Debt market, injection of funds from Arise BV…. The Pan-African bank is strengthening its balance sheet to boost its dividends. JA scrutinizes Ade Ayeyemi's group strategy.
Dividends will probably wait again this year. But the Ecobank group is working hard to reassure its shareholders.
After his last bet on the London Stock Exchange last June - where Ecobank Transnational Incorporated (ETI), holding company of the eponymous banking group, issued $ 350 million in sustainable bonds -, the pan-African institution uses new strings.
Ecobank has just unveiled its arrangement with the investment company Arise BV, with group capital since 2019, and under which the latter makes an additional investment of $ 75 million directly in equity financing (additional Tier 1 capital).
Ecobank is committed to regaining its stripes with rating agencies
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