Ecobank Kenya has raised its capital base by Ksh 3.5 billion, a move aimed at strengthening its ability to support businesses across East Africa. This increase brings the bank closer to meeting the Ksh 10 billion capital requirement by 2029, enabling it to expand its services to more enterprises in the region.
According to Ecobank Group Chief Executive Officer Jeremy Awori, the capital boost will enhance regional trade and financial inclusion.
“Kenya is a strategic market for the Ecobank Group and a key economic hub driving growth across East Africa. This capital reinforcement supports Ecobank Kenya’s ability to seize new business opportunities and deliver long-term value for stakeholders—all in alignment with our Growth, Transformation, and Returns (GTR) strategy,” said Awori.
The additional capital will be channeled towards financing key economic sectors, including small and medium enterprises (SMEs), financial technology (FinTech) companies, and women-led businesses. Industries set to benefit include agriculture, manufacturing, ICT and innovation, payments and remittances, and tourism and hospitality.
Josephine Anan-Ankomah, Managing Director of Ecobank Kenya and Regional Executive for Central, Eastern, and Southern Africa (CESA), emphasized the bank’s commitment to becoming a financial partner of choice in the region.
“This capital reinforcement strengthens our ability to serve as the financial partner of choice for international organizations, regional businesses, SMEs, FinTechs, and women-led enterprises, while further cementing our leadership in regional trade and payments across Central, Eastern, and Southern Africa,” said Anan-Ankomah.
Beyond traditional sectors, Ecobank Kenya is also targeting emerging industries such as green energy, transport and logistics, healthcare, and retail trade. These sectors are essential for sustainable development in Kenya and the wider East African region.
With this capital injection, Ecobank Kenya aims to enhance its role in fostering economic growth and regional trade, while also driving financial inclusion among underserved communities. The move aligns with the lender’s broader strategy of growth and transformation, ensuring it remains a key player in East Africa’s evolving financial landscape.
