Ecobank plans USD49m systems development

COMPUTING

|
Image: By BiztechAfrica
Ecobank plans USD49m systems development

Africa’s Ecobank Group has signed a USD49 million (€40.7 million) seven-year loan facility to develop its systems and technology infrastructure.

Ecobank said in a statement that it had signed the agreement with French Development Agency’s (AFD) Proparco and BIO, the Belgian Investment Company for Developing Countries.

The facility will be invested in developing its “systems and technology infrastructure” which serves nine million retail, local corporate, public sector and microfinance customers, through 1,180 branches, 1,632 ATMs and 2,744 POSs.

Arnold Ekpe, Ecobank’s Group CEO said: “The investment demonstrates our on-going commitment to enriching Ecobank’s customer experience through investments in systems, technology and processes.”

Incorporated in Lome, Togo, Ecobank Transnational Incorporated is the parent company of the leading independent  pan-African banking group. It currently has a presence in 32 African countries.



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE COMPUTING NEWS

Rack Centre appoints Udoaka Business Development Director

Rack Centre has announced the appointment of Mr Frederick Udoaka as its new Business Development Director.  Read More

Mellanox introduces new BlueField family of system-on-chip programmable processors

Mellanox Technologies, a leading supplier of high performance cloud and storage networking solutions, has announced the local availability of the BlueField family of programmable processors for networking and storage applications.  Read More

Police MfB, Intel, Airtel partner on computers for SMEs

The Nigerian Police Force Microfinance Bank (NPF MfB) has entered into a strategic partnership with Airtel and Intel to provide affordable and accessible technological devices for the Nigerian police force and SMEs in Nigeria. Read More

Transceiver warrantees: ProLabs separates fact from fiction

Value-added distributer, Networks Unlimited distributes ProLabs’ product line of high-quality, OEM-compatible optical transceivers and direct-attach cables offering at significant cost savings, often up to 70 percent less than OEM branded products, across the African continent.  Read More

Resolving the data centre disconnect

The disconnect between virtualised applications and physical storage is costing businesses time and money.    Read More

Huawei’s Botswana footprint ‘commendable’: MD

Gao Wenli, Managing Director of Huawei Botswana, is upbeat about the progress his company has made in the country so far.  Read More

Huawei stages inaugural ICT conference in Botswana

Huawei Technologies Botswana held its inaugural ICT conference where a lot of its cutting edge technology was on display.  Read More

Huawei initiates e-learning in Ugandan schools

In a bid to deepen ICT adoption among Ugandans, Huawei Uganda has provided internet connected computers to schools in western Uganda. Read More

F5’s latest plugins create compelling argument to move to OpenStack

OpenStack has emerged as one of the most popular cloud computing platforms, allowing organisations to easily build and scale next-generation applications in an open source environment.  Read More

Dealing with the dark side of rapid digitisation in financial services

Mobile payments and digital banking is evolving at breakneck speed across Africa, raising new digital security risks.  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

Government should encourage youths in ICT earlyGovernment should encourage youths in ICT early

Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

Tigo, JI and GES equip teachers on child online protection initiative

Tigo, in partnership with J Initiative (JI), a youth focused non-governmental organisation in Ghana, have committed to protecting children online through policy advocacy, awareness creation, public education ...