5, August 2017
ECOBANK rules out leaving Cameroon 0
Media reports in Cameroon recently hinted of an imminent departure of Ecobank. Messages both audio and written circulated on social networks, appealing to customers of the bank to withdraw their savings before it was “too late”.
The rumor came following a statement from the bank, some ten days ago, announcing the reduction of its staff and the closure of some of its agencies. A strategy already in place in Western Europe and the US aimed to reduce crowding while leveraging evolving digital channels to expand services.
The management of the bank has issued another statement signed this time around by its general manager, Gwendoline Abunaw. The GM in the press release noted that Ecobank is committed to deliver cost-effective, convenient and flexible banking.
Said Gwendoline Abunaw, “We want to tell all our customers that Ecobank continues to attach great importance to its activities in Cameroon. For the last sixteen years, we have been working to expand our business and increase the number of our customers, and we have become the fourth largest bank in the country.
Ecobank is a modern, pan-African, forward-looking bank committed to using digital technology – in our case, mobile banking – to deliver cost-effective, convenient and flexible banking solutions to its customers.
While we are committed to rolling out our digital strategy, we continue to offer our services in our agencies, ATMs and cash points in nine of the country’s ten regions. We would like to sincerely thank our customers for their loyalty. ”
By Sonne Peter with files from Cameroon Info.Net
























5, August 2017
Kagame seals victory in Rwandan presidential election 0
Rwanda’s incumbent leader Paul Kagame has sealed a crushing victory in presidential elections that granted him a third term in office, extending his 17 years in power. Kagame has won international plaudits for presiding over a peaceful and rapid economic recovery in the Central African nation since the 1994 genocide, when an estimated 800,000 people Tutsis and moderate Hutus were killed.
But he has also faced mounting censure for what critics and rights groups say are widespread human rights abuses, a muzzling of independent media and suppression of political opposition. With 80 percent of votes accounted for, the 59-year-old former guerrilla leader secured 98.66 percent, the National Electoral Commission’s Executive secretary Charles Munyaneza told a news conference.
“We expect that even if we get 100 percent of votes, there will not be any change,” he said. The board expected turnout to top 90 percent in the East African country of 12 million citizens once full details emerged, in elections that fielded only a single opposition candidate, Frank Habineza, and an independent.
Kagame, who cast his vote in Kigali’s Rugunga polling station on Friday, said he would work to sustain economic growth in the tiny nation.
“This is another seven years to take care of issues that affect Rwandans and ensure that we become real Rwandans who are (economically) developing,” he said in a speech broadcast live on television. He won the last election in 2010 with 93 percent of the vote and during this campaign for a further seven-year term, said he expected an outright victory.
(Source: Reuters)