Ecobank seeks capital sources

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Ecobank Transnational, the lender that operates in more African countries than any other, might sell bonds and shares as African countries raised minimum capital requirements, its chief executive, Thierry Tanoh, said yesterday.

Tanoh said the Togolese-based company, which is listed in Ghana, Ivory Coast and Nigeria, was also considering trading its shares on an exchange outside Africa. He took over at the helm last week, replacing Arnold Ekpe.

“We’re starting to see in a lot of countries’ requirements by central banks to raise minimum capital requirements,” he said. – Bloomberg

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