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Finance
ECOBANK ZAMBIA
Charity Lumpa
Managing Director of EcoBank Zambia
Plot No. 22768 Thabo Mbeki Rd.
PO Box: 30705- Lusaka
Tel: +260-211-250056 / 7
Fax: +260-211-250171
ecobankzm@ecobank.com
Ecobank Zambia is a full-service bank, providing a
broad range of products and services to the govern-
ment, financial institutions, multinationals, interna-
tional organizations, SMEs and individuals. The bank
aims for a balanced business mix of retail, wholesale,
and investment banking activities.
Ecobank Zambia is part of Ecobank Transnational
Incorporated (ETI), a public limited liability company,
established as a bank holding company in 1985 under
a private sector initiative spearheaded by the Federa-
tion of West African Chambers of Commerce and In-
dustry with the support of ECOWAS.
ETI was founded with the objective of creating an
African owned and managed commercial bank and
commenced operations in Togo in March 1988. The
Ecobank Group today has developed into a full-
service regional banking institution employing over
11,000 people at over 746 branches and offices in
29 countries including Zambia. The Ecobank Group
plans to expand into other African countries as well as
create a presence for themselves in the major global
financial centres such as London, Paris, Dubai, and
Beijing, which have substantial and growing trading
links with Africa. Ecobank has already opened a sub-
sidiary office in Paris, and a representative office in
Johannesburg has gained approval to open an office
in Dubai as well.
ETI as a group has two specialized subsidiaries: Eco-
bank Development Corporation (EDC) and eProcess
International (eProcess). EDC was incorporated with
a broad mandate to develop Ecobank’s investment
banking and advisory businesses throughout the
markets within which Ecobank operates. EDC oper-
ates brokerage houses on all 3 stock exchanges in
West Africa and has obtained licences to operate on
2 stock exchanges in Central Africa: the Douala Stock
Exchange in Cameroon and the Libreville Exchange