Nigeria: Ecobank Group drives intra-African trade growth at IATF

The Ecobank Group is steadfast in its commitment to actively contribute to realizing the goals of the AfCFTA.

The upcoming event serves as a launching pad for businesses to expand their intra-African trade and investments within the 1.4 billion people-strong market established by the African Continental Free Trade Area (AfCFTA). Anticipating over 1,600 exhibitors, 35,000 attendees, and an estimated US$43 billion in trade and investment agreements, IATF aims to propel Africa’s commercial and economic growth, aligning with Ecobank’s fundamental mission.

Group Executive, Corporate and Investment Banking, Ecobank Group, Eric Odhiambo said: “IATF provides Africa’s businesses with unrivalled opportunities to network, connect and sign contracts with buyers and sellers from across the continent. With our comprehensive suite of banking products, services, solutions and our established digital platform, which facilitates seamless payments and collections across our 35 countries of presence in Africa, Ecobank is positioned as the ‘go to’ bank for payments and trade. To further support businesses to grow and succeed we have also put in place a range of initiatives which include the game changing Ecobank Single Market Trade Hub, which connects importers and exporters across Africa.”

Ecobank enhances intra-African trade with solutions like RapidCollect, facilitating low-cost, instant payments across 33 countries. The bank also aids businesses in establishing an online presence and creating free websites through the Google My Business Platform. Additionally, Ecobank serves as an inter-bank settlement agent for Central Banks in countries not part of the Pan-African Payment and Settlement System (PAPSS).