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The bank changed its name to Ecobank Kenya Limited to reflect the new shareholding. Later, it increased its shareholding in the bank, to 95.67% as at 3 July 2013. As of December 2013 [update] , Ecobank Kenya had total assets valued at approximately KES:36.9 billion (US$427.6 million), with shareholders' equity of about KES:3.39 billion (US$39.3 ...
The bank was founded in 1888, in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa"). [4] In August that year, the bank opened an agency in Church Street, Pretoria, South Africa with its mission being to provide credit and banking in and with South Africa. [4]: 69
The bank began operations in Uganda on 19 January 2009 as a full-service bank. It provides wholesale, retail, investment, and transaction banking services and products to governments, financial institutions, multinationals, international organizations, businesses, and individuals.
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At Ecobank Uganda she replaced Annette Kihuguru, an executive director at the bank, who had been acting as the managing director since July 2020. Kihuguru retired after a 30-year career in banking. Muliisa's appointment was subject to the approval of the Bank of Uganda, the central bank and national banking regulator.
Zimswitch, operated by Zimswitch Technologies Private Limited, is a Zimbabwean third-party transaction-acquiring business launched in 1994. Zimswitch is affiliated with 19 commercial banks and two building societies which operate a network of 2900 point-of-sale terminals and 393 automated teller machines throughout Zimbabwe.
In 2020, BBK whose shares of stock are listed on the Nairobi Stock Exchange, rebranded to Absa Bank Kenya, with Jeremy Awori at the helm. [6] He retired from Absa Bank Kenya on 31 October 2022 and took up a new position at Ecobank Transnational as director and Group CEO, based in Lome, Togo. [7] [8]
Strive Masiyiwa was born in Zimbabwe, on 29 January 1961. When he was seven, his family left the country after Prime Minister Ian Smith's government declared a Unilateral Declaration of Independence from the United Kingdom. [6]