investment and Development (EBID) celebrated ECOWAS Week. The event, which closed on May 26,…
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Wednesday 24 May, 2023
Banking
Microfinance: CECAP posts net profit of CFA68.2 million in 2022
The Public Administration Savings and Credit Cooperative (CECAP) in Togo announced positive annual results at its ordinary general assembly, held…
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