Friday, March 14, 2014

Did Ecobank Grow Too Fast?

Ecobank, whose rapid expansion to 35 African countries was considered by some to be the Pan-African Dream, needs to devote as much attention to governance as to growth, its largest shareholder said in a Reuters report in IndependentOnline.

Ecobank CEO, Thierry Tanoh, was ousted by the banks’ board of directors Tuesday, after months of internal division and an investigation into alleged breaches of corporate governance by Nigeria’s Securities and Exchange Commission. There could be

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