Cameroonian banker Alain Nkontchou-linked Ecobank gets $12 million to boost African SMEs
Ecobank has secured a $12 million trade finance guarantee to strengthen small business financing and food security in Chad and across Africa.
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Ecobank has secured a $12 million trade finance guarantee to strengthen small business financing and food security in Chad and across Africa.
Alain Nkontchou invests $100 million to become Ecobank’s largest shareholder with 5.95 billion shares and greater influence on its future.
Djondo’s legacy extends beyond banking, his vision for economic integration has reshaped finance and aviation across Africa.
Nkontchou is one of the richest investors on the Nigerian Exchange and one of Cameroon’s wealthiest banking executives.
Ecobank is one of West and Central Africa’s leading independent regional banking groups.
This is a 20-percent improvement from the $128.88 million posted as profits in the first half of 2020.