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Digitization an opportunity to propel African economies even as COVID-19 rages
Addis Ababa, Ethiopia, March 30, 2021 (ECA) - The COVID-19 pandemic has hit hard the economies of many African countries, and pushed many more citizens into poverty, but some countries like Rwanda and Togo have used digitization to keep their economies running.
Ecobank Transnational Incorporated appoints Akin Dada as Group Executive, Corpor...
Lomé, April 12, 2021 – Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, is pleased to announce the appointment of Akin Dada as Group Executive, Corporate and Investment Bank.
COM2021: Africa still lags behind in trading within its borders
Addis Ababa, Ethiopia, March 17, 2021 (ECA) - African countries continue to trade more with the outside world than among themselves, according to findings of an Economic Commission for Africa (ECA) assessment report on progress made on regional integration in the context of the COVID-19 pandemic.
Vista Bank Guinea granted €10m Line of Credit by EBID to support the growth of G...
Conakry, 9 March 2021 – Vista Bank Guinea has been granted a €10m line of credit by the ECOWAS Bank for Investment and Development (EBID) to increase its capacity, support and medium-term funding for small and medium-sized enterprises (SMEs) and small and medium-sized industries (SMIs) in the Republic of Guinea.
UNLOCKING TRADE AND INVESTMENT OPPORTUNITIES BETWEEN EUROPE AND EAST AFRICA
(Geneva, EAC Arusha, Tanzania) – Stakeholders from across the East African Community (EAC) region and Europe gathered online today to mark the beginning of the MARKUP - EAC Invest event.
ECA Price Watch points to construction sector as key driver of growth
Addis Ababa, 23 February 2021 (ECA) - “A vibrant construction sector is an indisputable driver of GDP growth in a country,” said Bartholomew Armah, Director of Macroeconomics and Governance at the Economic Commission for Africa (ECA).
Ecobank Nigeria announces the pricing of its $300 Million Bond to be listed on t...
Lomé, February 18 2021 – Ecobank Nigeria (“ENG” or “the Bank”), a wholly owned subsidiary of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its USD 300 million bond issuance maturing in February 2026, with settlement of the bond to take place on 16 February 2021.
UN initiative UNITLIFE and Ecobank Foundation work to prevent chronic malnutriti...
Lomé, Togo, 10 February 2020 – UNITLIFE, the United Nations initiative dedicated to fighting chronic malnutrition through innovation, and the Ecobank Group’s Foundation - the pan-African banking group with operations in 33 countries across the continent-announce the launch of the “Make the Connection” campaign, which aims to raise awareness and funds to prevent chronic malnutrition in Africa.
ECA’s 2021 Conference of Ministers to focus on sustainable industrialisation and...
Addis Ababa, Ethiopia, February 02, 2021 (ECA) – Preparations for the fifty-third session of the Conference of African Ministers of Finance, Planning and Economic Development of the Economic Commission for Africa (ECA) have reached advanced stages.
Afreximbank expands Trade Finance Intermediary Initiative
Cairo, 15 December 2020: – During 2020, the African Export-Import Bank (Afreximbank) has increased the number of its Trade Finance Intermediaries (TFIs) to more than 65 in 30 African countries.
USD 10 Million to Foster Innovation of Adaptation Practices in Vulnerable Countr...
19th November 2020 – The Adaptation Fund (AF) together with the United Nations Environment Programme (UNEP)/the Climate Technology Centre and Network (CTCN) and the United Nations Development Programme (UNDP) launched a new USD 10 million small grants programme funded by the Adaptation Fund.
Professor Kishore Mahbubani predicts rise of Africa at Afreximbank’s Babacar Ndi...
Cairo, 29 October 2020: – In his keynote address H.E. Professor Kishore Mahbubani, Distinguished Fellow, Asia Research Institute and Founding Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, predicted a shift in economic power from the West to Asia in the first half of the 21st Century, with the second half moving into the Afro-Asian Century.
UN on the Search for Young Tech Innovators Creating Climate Solutions
20th October 2020 - The UN Climate Technology Centre and Network (CTCN), in partnership with SAFEEM and Seedstars, is calling all young innovators in Africa and Asia looking to create climate technology solutions to join the Climate Innovation Labs, happening on the 19th - 21st of November 2020 for Africa and on the 3rd - 5th of December for Asia Pacific participants.
VISTA BANK GROUP EXPANDS ITS TRADE FINANCE SERVICES IN WEST AFRICA BY ACQUIRING...
Conakry/Ouagadougou, October 19, 2020 – Vista Bank Group (‘Vista’) has agreed with BNP Paribas to acquire BNP Paribas’ majority interest in La Banque Internationale pour le Commerce et l’Industrie de la Guinée (BICIGUI) in Guinea and La Banque Internationale pour le Commerce l’Industrie et l’Agriculture du Burkina (BICIAB) in Burkina Faso.
Third African CRVS Day commemorations set for 10 August across continent
Addis Ababa, Ethiopia, July 27, 2020 (ECA) – Africa marks its third Civil Registration and Vital Statistics (CRVS) Day on August 10 with growing calls for nations to classify civil registration as an essential service and strategies to be put into place to ensure business continuity during emergencies, including pandemics.
Togo towards the Active Debt Management Strategy
« The Ministry of Economy and Finance of the Togolese Republic is pleased to announce the signature in May 2020 of a second euro loan facility raised on the international markets for an amount totaling approximately 150 million euros.