Musa Capital

Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.

Mafori Finance (Pty) Ltd. provides personal loans for the residents of South Africa.

CAL Bank provides a range of banking and financial solutions to large corporations, small and medium-sized enterprises, public sector institutions, and retail customers in Ghana. It operates through five segments: Corporate Banking, Retail & Business Banking, Treasury, Brokerage, and Asset Management.

I-Com provides integrated business solutions that include a wide spectrum of information technology services. Including custom software development and provision of quality hardware.

Trans Africa Ventures is a diversified mining services company which offers support services to a wide spectrum of customers including contract mining and logistics management involved in such activities as crushing and the transportation of acid, copper, fuel and lime across the copper value chain, including acid transportation, liquid explosives and copper haulage.

Swanib Cables, a significant cable distributor.

Sonatel SA, together with its subsidiaries, provides telecommunications services in Senegal, Mali, Guinea Bissau, Guinea, and Sierra Leone. It offers fixed line, mobile, Internet, television, voice, mobile money, and data services to individuals and businesses. The company was founded in 1985 and is headquartered in Dakar, Senegal.

MTN Group Limited operates in the telecommunications industry. It offers voice, data, access, virtual private network, and cloud solutions. The company also provides digital services, such as mobile money account; and entertainment services, including MTN Music and Play. As of December 31, 2017, the company had 217.2 million subscribers in 24 countries in Africa and the Middle East. MTN Group Limited was founded in 1994 and is headquartered in Johannesburg, South Africa.

African Frontier Holdings is a diversified consumer goods group which focuses on the food industry.

Masese Fish Packers Ltd. produces freshwater and marine fish and fish products. The company produces, processes, and exports frozen and chilled fishes, meat and dairy products, breaded products, fish balls, sausages, hamburgers, and smoked fish. The company was formerly known as Masese Fisheries Ltd.

Matlapeng Housing is a property development company that has contracts to develop houses for mining houses throughout the mining regions in South Africa. The Group also builds and manages rental stock for low to middle income housing throughout growing urban and semi-urban regions of South Africa.

Abacus Financial Services provides access to finance for a range of housing related products for members of Retirement funds, who are able to afford monthly loan repayments. Our primary focus is to provide housing loans backed by members’ retirement savings as collateral. Abacus Financial Services are passionate about providing value-added services and have partnered with SETA-accredited companies that provide Borrower-education services, to assist our clients to maintain healthy credit lives.

UBA Group provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally. The company operates through Corporate Banking, Retail/Commercial Banking, and Treasury and Financial Markets segments.