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Thu,23Nov2017

Thierry Tanoh

No more shadow-boxing over leadership - Ade Ayeyemi, Group CEO, Ecobank Transnational

Ade Ayeyemi Group chief executive officer, Ecobank Transnational. Photo©Guilhem Alandry/Documentography for TARWith its expanded continental footprint, new investors and a new chief executive, the Togo-based bank is poised for the next step, though there may be global trouble ahead.

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Ecobank benefits from its pan-African platform

From kigali to Cape Town in seconds: Ecobank’s Omni platform is simple to use. Photo©The New York Times/REAThe bank present in the largest number of African countries is gaining strength from its new online payment platform that links its clients all over the continent.

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Banking: Ecobank names Ayeyemi as new CEO

Ade Ayeyemi has been named as CEO of Ecobank Transnational Incorporated. Photo©Screen Shot NTVPan-African bank Ecobank Transnational Incorporated has named Ade Ayeyemi as its new group chief executive, it said on Monday.

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Thierry Tanoh wins cases...

The legal battles related to Thierry Tanoh's sacking in 2014 are set to continue at international tribunals.

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IMF backtracks over their reporting on Ecobank's growth

The International Monetary Fund said in a report that poor governance and rushed growth at pan-African lender Ecobank pose serious concerns, but it said in an email on Thursday the concerns it referred to have been addressed.

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Togo court awards former Ecobank CEO Thierry Tanoh $11.6 million

Thierry Tanoh was fired last March by Ecobank's board after turmoil over corporate governanceA court in Togo awarded the former chief executive of pan-African lender Ecobank Thierry Tanoh $11.6 million on Tuesday over his wrongful dismissal suit that followed the bank's decision to fire him last March.

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Ecobank to comply with Ivorian order in defamation case

A court says Ecobank and the Public Investment Corporation (PIC) of South Africa must pay former Ecobank CEO Thierry Tanoh $15 million for defamationPan-African lender Ecobank will comply with an order by a court in Ivory Coast to publish in international media a judgment in a defamation case brought by its former chief executive even as it appeals against the ruling, a bank spokesman said on Sunday.

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Banking: We will benefit from both worlds- Ecobank chief

Albert Essien Group chief executive, Ecobank. Photo©Eric Larrayadieu for JABanker Albert Essien talks about the management troubles at Ecobank, its plans for consolidation, and how to manage culture and training across a pan-African institution.

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People aren't borrowing for white elephants - President of African Dev. Bank

Donald Kaberuka President, African Development Bank. Photo©Eric Larrayadieu for Jeune AfriqueThe AfDB [African Development Bank] president is not worried about rising African debt levels and wants to restructure the bank before he steps down from his second term in office in 2015.

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Ecobank "grew too fast", says top shareholder

Pan-African lender Ecobank grew too fast in a short space of time, its biggest shareholder said on Wednesday, potentially signalling a slowdown in the rapid expansion that has taken the financial institution to 35 countries.

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Ecobank shareholders pass governance action plan, CEO stays

Ecobank CEO Thierry Tanoh has faced calls to step down in recent weeks from his top executive teamEcobank shareholders passed a governance action plan to address criticism by Nigeria's securities regulator at an extraordinary general meeting on Monday where the fate of CEO Thierry Tanoh was not on the agenda, a top bank official said.

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Ecobank board meeting blocked by court injunction

Four members of Ecobank's Group Executive Committee want chief executive Thierry Tonah to step down to resolve what they said was a long-standing crisis of leadershipA key Ecobank board meeting at the bank's headquarters in Togo on Tuesday was blocked by an injunction filed by an individual shareholder at a court in the capital Lome, bank officials said.

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Ecobank says taking seriously a governance report by Nigeria SEC

Ecobank is taking seriously a report on its governance by Nigeria's Securities and Exchange Commission and has made changes to strengthen corporate controls, the pan-African bank said in a statement on Monday.

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Nigeria SEC warns Ecobank over corporate governance

Nigeria's securities regulator said on Thursday Ecobank Transnational showed a lack of transparency in its recruitments that fostered conflicts of interest and recommended it pick a new chairman.

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Africa's Ecobank announces departure of group finance director

Laurence do Rego joined Ecobank in 2002. Photo©© Vincent Fournier/JAAfrica's Ecobank announced the departure on Wednesday of its group executive director for finance and risk, who made an allegation last year that prompted an investigation into governance at the lender by Nigeria's securities regulator.

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Ecobank's next chapter: Strategic repositioning

At Ecobank’s AGM in Lomé in June, 2013 shareholders said they expect higher dividends next year/Photo©Jean-CLaude AbaloAfter rapid expansion over the past six years, the continental bank now wishes to deepen its presence as well as opening in Angola, Mozambique and Ethiopia.

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Ecobank to support Lagos-Abidjan transport corridor

The proposed corridor will run through five of the fifteen West African countries, starting in Cote d'Ivoire and ending in NigeriaPan-African bank Ecobank is working with authorities in Cote d'Ivoire and Nigeria on the Abidjan-Lagos corridor project, a transnational highway which passes through five West African countries.

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Ecobank moves to Zimbabwe despite indigenisation laws

ECOBANK's CEO and managing director Thierry Tanoh says the bank is committed to complying with all regulatory requirements in ZimbabweEcobank International says it plans to grow its Zimbabwean portfolio despite mounting pressure by that country's government to force foreign banks to cede more than half of its shareholding to locals under empowerment laws.

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