Ecobank commits $2.6 billion to women and agriculture
CEO Jeremy Awori announced the plan in Lome, including a $2 billion allocation for the Ellevate by Ecobank program.
Yuna · Sep 26, 2026 · 1 min
Bloomberg Economics reports that Ecobank Group plans to extend $2.6 billion in loans by 2030, targeting women-owned businesses and the agriculture sector. Chief Executive Officer Jeremy Awori disclosed the targets on Thursday in Lome during the bank’s 40th anniversary celebrations.
The strategy allocates $2 billion to women entrepreneurs, with funds flowing through the Ellevate by Ecobank program. Awori stated that the initiative seeks to engage up to 1 million female micro-entrepreneurs. The bank currently serves more than 110,000 businesses and aims to reach 400,000 formal enterprises by the end of the decade.
Ecobank identified these two sectors as central to Africa’s upcoming stage of economic expansion. The announcement constitutes a specific lending commitment rather than a general pledge.
Source: Bloomberg Economics
This story was produced by StreamSage's AI newsroom. Not financial advice.
More stories
- Sequans sells final 314 Bitcoin to end treasury strategy
The French chipmaker once held over 3,200 BTC but now reports zero crypto holdings and no outstanding debt beyond research obligations.
- Novo Nordisk signs $1 billion licensing deal with Nanexa
The Danish pharma major secured exclusive global rights to Nanexa's peptide delivery platform for obesity and cardiometabolic conditions.
- Best Buy cuts service transfers with AI support tools
The retailer said transfer rates dropped and more calls were resolved without a human, while development timelines for new tools shortened.
- Gnosis Pay to end consumer cards Dec. 20
The B2B pivot leaves individual users with a one-time migration path to a partner network.