Ecobank: 40 years of pan-African success

Founded a quarter of a century after African countries gained independence, Ecobank emerged at a time when banking across the continent was still largely dominated by former colonial powers. Leaders from English-, Portuguese-, and French-speaking chambers of commerce, together with the Ecowas Fund, brought together 70 visionaries from Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Liberia, Mali, Nigeria, Senegal, Sierra Leone, and Togo to establish a bank run by Africans, for Africans.

The anniversary celebrations paid warm tribute to the founding fathers. Togolese Koffi Gervais Djondo, one of the giants of African banking, was present at the gala dinner alongside the late Nigerian Adeyemi O. Lawson. Together, with the support of West African presidents, the Ecowas Fund, and entrepreneurs from ten countries, they realised a dream that once seemed impossible.

Ecobank's story is one of exceptional success despite inevitable challenges. The anniversary brought together former and current presidents, managing directors, directors, and senior executives who have shaped the bank into an institution that inspires pride across Africa. Today, Ecobank operates in 38 countries, with a growing presence internationally.

Since its inception, Ecobank has set a benchmark for pan-African banking. Its pioneering model has inspired banks in Morocco and Nigeria to follow a similar path, highlighting the need for large, continental banks to support sustainable development in Africa.

Africa is our strategy

Ecobank aims to be among the top three to five banks in each country where it operates. While it has achieved this in several markets, much remains to be done. The bank has navigated numerous obstacles, thanks to the leadership of its executives and the support of its shareholders.

Certain markets, such as Nigeria, continue to present challenges. Yet the unwavering faith of Ecobank's leaders in Africa's future provides a beacon of hope. The celebrations allowed friends and colleagues to reunite, share memories, and reflect on the journey of the past four decades. The evening was marked by joy, laughter, and dancing that lasted well into the night.

Koffi Gervais Djondo, seated, joined by Papa Madiaw Ndiaye.

One of Ecobank's guiding principles is, 'We don't have a strategy for Africa; Africa is our strategy.' Today, the bank is modern, digital, and connected. All subsidiaries joined in celebrating the milestone, a testament to the vision of the founding fathers realised by thousands of dedicated 'Ecobankers'.

Tribute from Togo

Komi Selom Klassou, President of the National Assembly of Togo, paid tribute to the bank, noting, "We are celebrating 40 years of the Ecobank Group, an institution that embodies excellence and innovation. Forty years! In anniversary terms, this is the Emerald Anniversary, a precious stone symbolising wisdom, hope, and longevity."

He added, "We celebrate the fruitful union between the Ecobank Group and the Togolese Republic, built on promises and sustained collaboration. Ecobank has established itself not only as a cornerstone of African banking but also as a recognised force on the international stage. Lomé has become a major financial hub with institutions such as BOAD, BIDC, and Oragroup, thanks to visionary leadership."

Klassou concluded, "The Ecobank Group's success is the result of the dedication of its leaders and staff, who have adapted to the constant challenges of a rapidly changing world. Through professionalism and commitment, they continue to weave this remarkable story. The progress is admirable, and the prospects are exciting. Ecobank has proven that the impossible can become reality when driven by a clear vision and unwavering determination. Let us continue to dream big and champion Africa."