Capital Market
Ecobank Opens 10-Day Window for $250M Capital Raise
Ecobank Transnational Incorporated (ETI) has initiated a private placement offering to raise up to $250 million in Additional Tier 1 capital through contingent convertible notes, aimed at strengthening its financial base and supporting growth across Africa.
The bank disclosed that the capital raise was approved by shareholders during its Extraordinary General Meeting in Lomé, Togo, and the offer was officially launched on July 9, 2025, with a 10-day subscription window.
Read Also:
According to a regulatory filing on the Nigerian Exchange, the transaction is intended to enhance Ecobank’s capital adequacy, improve resilience, and support its long-term expansion plans across its pan-African footprint. Renaissance Capital Africa has been appointed as transaction adviser.
Company Secretary Madibinet Cisse said the planned capital raise is a “critical step” in fortifying the bank’s financial foundation to meet evolving demands and regulatory expectations.
This new fundraising effort follows Ecobank’s recent Eurobond tap of $125 million, which increased the total size of its 2029 notes to $525 million.
-
Apple’s “Campos” AI Chatbot Set to Replace Siri in Major Overhaul
Apple is gearing up for one of the most significant changes to its artificial intelligence strategy in years. The tech giant plans to replace Siri with a fully integrated AI chatbot, codenamed “Campos,” which will be built directly into iPhones, iPads, and Macs later this year. The move signals Apple’s intent to compete more aggressively…
-
Nigerian Exchange Ends Thursday Mixed as Trading Volume Falls
The Nigerian Stock Exchange (NGX) closed Thursday, January 29, 2026, with a modest uptick in its benchmark indices, even as market activity experienced noticeable declines compared to the previous session. By the end of trading, a total of 550,402,871 shares changed hands across 38,635 deals, representing a market value of ₦14.14 billion. This marked a…
-
Access Bank Sets Agenda for Africa Trade Conference 2026
Access Bank Plc has positioned the 2026 Africa Trade Conference (ATC) as a strategic platform to advance Africa’s role in global trade, facilitate policy dialogue, and deepen partnerships between African and international markets. Group CEO Roosevelt Ogbonna said the conference, themed “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact,” will gather leaders…
