Wednesday, March 12, 2014

Ecobank board asks CEO to step down after months of turmoil

[caption id="attachment_413720" align="alignnone" width="509" caption="Former Ecobank CEO Thierry Tanoh"][/caption]

The board of Ecobank removed its chief executive, Thierry Tanoh, on Tuesday following months of turmoil at one of the biggest financial institutions in sub-Saharan Africa. The crisis over corporate governance and leadership that led to Tanoh's departure is seen as a test case for regulators and has put a spotlight on the integrity of financial institutions on a continent where

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