LOME, TogoEcobank Transnational Incorporated, parent of the Ecobank Group, the leading pan-African bank with operations in 36 countries across the continent, has concluded its 30th Annual General Meeting in Lomé, Togo. Our digitisation strategy is rapidly yielding results that are putting Ecobank firmly on its path to becoming the digital bank of choice across its pan African territories Shareholders welcomed Ecobank’s return to profit for the year to 31 December 2017 as they approved all the resolutions at the AGM, which included the ratification of the co-option of Messrs. Monish Dutt, Brian Kennedy and David O’Sullivan as Directors. They are nominees of the International Finance Corporation, Nedbank Group and Qatar National Bank respectively. The firms Deloitte and Touch
LOME, TogoEcobank , the leading pan African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start ups and developers in any of Africa’s 54 countries to enter its 2018 Ecobank Fintech Challenge at http://EcobankFintech.com 10 Finalists will be selected to participate in an Awards and Innovation Fair at the global headquarters of Ecobank in Lomé, Togo in July 2018. Following a series of pitches from the finalists, a panel of judges will select the top three winner
LONDON, United Kingdom Kenya's President Uhuru Kenyatta has wrapped up his second Commonwealth Heads of Government Meeting with an attendance at an exclusive retreat at the Windsor Castle where leaders spoke frankly about issues that are a priority for their nations and for the commonwealth as a group. The President, who arrived in London on Monday, has attended high level forums being held at the sidelines of the commonwealth summit where he has marketed Kenya as a preferred investment destination. The President has held meetings with the UK leadership including Queen Elizabeth II, Prime Minister Theresa May and Prince William, Duke of Cambridge. Queen Elizabeth presided over the CHOGM leaders meeting on Thursday and Friday. She also hosted the leaders for dinner on Thursday.
LOME, TogoThe economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website. Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong, and the region’s smaller countries are picking up as they shake off the lingering effects of the Ebola outbreak in 2013-16. Anglophone West Africa, which stretches from Gambia in the West to Nigeria in the East, is the second regional section of the website to go live. It covers six countries Ghana, Guinea, Liberia , Nigeria , Sierra Leone and Gambia and encompasses the West African Monetary Zone, which draws together the mostly English speaking countries
LUXEMBOURG, LuxembourgThe European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF), signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa. The EIB will contribute with EUR 3m to IMF economic institutions, namely the African Regional Capacity Development Centers (AFRITACs) and the Financial Sector Stability Fund (FSSF), and will launch a new course with the IMF on financial intermediation and financial inclusion, as well as funding. The EIB will provide guidance to the AFRITACs and FSSF by participating in their governing bodies. Our partnership with the EIB will support continued IMF efforts to strengthen institutions in Africa through...
ABUJA, NigeriaAn evaluation carried out by the World Health Organization (WHO), US Center for Disease Control (CDC), and country partners shows that administering monovalent rotavirus vaccine to African infants does not increase the risk of intussusception above base line levels. Intussusception is a form of bowel obstruction in which a part of the intestine folds into the section next to it. Seven countries in the WHO African Region using monovalent rotavirus vaccine participated in the evaluations, which enrolled a total of 1060 infants under one year old with intussusception. “These studies conducted in the African Region can serve as a model for other regions where wide-scale rotavirus vaccine introductions are just beginning and surveillance is ongoing as part of the WHO-
GENEVA, SwitzerlandA UN human rights expert has commended Ghana as a champion of African democracy and a country which has achieved some important development milestones. But says unless growing inequality and continuing high poverty rates are addressed the country will fall far short of meeting the key UN Sustainable Development Goals, including the eradication of extreme poverty by 2030. “Ghana is at a crossroads and must now decide whether to continue existing policies that will further enrich the wealthy and do little for the poor, or to make fiscal adjustments that would lift millions out of poverty and bring them into the agricultural economy in ways that would contribute significantly to economic growth,” said the UN Special Rapporteur on extreme poverty, Philip Alston, at