Ecobank Kenya Receives Ksh3.5 Billion Capital Injection

Ecobank Kenya has strengthened its capital base with a Ksh3.5 billion (US$27 million) injection, bringing its total capital to Ksh8.5 billion (US$65 million) — well on track towards meeting the Ksh10 billion capital requirements by 2029.

This investment will enable Ecobank Kenya to support business expansion, facilitate regional trade, and promote financial inclusion. The additional capital will help key economic drivers, including regional businesses, SMEs, FinTech’s, and women-led enterprises and enhance the bank’s presence in high-impact sectors such as agriculture, manufacturing, ICT & innovation, payments & remittances, and tourism & hospitality.

Furthermore, Ecobank Kenya aims to empower emerging industries like green energy, transport & logistics, healthcare, and retail & trade, focusing on sustainable development in Kenya and East Africa.

Mr Jeremy Awori, Group CEO of Ecobank Transnational Incorporated, said Kenya is a strategic market for the Ecobank Group and a key economic hub driving growth across East Africa. He said this capital reinforcement supports Ecobank Kenya’s ability to seize new business opportunities and deliver long-term value for stakeholders — all in line with its Growth, Transformation, and Returns (GTR) strategy.”

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Ms Josephine Anan-Ankomah, Managing Director of Ecobank Kenya and Regional Executive for Central, Eastern, and Southern Africa (CESA), said capital reinforcement strengthens its ability to serve as the financial partner of choice for international organizations, regional businesses, SMEs, FinTech’s, and women-led enterprises.

“We will leverage our pan-African payment platform to accelerate innovation and position us as the partner of choice for Fintech and cross-border payments,” said Ms Josephine Anan-Ankomah. “Beyond financing, our focus is on providing businesses with the capital and expertise they need to scale, create jobs, and drive sustainable economic transformation.’’

Reaffirming the bank’s strong commitment to financial inclusion, she announced the launch of the enhanced Ellevate by Ecobank in Kenya, designed to provide financial and non-financial support to a broader range of women entrepreneurs, including those in the informal sector.

With the additional capital injection, Ecobank Kenya is strengthening its capacity to provide greater financing and support to more women entrepreneurs, further driving economic growth and sustainability. Since its launch in Kenya, the Ellevate by Ecobank programme has onboarded over 2,000 women entrepreneurs and provided capacity-building to over 5,000 women nationwide.

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