Ecobank Transnational Incorporated announces New Appointments and Changes on its Board

News

Why business should not throw in the towel in the face of COVID-19

“I would like to appeal to all large businesses not to resort to force majeure and stop paying their suppliers and rental commitments , as such practice has a domino effect on all other businesses dependent on that chain,”

SA extends lockdown by two weeks until end April

South Africa's President Cyril Ramaphosa on Thursday evening extended the country's lockdown by two weeks until the...

COVID-19: Trump hold on finances would hurt our work in Africa – WHO.

"If that decision is made it would severely impact our work here in Africa,” says Moeti.

Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers, but does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.
Download logo

Ecobank Transnational Incorporated, ETI (https://www.Ecobank.com), the Lomé-based parent company of the Ecobank Group, announces two new appointments and changes on its Board of Directors.

Dr. Georges Agyekum Nana Donkor has been appointed as a Non-Executive Director to replace Mr. Bashir Mamman Ifo as the representative of Ecowas Bank for Investment & Development (EBID) on the Board of ETI. Dr. Donkor was recently appointed President of EBID following the retirement of his predecessor Mr. Bashir Ifo. Dr. Donkor is a Lawyer, Banker and Marketing Consultant with over twenty-five years’ experience in Senior Management capacities across several fields such as Finance, Strategic Management, Marketing, Legal, Compliance and Administration.

The Board also announced the appointment of Mrs. Zanele Monnakgotla as a Non-Executive Director and nominee of the Public Investment Corporation (PIC) of South Africa on the Board. Mrs. Monnakgotla has over 20 years’ public and private sector experience in Structured Finance and Strategy. She is replacing Dr. Daniel Matjila who resigned from the ETI Board when he left his role as Chief Executive Officer of PIC.

Mr. Emmanuel Ikazoboh, Chairman of the Board of ETI, commenting on the changes said: “We must first of all, sincerely express our appreciation to Mr. Ifo and Dr. Matjila for their contributions on the Board and their tireless dedication to the Ecobank Group. We know that they will always remain members of the Ecobank family. As we formally bid them farewell, I do warmly welcome, both Dr. Donkor and Mrs. Monnakgotla and believe that their respective expertise would be most beneficial to the Board.”

The Board of ETI further notified that Ms. Arunma Oteh who is currently an academic scholar at the St. Anthony’s College and Executive-in-Residence at Said Business School, University of Oxford has resigned from the Board to focus on other personal commitments.  The Chairman and the Board thank Ms. Oteh for her valuable contributions and extend their very best wishes as she dedicates herself to other commitments.

Distributed by APO Group on behalf of Ecobank.

Media Contact: Adenike Laoye Group Corporate Communications Head Ecobank Transnational Incorporated

About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’): Ecobank Transnational Incorporated (‘ETI’) (https://www.Ecobank.com) is the parent company of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs over 15,000 people and serves about 20 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan.

For further information please visit www.Ecobank.com

- Advertisement -
- Advertisement -

Featured

COVID-19: Moody’s downgrades Zambia from stable to negative

Africa will tread a tough road ahead as ratings agencies throw its iron fists upon African countries amid the COVID-19 crisis and economic disruptions impact private sector activity in Sub- Saharan Africa. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

Update on Rupert family’s R1bn COVID-19 fund

This week Johann Rupert’s R1billion Sukuma fund had to close doors on desperate small businesses wanting help to fight the impact of COVID-19 lockdowns.

World Bank considers debt relief for Africa to fight COVID-19

The World Bank expects COVID-19 to cost Sub-Saharan Africa up to $79 billion in lost output in 2020, plunging the region into its first recession in a quarter of a century. World Bank’s Chief Economist for Africa, Albert Zeufack joins CNBC Africa for more.

Why China will be least hit by capital exodus from emerging markets

The COVID-19 shock has fuelled the biggest capital outflows from emerging markets on record in the first quarter, and the situation is unlikely to improve for the rest of the year. That’s according to research from the Institute of International Finance. Elina Ribakova, Deputy Chief Economist from the (IFF) Institute of International Finance joins CNBC Africa for more.

I&M Bank Rwanda reduces interest rates by 0.5% to cushion customers from COVID-19

In an attempt to ease the burden of high interest costs on customers affected by the COVID-19 pandemic, I&M Bank Rwanda has reduced their interest rates by 0.5 per cent. CNBC Africa spoke to CEO, Robin Bairstow for more.
- Advertisement -

More Articles Like This

- Advertisement -