Ecobank plans USD49m systems development
COMPUTING| July 16, 2012, 10:20 a.m.
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.
MORE COMPUTING NEWS
Asset Finance: Purchase or Pay-Per-Use?There are three main financing options when it comes to acquiring new equipment, explains InnoVent. Read More
African Data Centre pricing increasing significantlyTCL forecasts that Data Centre space will grow to 107,000 square metres in Africa as of the beginning of 2015, and that average pricing is increasing across the continent. Read More
Moremi School launches own ICT HubMoremi III Memorial School in Maun has launched its own Information Communication Technology (ICT) hub aimed at improving the status of education at the school. Read More
BT announces new AMEA cloud servicesBT has announced new cloud services aimed at supporting the expansion plans of its customers in Asia-Pacific, the Middle East and Africa (AMEA). Read More
MWEB Business’ Top Technology Trends 2014 – 2015MWEB Business predicts the top local technology trends for the coming year. Read More
2014 EMC Forum to be staged in LagosThe 2014 edition of the annual EMC Forum themed ‘It’s Time To Redefine IT’ is set to be staged in Lagos on November 25, at the Expo Hall of Eko Hotel and Suites, Victoria Island. Read More
Accenture previews digital disruptionSpeaking at Oracle Day in Lagos, Accenture has outlined the digital transformations already taking place thanks to ICTs, and the ways in which technology will change lives in future. Read More
Preparing for the workplace of tomorrow using today’s insightsA new survey, 'Workforce 2020', has revealed that most companies are not prepared to capitalise on the forthcoming workplace changes. Read More
West Africa looks to smart cities technologiesWest African governments are showing increased interest in smart cities technology and the benefits they can offer citizens, says Cisco. Read More
FEATURED STORYGSMA: half a billion mobile subscribers in SSA by 2020
The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.