Ecobank Group, the leading pan-African financial institution in 35 African countries, announced the joint winners of its annual Group Chairman’s Sustainability Award at a ceremony held following the Ecobank Transnational Incorporated (ETI) Annual General Meeting.
Affiliates who are bringing about positive social and environmental change across the continent were honored with this prestigious award on June 8 in Lome, Togo.
For their outstanding projects, Ecobank Ghana and Ecobank Zimbabwe received recognition. In collaboration with Electrochem Ghana Ltd., Ecobank Ghana made an investment of US$24 million to renovate and construct new salt pans with the goal of producing more than 1 million tons of salt annually.
The drive helps financial development and has utilized 3,000 youngsters, with 40% being ladies. In addition, the project makes it easier for Ghanais to get clean water and sanitation.
Ecobank Zimbabwe started Ellevate 2.0 to help young and women-owned businesses. They provided loans totaling US$500,000 and opened 400 accounts. Additionally, the program has connected more than 2,000 SMEs, making it easier to share knowledge and gain access to global trade networks.
Ecobank has risen to the top of sustainable finance in recent years by raising 350 million dollars through Tier Two Sustainability Notes and receiving numerous awards. The signing of the first-ever Sustainability Linked Loan for a sub-Saharan financial institution, spearheaded by Proparco last year, was also a significant milestone.
Responding to this, Mr. Alain Nkontchou, Ecobank Group Chairman said:
“Sustainability is crucial for Africa, a continent rich in natural resources yet vulnerable to environmental and social challenges. By prioritising sustainable practices, we aim to support economic growth, enhance resilience against climate change, and promote social well-being. Our commitment to sustainability is not only a moral imperative but a strategic business approach that has proven immensely valuable.”
Ecobank’s sustainability strategy is greatly aided by the Group Chairman’s Sustainability Award, which was established in 2018. The innovative and significant initiatives that are advancing this mission are demonstrated by this year’s winners.
Ecobank’s sustainability journey continues to alter the banking industry, providing customers and businesses with long-term value.
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