Ecobank reinforces need for economy to diversify

They made this known when Ecobank Capital, the Investment Banking subsidiary of Ecobank Transnational Incorporated (ETI) hosted its maiden conference recently in Lagos.
The team hailed the current agriculture transformation agenda and emphasised the need for Nigeria to continue in its value capture in key soft commodities value chain. On the energy outlook, the need to recalibrate local crude oil funding dynamics was also raised.
The conference themed “Nigerian Economy-Navigating the Headwinds of Oil Prices” brought together business and industry thought leaders to discuss the Nigerian economy and how to navigate through the current headwinds.
The event was attended by domestic and international investors, with the panel speakers including representatives from Helios Capital, Dangote Cement, Nedbank, Qatar National Bank and First-EPDC.
The Group Executive, Corporate and Investment Bank, Charles Kie highlighted the strength of the economy despite the headwinds. He stated that Ecobank is strategically positioned to provide the required support for industry players given the bank’s scale and industry experience.
As closing remark, Managing Director of Ecobank Capital, Moyo Kamgaing, announced that the investment bank recently closed a $1.5 billion landmark deal for Societe Nationale Des Petroles Du Congo (SNPC) for the company’s 5 year capital expenditure program and noted that Ecobank Capital is committed to providing innovative solutions for its clients.