Banking

Wednesday 5 July, 2023
WAEMU: BOAD and Italian Financial Institution Sign Funding Agreement to Boost Private Sector
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…
Thursday 22 June, 2023
Ecobank Partners with Pan-African Payment and Settlement System to Facilitate Cross-Border Payments
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…
Thursday 15 June, 2023
Togo: Banks’ Net Foreign Assets Up by 32% in 2022, YoY
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…
Tuesday 30 May, 2023
EBID president commits to continued support of key sectors in ECOWAS, during ECOWAS Week
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,…
Wednesday 24 May, 2023
Microfinance: CECAP posts net profit of CFA68.2 million in 2022
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…
Monday 22 May, 2023
Faure Gnassingbé distinguishes Ade Ayeyemi, former CEO of Ecobank Group
Banking

Faure Gnassingbé distinguishes Ade Ayeyemi, former CEO of Ecobank Group

The recently-retired CEO of Ecobank Transnational Incorporated (ETI), Ade Ayeyemi, was made Commander of the Order of Mono on May…
Friday 19 May, 2023
Ecobank shareholders approve dividend payout and plan to raise $500mln
Banking

Ecobank shareholders approve dividend payout and plan to raise $500mln

Shareholders of Ecobank Transnational Incorporated (ETI) approved a dividend payout of $28 million, equivalent to 0.11 cents per share. This decision…
Friday 28 April, 2023
EBID: George Agyekum Nana Donkor reappointed as President
Banking

EBID: George Agyekum Nana Donkor reappointed as President

Ghanaian George Agyekum Nana Donkor has been reappointed as the President of the ECOWAS Bank for Investment and Development (EBID)…
Thursday 2 February, 2023
Togo: Société Générale opens up to MSMEs in a bid to expand its footprint
Banking

Togo: Société Générale opens up to MSMEs in a bid to expand its footprint

In addition to large companies, financial institutions, and NGOs, Société Générale Togo now does business with MSMEs. The lender announced…
Friday 23 December, 2022
Coris Bank opens a new branch in Togo
Banking

Coris Bank opens a new branch in Togo

Coris Bank Togo (CBI-Togo) opened a new branch in Agoè Sogbossito (northwest of Lomé) yesterday, December 22.   According to Alassane…
Friday 16 September, 2022
BOA Togo’s turnover falls for the first time since it launched in the country
Banking

BOA Togo’s turnover falls for the first time since it launched in the country

BOA Togo, the local subsidiary of the Bank of Africa Group, recorded, in 2021, its biggest net profit since it…
Tuesday 13 September, 2022
Ecobank Group names new CEO to replace retiring Ade Ayeyemi
Banking

Ecobank Group names new CEO to replace retiring Ade Ayeyemi

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