Banking

Monday 22 February, 2021
CRRH-UEMOA, WAEMU’s best-rated institution by Moody's, after BOAD and AfDB
Banking

CRRH-UEMOA, WAEMU’s best-rated institution by Moody's, after BOAD and AfDB

The Caisse Regionale de Refinancement Hypothecaire (CRRH-UEMOA), based in Lome, becomes the third best-rated financial institution by Moody's in the…
Tuesday 9 February, 2021
Togo: Microfinance institutions slow down on lending as overdue loans spike amid Covid-19 pandemic
Banking

Togo: Microfinance institutions slow down on lending as overdue loans spike amid Covid-19 pandemic

Amid the Covid-19 pandemic, microfinance institutions active in Togo considerably lowered loans to the public in the nine first months…
Wednesday 13 January, 2021
Microfinance: WAEMU releases situational analysis for H1 2020
Banking

Microfinance: WAEMU releases situational analysis for H1 2020

In Togo, outstanding loans granted by microfinance institutions in H1 2020 grew by 5.3%. This was revealed in the BCEAO’s latest…
Wednesday 30 December, 2020
Minister of finance urges banks to reduce their interest rates
Banking

Minister of finance urges banks to reduce their interest rates

Interest rates of banks operating in Togo are extremely high, in contrast with easing measures introduced this year to support…
Monday 21 December, 2020
Cofina and BOAD team up to back SMEs with environmental and social impact
Banking

Cofina and BOAD team up to back SMEs with environmental and social impact

Cofina Group, the African financial institution based in Côte d'Ivoire, partnered with the West African Development Bank (BOAD) to support…
Wednesday 16 December, 2020
Orabank Togo and Togocom to jointly launch a new mobile banking product
Banking

Orabank Togo and Togocom to jointly launch a new mobile banking product

Orabank Togo and Togocom will launch Mbanking, a service that allows its users to transfer money between the bank and…
Tuesday 1 December, 2020
Ecobank Group to launch a financing program for female entrepreneurs in Africa
Banking

Ecobank Group to launch a financing program for female entrepreneurs in Africa

Ecobank announced it will launch a program to finance and support female African entrepreneurs. The program baptized Ellever mainly aims…
Tuesday 3 November, 2020
Ecobank celebrated by Speak Up Africa for its commitment to public health
Banking

Ecobank celebrated by Speak Up Africa for its commitment to public health

Lomé-based pan-African banking conglomerate Ecobank is one of the winners of 2020 Speak Up Africa Awards. Awarded by Speak Up…
Wednesday 28 October, 2020
Oragroup’s profits slashed by covid-19
Banking

Oragroup’s profits slashed by covid-19

Like many others, Oragroup’s finances took a hit from the pandemic. According to an activity report published by Abidjan’s stock…
Wednesday 7 October, 2020
WAEMU: Ecobank was the leading bank in 2019
Banking

WAEMU: Ecobank was the leading bank in 2019

With a market share of 12.8%, the Lomé-based pan-African group Ecobank Transnational Incorporated was the leading bank in the West…
Wednesday 23 September, 2020
EBID provides €50M credit line to Lomé-based Oragroup
Banking

EBID provides €50M credit line to Lomé-based Oragroup

Lomé-based pan-African banking group Oragroup recently received a credit line of €50 million (around CFA32.8 billion) from the ECOWAS Bank for…
Tuesday 15 September, 2020
Local fintech Semoa deploys WhatsApp banking services for Ecobank and Orabank in Togo
Banking

Local fintech Semoa deploys WhatsApp banking services for Ecobank and Orabank in Togo

Since Sept. 10, 2020, the Togolese Fintech Semoa has made it possible for Ecobank customers to transfer money from the…
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