Ecobank Capital adjudged Best African Research Team in Africa Investor's 2011 Index Series Awards

30 September 2011
Content from a Premium Partner
Ecobank (Lome)
press release

Ecobank Capital, the investment banking arm of the Ecobank Group, was named Africa's Best Research Team in Africa Investor's 2011 Index Series Awards at a prestigious ceremony held recently at the New York Stock Exchange.

The eminent judging panel, which this year included Nicolas Clavel, Chief Investment Officer of Scipion Capital, Dr. Alhaji Tukur, Chairman of the NEPAD Business Group, and Maged Shawkey, former CEO of the Egyptian Stock Exchange, were looking for evidence of the depth and frequency of research and the number of researchers dedicated to African equity coverage, as well as the organization's overall research ethos.

Speaking on behalf of the judging panel, Hubert Danso, Vice Chairman and Chief Executive Officer of Africa Investor, observed:

"In addition to Ecobank's comprehensive research coverage of Africa's main asset classes, we were particularly impressed by their emphasis on bringing under-researched investment opportunities to the attention of global investors."

Commenting on the award, Dele Babade, Group Executive at Ecobank Capital, said:

"I should like to congratulate Paul-Harry Aithnard, our Head of Research, and his team of talented analysts in Africa and Europe, on this tremendous achievement. It is particularly gratifying that our peers within the pan-African investment community have recognized their knowledge and expertise. Ecobank Capital remains committed to providing our institutional clients with quality, insightful research, leveraging our unique Middle Africa vantage point."

Notes to Editors:

About Africa Investor (AI)

Africa Investor is a specialist investment communications firm advising governments, international organizations and businesses on communication strategies for capital market and foreign direct investments in Africa. AI publishes Africa investor, the leading international newsstand magazine for Africa's investment decision makers. Launched in 2007, the AI Index Series Awards are the only international, pan-African awards that recognize and reward the achievements of leading players in Africa's investment community.

About Ecobank Group

Incorporated in Lomé, Togo, Ecobank Transnational Incorporated (ETI) is the parent company of the leading independent regional banking group in Africa. It currently operates in 30 African countries, namely: Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d'Ivoire, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The group also has an affiliate in Paris and representative offices in Dubai, Johannesburg, London and Luanda. ETI is listed on the stock exchanges in Lagos, Accra and the West African Economic and Monetary Union (UEMOA) – the BRVM. The Group has over 10, 000 employees from 35 different countries in over 750 branches. Ecobank is a full-service bank providing wholesale, retail, investment and transactional banking services to governments, financial institutions, multinationals, SMEs and individuals. For more information, please visit: http://www.ecobank.com

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