Banking

Monday 8 September, 2025
Togo banks post record reserves, far above BCEAO requirements
Banking

Togo banks post record reserves, far above BCEAO requirements

Highlights: • Togo’s banks held reserves of 157.6 bln CFA francs in July–Aug, 220% of BCEAO requirements.• Surplus reflects post-Covid…
Monday 18 August, 2025
Ecobank Welcomes New Major Shareholder with $100 Million Investment
Banking

Ecobank Welcomes New Major Shareholder with $100 Million Investment

Alain Nkontchou's Bosquet Investments acquired 21.22% of Ecobank for $100 million from Nedbank. Ecobank raised $250 million in July via Tier 1…
Wednesday 30 July, 2025
Togo: BSIC Surges Past CFA331 Billion in Assets in H1 2025
Banking

Togo: BSIC Surges Past CFA331 Billion in Assets in H1 2025

The Sahelo-Saharan Bank for Industry and Commerce (BSIC-Togo) closed the first half of 2025 with total assets of CFA331 billion,…
Tuesday 22 July, 2025
Togo’s Bank Credit Recovers After 2023 Slump, Led by Equipment Financing
Banking

Togo’s Bank Credit Recovers After 2023 Slump, Led by Equipment Financing

Togolese businesses and the state primarily drove bank credit demand in 2024, according to the latest BCEAO report on banking…
Friday 18 July, 2025
Banque Atlantique Togo Raised CFA12 Billion in 2024 with FAGACE’s Help
Banking

Banque Atlantique Togo Raised CFA12 Billion in 2024 with FAGACE’s Help

Highlights: In 2024, Banque Atlantique Togo mobilized nearly CFAF 12 billion in FAGACE-guaranteed operations. The bank was awarded “Best Partner”…
Thursday 17 July, 2025
Togo: Term Deposits Jump 15.7% in 2024, Reversing Two-Year Slump
Banking

Togo: Term Deposits Jump 15.7% in 2024, Reversing Two-Year Slump

Togo's term deposits significantly rebounded in 2024, rising 15.7% from 2023 to 1,246 billion CFA francs, according to BCEAO data.…
Monday 14 July, 2025
Ecobank Targets $250 Million in 10-Day Capital Raise
Banking

Ecobank Targets $250 Million in 10-Day Capital Raise

Lomé-based banking holding company Ecobank Transnational Incorporated (ETI) launched a $250 million private placement of Tier 1 (AT1) convertible bonds on…
Thursday 3 July, 2025
 Ecobank Taps Google Cloud to Accelerate Digital Banking Across Africa
Banking

 Ecobank Taps Google Cloud to Accelerate Digital Banking Across Africa

Partnership to deploy Apigee API management and BigQuery analytics in 33 markets. Bank aims to boost SME financing and financial…
Wednesday 4 June, 2025
Ecobank Wins Three Awards at the World’s Best Banks 2025 Awards
Banking

Ecobank Wins Three Awards at the World’s Best Banks 2025 Awards

Pan-African banking group Ecobank has been named “Best Bank in Africa 2025” by Global Finance magazine, the company said on…
Friday 30 May, 2025
ECOWAS at 50: EBID Showcases Development Impact at Lomé Event
Banking

ECOWAS at 50: EBID Showcases Development Impact at Lomé Event

The ECOWAS Bank for Investment and Development (EBID) celebrated its 50th anniversary with a high-profile event in Lomé on May…
Tuesday 20 May, 2025
Cofina Togo Launches Premium Savings Product for Executives and Entrepreneurs
Banking

Cofina Togo Launches Premium Savings Product for Executives and Entrepreneurs

On May 15, Togolese mesofinance group Cofina introduced a new savings product, CofiPrivilège. The product targets high-potential managers, executives, and…
Wednesday 9 April, 2025
Banking: Why Are Togolese Lenders Accumulating Reserves
Banking

Banking: Why Are Togolese Lenders Accumulating Reserves

In a regional context marked by subtle monetary tensions, Togolese banks are adopting a cautious approach. As of February 2025,…
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