×
The Standard e-Paper
Smart Minds Choose Us
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
By Jackson Okoth
Nairobi, Kenya: Ecobank Kenya has received a Sh2.1 billion ($25 million) capital injection from its parent company and majority shareholder Ecobank Transnational Incorporated (ETI). This is the second cash support to Ecobank Kenya by ETI after a similar one was done in May, last year. After acquisition of East African Building Society (EABS), Ecobank has been cleaning its balance sheet to clear all non-performing loans. While delays within the court system have frustrated its efforts to recover some of the outstanding debts, financial support from the parent firm has kept Ecobank Kenya on the financial radar.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join