Ecobank Kenya has taken a decisive step toward strengthening its market position with a KES3.5 billion (US$27 million) capital boost, elevating its total capital base to KES8.5 billion (US$65 million). 

The Pan-African lender said this move not only advances it toward meeting Kenya’s recently set KES10 billion regulatory requirement by 2029 but also signals its ambition to drive economic growth across the region.

"This capital reinforcement supports Ecobank Kenya’s ability to seize new business opportunities and deliver long-term value for stakeholders—all in alignment with our Growth, Transformation, and Returns (GTR) strategy," noted Jeremy Awori, Group CEO of Ecobank Transnational Incorporated.

Josephine Anan-Ankomah, Managing Director of Ecobank Kenya and Regional Executive for Central, Eastern, and Southern Africa (CESA), added: "This capital reinforcement strengthens our ability to serve as the financial partner of choice for international organizations, regional businesses, SMEs, FinTech’s, and women-led enterprises, while further cementing our leadership in regional trade and payments across Central, Eastern, and Southern Africa."

The fresh capital will empower Ecobank Kenya to expand its support for key economic players, including SMEs, FinTech innovators, and women-led enterprises, while deepening its footprint in critical sectors such as agriculture, manufacturing, and digital payments. 

Additionally, the bank is poised to catalyze emerging industries such as green energy, healthcare, and logistics—aligning its growth strategy with Kenya’s Vision 2030 and broader sustainable development goals.

By leveraging its Pan-African network, Ecobank Kenya said it will now be well-positioned to facilitate regional trade and enhance financial inclusion, reinforcing its role as a catalyst for East Africa’s economic transformation. 

"Kenya is a strategic market for the Ecobank Group and a key economic hub driving growth across East Africa," noted Awori.

This capital infusion underscores the bank’s commitment to scalability, innovation, and long-term impact—proving it is not just preparing for regulatory compliance but actively shaping the future of banking in the region.

" We will leverage our Pan-African payment platform to accelerate innovation and position us as the partner of choice for Fintech and cross-border payments. Beyond financing, our focus is on providing businesses with the capital and expertise they need to scale, create jobs, and drive sustainable economic transformation," explained Josephine Anan-Ankomah.

Reaffirming the bank’s strong commitment to financial inclusion, Josephine announced the launch of the enhanced Ellevate by Ecobank in Kenya, which is designed to provide financial and non-financial support to a broader range of women entrepreneurs, including those in the informal sector. 

Since its launch in Kenya, the Ellevate by Ecobank programme has onboarded over 2,000 women entrepreneurs and provided capacity-building to over 5,000 women nationwide.

[email protected]