Ecobank Group CEO meets Nigeria capital market community
A delegation from Ecobank Group is at the Nigerian Exchange to introduce the new Group CEO, Jeremy Awori to the Nigerian Capital Market community. It’s time to now cross over to CNBC Africa’s Kenneth Igbomor who is at the Exchange to bring us up to speed on the visit.
Tue, 25 Apr 2023 14:15:57 GMT
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AI Generated Summary
- Ecobank's strategic focus on expanding in key African markets and leveraging fintech partnerships to drive growth and innovation in the financial services sector
- The importance of promoting intra-African trade and financial inclusion through collaborations and digital banking solutions amidst global economic challenges
- The bank's commitment to enhancing performance in core markets, such as Nigeria, by broadening product offerings, improving customer experience, and fostering strategic partnerships
Ecobank Group, a leading pan-African bank, is gearing up for a new phase of growth under the leadership of its recently appointed Group CEO, Jeremy Awori. Awori, who assumed the role in March, is optimistic about the bank's future and the exciting opportunities that lie ahead. In a recent interview with CNBC Africa, Awori highlighted Ecobank's strategic objectives and vision for the future, particularly in the context of the rapidly evolving financial services sector in Africa. With full banking operations in 33 markets and additional operations in six others, Ecobank has a strong presence across the continent. Nigeria, in particular, is a core market for the bank, where significant investments are being made to drive growth. Awori emphasized the importance of working within these markets to harness opportunities and expand the bank's business. One key area of focus for Ecobank is the burgeoning fintech space. Awori acknowledged the potential of fintechs in driving growth and innovation in the financial services industry. By leveraging its extensive network and presence in multiple markets, Ecobank aims to collaborate with fintechs to facilitate cross-border payments, support trade, enhance remittance services, and promote the growth of consumer and SME businesses. Despite the challenges in the banking sector, Ecobank remains committed to its pan-African vision. The bank's deep-rooted relationships and partnerships across the continent position it well to promote African trade and economic development. Awori underscored the importance of intra-African trade amidst global economic uncertainties, emphasizing the need for collaboration and unity within the continent. Ecobank's established rails and platforms enable seamless transactions and payments in local currencies, further driving financial inclusion and digital banking adoption. As Ecobank continues to navigate the evolving financial landscape, the bank remains focused on enhancing its performance in key markets. With a strategic presence in Nigeria, Francophone West Africa, Central, Eastern, and Southern Africa (CESA), and Anglophone West Africa, Ecobank aims to unlock new levels of growth and opportunity. In Nigeria, the bank is poised to capitalize on the country's vast market potential, expand its product offerings, and enhance customer experience through digital solutions. By fostering partnerships and collaborations that align with its growth objectives, Ecobank is well-positioned to drive sustainable growth and make a positive impact on the economies and communities it serves.