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Shareholders approve all resolutions at Ecobank Transnational Incorporated (ETI)’s 36th Annual General Meeting and its Extraordinary General Meeting

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Ecobank Transnational Incorporated

Following the General Meetings, the Board of Directors appoints Papa Madiaw Ndiaye as ETI’s new Chairman

LOMÉ, Togo, June 7, 2024/APO Group/ — 

Ecobank Transnational Incorporated (“ETI”) (www.EcoBank.com), the parent company of the Ecobank Group, today held its 36th Annual General Meeting in Lomé, Togo, which was followed by an Extraordinary General Meeting. Shareholders applauded the Group’s strong performance in 2023 with its net revenues exceeding US$2 billion mark for the first time in nearly 10 years. They also noted that this performance was achieved in the face of significant macro-economic headwinds such as high inflationary and interest rate environment, local currency depreciation, and geopolitical tensions.

The Group achieved profit before tax of US$581 million, up 8 per cent from US$540 million in 2022. In constant currency (i.e. excluding the adverse effects of translating local currencies into ETI’s reporting currency the US dollar), the increase in profit before tax is 34 per cent. The Group recorded a record low cost-to-income ratio of 54.9 per cent.

Alain Nkontchou, Chairman, Ecobank Group, said: “2023 was an encouraging year for our Group. Our organisation has shown resilience in a rapidly changing operating environment. The Board is proud of what our employees around the continent and in our affiliates in other regions have achieved, collectively and individually.”

We are confident that our strategy is paving the way for our continued success and growth

Jeremy Awori, Chief Executive Officer, Ecobank Group, commented: “Ecobank delivered a strong performance in 2023, demonstrating the competitive advantages of our resilient, diversified business model and the early results of our new Growth, Transformation and Returns strategy.We demonstrated financial prudence by carefully managing our shareholders’ capital, ensuring customer satisfaction at every touchpoint, and making informed decisions about pricing our assets and liabilities. We are confident that our strategy is paving the way for our continued success and growth.”

The AGM also approved the appointments of Papa Madiaw Ndiaye, Louis Adande and Terence G. Sibiya as Non-Executive Directors succeeding the retiring Directors. Alain Nkontchou, Mfundo Nkuhlu and Hervé Assah stepped down from the Board after completing their terms of office.

Immediately after the General Meetings, the Board of Directors appointed Papa Madiaw Ndiaye as the incoming Chairman of Ecobank Transnational Incorporated. He is taking over from Alain Nkontchou. Papa Ndiaye is the Chief Executive Officer and Founding Partner of AFIG Funds, a leading private equity fund management company focused on Africa. He has a proven track record of leadership and the creation of shareholder value and a deep commitment to Ecobank’s mission and strategic agenda.

Papa Ndiaye, ETI’s new Chairman, said: “I have long admired Ecobank Group’s successful development across Africa, and I am looking forward to working with Jeremy and ETI’s Board to steer the Bank through the next and exciting phase of its journey. With its strong foundation and numerous competitive advantages, I see Ecobank as strongly positioned to accelerate its growth trajectory and play an even greater role in driving the continent’s economic development in this era of rapid technological changes.”

Jeremy added that: “With his strong experience and knowledge, particularly in investing in financial services, Papa Ndiaye’s appointment as ETI’s Chairman is a significant step in reinforcing our position as the leading pan-African banking Group. We are excited about the future under his guidance and look forward to achieving our Growth, Transformation and Returns strategy, while enhancing our service delivery.”

Ecobank has recently implemented its new Growth, Transformation and Returns strategy to create shareholder value and deliver sustainable growth. The strategy’s multiple initiatives and actions include entrenching its leadership position in affiliates in which it has high market shares; transforming its business performance in Nigeria and in subscale markets; solidifying its leadership in Corporate and Investment Banking; growing its Commercial Banking and Consumer Banking businesses; and growing volumes and total value on its payment ecosystem.

The Shareholders approved all the resolutions presented at the AGM, including the Approval of the Accounts, the Appropriation of the Profits, the renewal of mandates of Directors, and the election of Directors.

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

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Aggreko Strengthens Commitment to Nigeria with Appointment of New General Manager

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Aggreko

Greatorex assumed leadership of Aggreko’s Nigeria operations in early June, bringing more than three decades of international experience across the energy, utilities, oil and gas, petrochemical and industrial sectors

LAGOS, Nigeria, July 22, 2026/APO Group/ –Aggreko (https://www.Aggreko.com/en-za), a global leader in energy solutions, has reaffirmed its commitment to Nigeria with the appointment of Nigel Greatorex as General Manager for Nigeria, marking an important milestone in the company’s renewed focus on one of Africa’s most strategically significant energy markets.

 

Greatorex assumed leadership of Aggreko’s Nigeria operations in early June, bringing more than three decades of international experience across the energy, utilities, oil and gas, petrochemical and industrial sectors. His appointment comes as Aggreko accelerates its growth ambitions in Nigeria, strengthening its local presence and expanding its ability to support customers with reliable, flexible and sustainable energy solutions.

Nigeria remains one of Africa’s largest and most dynamic economies, with growing demand for dependable power across industries ranging from oil and gas and manufacturing to mining, infrastructure and commercial operations. As businesses increasingly seek resilient energy solutions that can support both operational continuity and sustainability objectives, Aggreko is positioning itself to play an even greater role in enabling economic growth and industrial development across the country.

Extensive global and African energy experience

Greatorex joins Aggreko from ABB, where he most recently served as Global Industry Business Manager for Carbon Capture and Storage. In that role, he led global strategy and growth initiatives focused on energy transition technologies and decarbonisation. He also brings extensive experience operating across Africa, including Nigeria, giving him a strong understanding of the unique opportunities and challenges facing businesses in the region.

Nigel’s appointment reflects our commitment to investing in leadership and strengthening our presence in the country

Throughout his career, Greatorex has held numerous senior leadership positions, successfully leading business transformations, driving operational excellence and expanding market presence in complex and highly competitive environments.

Investing in local leadership

Commenting on the appointment, Edith Kikonyogo, Managing Director of Aggreko Africa said: “Nigeria is a key part of our growth strategy across Africa. Nigel’s appointment reflects our commitment to investing in leadership and strengthening our presence in the country. His extensive industry experience, proven leadership capabilities and deep understanding of the African energy landscape make him ideally positioned to lead the next phase of our growth in Nigeria.”

Greatorex said he was excited to join Aggreko at a pivotal moment for both the company and the Nigerian market. “Nigeria presents tremendous opportunities for innovation, growth and partnership. I am delighted to be joining Aggreko as the company strengthens its commitment to the country and its customers. Aggreko has a strong reputation for delivering critical energy solutions that help businesses overcome challenges and unlock new opportunities. I look forward to working with our customers, partners and team to build on that legacy and support Nigeria’s continued development.”

A long-term commitment to Nigeria

The appointment underscores Aggreko’s confidence in Nigeria’s long-term economic potential and its commitment to helping organisations navigate evolving energy requirements through flexible, efficient and sustainable power solutions.

As the company continues to expand its footprint in the country, Aggreko remains focused on delivering the expertise, technology and local support needed to help businesses thrive in an increasingly complex energy environment.

Distributed by APO Group on behalf of Aggreko plc.

 

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SPIRO publishes its first Sustainability Report and confirms strong economic, social and climate impact

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SPIRO

The publication provides a comprehensive overview of the environmental, social and economic impact of its operations

DUBAI, United Arab Emirates, July 21, 2026/APO Group/ —

  • Spiro’s inaugural Sustainability Report provides the first comprehensive overview of the environmental, social and economic impact of Spiro’s operations.
  • The company also unveils ambitious objectives and targets net-zero Scope 1 and 2 emissions by 2040 and up to 0.7 million tonnes of CO₂ emissions avoided from product use annually by 2030.

SPIRO (www.Spironet.com), Africa’s leading electric mobility company, today published its inaugural Sustainability Report. The publication provides a comprehensive overview of the environmental, social and economic impact of its operations and aims at establishing a baseline, to track future progress on its path to scale clean transport infrastructure and affordable mobility solutions.

Download Report: https://apo-opa.co/4wPw7VP

 

Having grown up in India, I have witnessed firsthand the impact of vehicle emissions on public health and urban environments. At SPIRO, our responsibility as founders is not only to scale innovation, but to ensure that the systems we build endure economically, socially, and environmentally for generations to come”, said Gagan Gupta, Founder of SPIRO and Chairman of Equitane.

 

“This report reflects how far SPIRO has come—not only in terms of growth, but in our ability to measure and improve our impact. As we expand across Africa, sustainability will remain a core business driver, shaping how we invest, manufacture, innovate and partner for the long term”, highlighted Anant Badjatya, Group Chief Executive Officer, SPIRO.

 

This report reflects how far SPIRO has come—not only in terms of growth, but in our ability to measure and improve our impact

“By establishing our first comprehensive ESG baseline, including Scope 1, 2 and 3 emissions, we are creating the foundations needed to track progress, set measurable targets and strengthen transparency as SPIRO continues to scale across Africa. Sustainability is not a standalone initiative—it is integrated into how we operate, innovate and create long-term value”, said Imtinen Hamlaoui, Head of ESG and Sustainability.

 

Among key highlights :

 

  • As part of its sustainability roadmap, SPIRO completed its first end-to-end greenhouse gas inventory, covering Scope 1, Scope 2 and Scope 3 emissions across its operations and value chain.

 

  • Among others, operational efficiency measures taken last year delivered an estimated 15–25% reduction in energy use at assembly facilities, reinforcing SPIRO’s commitment to continuously improving energy efficiency and reducing the environmental footprint of its operations.

 

  • The report outlines SPIRO’s long-term sustainability roadmap, including its ambition to achieve net-zero Scope 1 and Scope 2 emissions by 2040. As the company expands, its electric mobility ecosystem is projected to help avoid approximately 700,000 tonnes of CO₂ emissions annually by 2030. To further strengthen energy resilience and reduce grid dependency, SPIRO is evaluating the deployment of 80–125 KVA on-site solar solutions across selected battery-swapping stations, while smart energy management initiatives implemented at its assembly facilities have already delivered an estimated 15–25% reduction in energy consumption.

 

  • The report highlights SPIRO’s growing investment in people and local capabilities. Through the Spiro Academy, the company trained more than 4,000 individuals across Africa in 2025 in areas including EV maintenance, battery management and technical operations. Initiatives such as Africa’s first women electric motorcycle assembly line further reinforce SPIRO’s commitment to skills development, workforce inclusion and local industrial growth.

 

  • Beyond environmental performance, the report underlines the growing economic benefits of electric mobility. Commercial riders using SPIRO motorcycles reduce operating costs by 70–80% compared with petrol-powered alternatives, while benefiting from lower maintenance costs and reduced exposure to fuel price volatility.

 

Download (https://apo-opa.co/4ptV32MSPIRO First Sustainability Report

Distributed by APO Group on behalf of Spiro.

 

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eWAKA Co-Founder and Chief Executive Officer (CEO) Selected as a 2026 Cartier Women’s Initiative Fellow

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eWAKA

eWAKA Joins the Cartier Women’s Initiative to Accelerate Africa’s Transition to Clean Mobility

NAIROBI, Kenya, July 21, 2026/APO Group/ –eWAKA (www.eWAKA.tech) today announced the company’s Co-founder and CEO, Céleste Tchetgen Vogel, has been selected as a 2026 Cartier Women’s Initiative Fellow. Vogel was recognized for her work to electrify Africa’s last mile, giving riders clean vehicles they can own and a better way to earn. Chosen from applicants around the world, Vogel represents the Anglophone and Lusophone Africa category of the 2026 Cartier Women’s Initiative Awards, which celebrate women entrepreneurs using business as a force for positive change.

 

eWAKA is an early-stage company with a clear ambition: to make Africa’s last mile clean, affordable, and within reach of the people who move it. Today it provides electric motorcycles and cargo bikes, financing that lets riders own their vehicles affordably, and charging and battery-swap to keep them moving. It coordinates deliveries and fleet operations through its own software. It aims to grow this into a managed electric delivery network, where businesses get reliable, lower-cost delivery and riders earn a steady living. Operating in Kenya and Rwanda, eWAKA is actively expanding into Burundi and the Democratic Republic of Congo, demonstrating its confidence in regional growth and impact.

 

eWAKA at a Glance

 

  • Nearly 1,500 active riders in Kenya and Rwanda
  • More than one million deliveries completed, up by over 80,000 on the prior year
  • More than 550 vendors onboarded onto the company’s merchant ordering platform
  • Approximately Ksh 25 million (about US$190,000 or CHF 150,000) earned by riders, up more than Ksh 6 million on the prior year
  • More than 1,500 jobs were created, with over 85% of riders aged 18 to 30
  • More than 3000 metric tons of CO₂ emissions avoided through clean mobility operations
  • Woman-founded and woman-led, with women working as riders, vendors, and agents across the network

 

We are delighted to welcome Céleste Tchetgen Vogel to the Cartier Women’s Initiative community

By bringing electric vehicles, financing, and software together in a single operation, eWAKA is building a model it can carry from one city to the next, so that each new market means more riders earning, more businesses served, and cleaner air to breathe. The company’s early backers include the Swiss State Secretariat for Economic Affairs (SECO), through its Start-up Fund, alongside impact investors and development finance partners.

 

eWAKA Co-founder and CEO Céleste Tchetgen Vogel said, “Mobility should open doors, not close them. When a rider can own a clean vehicle and earn a living with it, a whole family moves forward, and the city breathes a little easier. That is the future eWAKA is building, one electric mile at a time. To be welcomed into the Cartier Women’s Initiative, in its twentieth year, tells us the path is real, and gives us the resolve to walk it much further.”

 

eWAKA is building Africa’s next-generation electric mobility platform, operating in Kenya and Rwanda and expanding into Burundi and the Democratic Republic of Congo. Originally from Cameroon, Vogel is an African entrepreneur who co-founded eWAKA in 2021 after a career in senior legal and executive roles at Credit Suisse, ABB, and Swiss Re. She holds a degree in economics and international relations from Ohio Wesleyan University and a law degree from Northwestern University’s Pritzker School of Law, both in the United States. She was named among the Most Influential Women in Mobility in 2024 and to the Meaningful Business 100 in 2025. eWAKA works with ETH Zurich as a technical partner on battery and fleet data.

 

Cartier Women’s Initiative Director Kiyo Taga-Witkin commented, “We are delighted to welcome Céleste Tchetgen Vogel to the Cartier Women’s Initiative community. Through eWAKA, she exemplifies how entrepreneurship can drive meaningful, positive change. We look forward to supporting her journey and celebrating the impact she is creating.”

 

The Cartier Women’s Initiative is an international entrepreneurship program established in 2006 to support women impact entrepreneurs who are building a more inclusive society for generations to come. Since its inception, the program has been dedicated to identifying and accompanying women whose businesses address the world’s most pressing social and environmental challenges. Through a comprehensive approach combining financial support, access to a global network, and tailored leadership development, the Cartier Women’s Initiative enables fellows to scale their businesses while strengthening their capacity to lead and create lasting impact.

 

Over the years, the initiative has grown into a vibrant international community of more than 520 community members, united by a shared ambition to drive meaningful change within their respective ecosystems. At its core, the Cartier Women’s Initiative is guided by a set of enduring convictions: the belief that women are powerful agents of transformation, that talent is universal, while opportunities are not, that continuous learning is essential to progress, and that sustainable impact is rooted in a deep commitment to the communities it serves.

Distributed by APO Group on behalf of eWAKA.

 

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