Ecobank Transnational Incorporated, ETI the Lomé-based parent company of the Ecobank Group, has announced changes to the composition of its Board and also the resignation of former World Bank Vice President Ms. Arunma Oteh. According to the Bank, Ms. Oteh who is currently an academic scholar at the St. Anthony’s College and Executive-in-Residence at Said Business School, University of Oxford has resigned from the Board to focus on other personal commitments.

The new appointments are Dr. Georges Agyekum Nana Donkor has been appointed as a Non-Executive Director to replace Mr. Bashir Mamman Ifo as the representative of Ecowas Bank for Investment & Development (EBID) on the Board of ETI. Dr. Donkor was recently appointed President of EBID following the retirement of his predecessor Mr. Bashir Ifo. Dr. Donkor is a Lawyer, Banker and Marketing Consultant with over twenty-five years’ experience in Senior Management capacities across several fields such as Finance, Strategic Management, Marketing, Legal, Compliance and Administration.

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The Board also announced the appointment of Mrs. Zanele Monnakgotla as a Non-Executive Director and nominee of the Public Investment Corporation (PIC) of South Africa on the Board. Mrs. Monnakgotla has over 20 years’ public and private sector experience in Structured Finance and Strategy. She is replacing Dr. Daniel Matjila who resigned from the ETI Board when he left his role as Chief Executive Officer of PIC.

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According to the Chairman of the Board of Ecobank Transnational International (ETI) Mr. Emmanuel Ikazoboh, “we must first of all, sincerely express our appreciation to Mr. Ifo and Dr. Matjila for their contributions on the Board and their tireless dedication to the Ecobank Group. We know that they will always remain members of the Ecobank family. As we formally bid them farewell, I do warmly welcome, both Dr. Donkor and Mrs. Monnakgotla and believe that their respective expertise would be most beneficial to the Board.” The Chairman and the Board thank Ms. Oteh for her valuable contributions and extend their very best wishes as she dedicates herself to other commitments.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry