Emerging Capital Partners

Calpine Corporation is a wholesale power generation company based in Houston, Texas, specializing in electricity generation from natural gas and geothermal resources. Founded in 1984, it operates a diverse fleet of 84 power plants, which includes both natural gas-fired combustion turbines and renewable geothermal steam turbines, with a total generation capacity exceeding 27,000 megawatts. Calpine sells electricity, steam, capacity, renewable energy credits, and ancillary services to a wide range of customers, including utilities, independent electric system operators, municipalities, and retail providers across 21 states and Canada. The company focuses on developing and operating modern, efficient power plants that adhere to environmental standards, positioning itself to address the evolving needs of the energy market, such as the demand for cleaner energy sources and the integration of renewable power into the grid.

Allego delivers charging solutions for electric cars, motorcycles, buses, and trucks to consumers, businesses, and cities. Its end‑to‑end charging solutions simplify the deployment of infrastructure needed by drivers, and its scalable offerings position it as a future partner for businesses and municipalities.

Eranove SA is a prominent player in public service management, focusing on electricity and drinking water production in West Africa. The company generates electricity through hydro-electric dams, thermal power stations, and independent electricity production using combustion turbines. It manages the transmission and distribution of electricity, providing customer services through call centers and commercial channels, while also exporting electricity to neighboring countries such as Ghana, Togo, Benin, Burkina Faso, and Mali on behalf of the Ivorian government. In addition to its electricity operations, Eranove is involved in the production and distribution of potable water in Côte d’Ivoire and Senegal, maintaining water treatment facilities and transport networks. The company also addresses sewage and drainage services and supports remote villages with man-powered pumps. Founded in 2003 and based in Paris, Eranove has undergone a name change from Finagestion SA in 2014, reflecting its commitment to providing sustainable access to essential services in the region.

Zipline designs, manufactures, and operates drones for delivering vital medical products such as vaccines, medicines, and blood. Based in Half Moon Bay, California, Zipline aims to provide instant access to these supplies worldwide.

Inter Africa Transport Forex, established in 2007 and headquartered in Mauritius, specializes in providing comprehensive payment processing solutions tailored for the logistics industry. The company facilitates a range of financial transactions, including online ordering and payment for fuel, cash pay-outs, road tolls, border payments, parking, insurance, mechanical services, and electronic payments. Their services are particularly beneficial for cross-border transport companies, enabling them to manage all necessary en route products and services conveniently from their offices or homes.

Artcaffe Coffee & Bakery Ltd operates a chain of full-service establishments that include bakery and coffee shops, as well as bars and casual dining restaurants. Founded in 2008 and based in Nairobi, Kenya, Artcaffe offers a diverse menu featuring artisanal bread, pastries, cakes, food, coffee, and cocktails. The company focuses on creating a unique dining experience, combining quality food and beverages in a welcoming atmosphere.

Maarifa Education is a private tertiary education holding company focused on enhancing academic quality and access to education across Africa. Founded by an experienced management team, the company aims to provide high-quality, market-relevant tertiary education to over one million Africans within the next 30 years. Since its inception, Maarifa has invested in universities in Uganda and Zambia, collectively serving around 6,000 students. The company is dedicated to acquiring and developing educational institutions to improve capacity, upgrade IT systems, and foster environments that empower students in employment, entrepreneurship, and ethical leadership. With a leadership team that possesses extensive experience in global education, Maarifa Education is committed to transforming the landscape of tertiary education in Africa.

Atlas Bottling Corporation, established in 1995 and headquartered in Rouiba, Algeria, is a prominent beverage bottling company. It operates a single bottling plant, producing and distributing carbonated soft drinks (CSDs) under exclusive agreements with PepsiCo. The company's portfolio includes well-known brands such as Pepsi Cola, Pepsi Max, Mirinda, and 7-Up, making it one of Algeria's leading beverage players. Atlas Bottling provides comprehensive services, including bottling, warehousing, and marketing, catering specifically to the CSD market.

Java House, originally known as Nairobi Java House, is a prominent restaurant chain that commenced operations in 1999 and has expanded to 54 locations across Nairobi, other regions in Kenya, and Uganda as of November 2016. It is recognized as a high-quality, affordable dining destination for Kenya’s growing consumer class, offering exceptional African-grown coffee and a diverse menu that includes international cuisine and freshly prepared foods. The coffee houses serve a variety of Kenyan coffees and teas, along with home-baked bread, burgers, salads, and snacks made from natural ingredients. Java House attracts business professionals during the day and provides a family-friendly environment for social gatherings in the evenings and on weekends. The company has also diversified its offerings by launching Planet Yogurt, the first self-serve frozen yogurt brand in Africa, and a pizza venture called 360 Degrees.

IHS Towers is a prominent independent owner, operator, and developer of shared telecommunications infrastructure, focusing primarily on emerging markets. The company manages over 40,000 towers across 11 countries, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa, and Zambia. IHS Towers primarily serves mobile network operators, providing them with the essential infrastructure needed to deliver wireless voice and data services to their customers. With a significant portion of its revenue generated in Nigeria, the company has established itself as a leader in the telecommunications sector across Sub-Saharan Africa, the Middle East and North Africa, and Latin America.

Finadev Group is a microfinance investment vehicle established in 2010, focusing on the acquisition of microfinance institutions in Benin, Chad, and Guinea. The company specializes in providing financial services, particularly loans, to small and medium enterprises, with a primary emphasis on the informal sector. By offering these financing products, Finadev Group aims to enhance financial inclusion for disadvantaged clients, thereby supporting economic growth and development in the regions it operates.

Wananchi Group Holdings Limited, founded in 2008 and headquartered in Nairobi, Kenya, is a prominent provider of home entertainment and communication services in East Africa. The company serves both residential and corporate customers, offering a range of services that includes high-speed internet via its fiber optic network, DTH satellite pay TV, and original programming for its pay TV channels. In the corporate sector, Wananchi provides voice, video, data, and internet connectivity to enterprises, governments, and media organizations. Additionally, it offers value-added services such as data security, cloud solutions, and web hosting. Wananchi Group is recognized for its commitment to delivering high-quality and affordable services, making it a key player in the region's telecommunications and entertainment industries.

Founded in 2006, Shoresal is an Algerian real estate development company that intends to capitalize on the unmet need in the Algerian office space market by offering an adaptable space for multinational and local companies, a convenient common space, and several parking lots. The company has acquired the right to develop an international standard level office tower consisting of 4,050 square meters in Bab Ezzouar, a prominent Algiers business district.

Finaccess Group is a financial services platform founded in 1997 and headquartered in Morocco. The company specializes in outsourcing services, offering business process outsourcing and call center solutions that provide financial information to businesses. By streamlining operations, Finaccess Group enables its clients to complete tasks efficiently and effectively, enhancing productivity and operational performance.

Thunnus Overseas Group (TOG) is a tuna processing and distribution group with interests in Côte d’Ivoire, Madagascar, and France. TOG currently processes, packages, and sells canned tuna. TOG owns controlling interests in two tuna processing factories in Côte d’Ivoire (Société de Conserveries de Côte d’Ivoire – SCODI – and Pêche & Froid) and a tuna processing factory in Madagascar (Pêche & Froid Ocean Indien). TOG’s key distribution channels include European grocers, the foodservice industry, and Saupiquet, a third-party producer and subsidiary of the Bolton Group.

Oragroup SA is a banking institution that provides a range of personal and business banking services across West and Central Africa. Established in 1988 and headquartered in Lomé, Togo, the company operates under the brand Orabank and has a network of 149 branches in 12 countries, including Benin, Gabon, Guinea, Mauritania, Burkina Faso, Côte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal, and Togo. Oragroup's offerings encompass various financial products, such as savings accounts, term deposits, operating and investment loans, employee loans, money transfer services, foreign currency exchange, and digital banking solutions. Additionally, the bank provides payment services and bancassurance products, catering to both individual and corporate clients.

Salt Investment is a company that specializes in the production and commercialization of salt. It engages in the mining and export of various types of salt, including chemical and deicing salt. By focusing on these specific segments, Salt Investment plays a significant role in the salt industry, catering to diverse market needs both domestically and internationally.

Eranove SA is a prominent player in public service management, focusing on electricity and drinking water production in West Africa. The company generates electricity through hydro-electric dams, thermal power stations, and independent electricity production using combustion turbines. It manages the transmission and distribution of electricity, providing customer services through call centers and commercial channels, while also exporting electricity to neighboring countries such as Ghana, Togo, Benin, Burkina Faso, and Mali on behalf of the Ivorian government. In addition to its electricity operations, Eranove is involved in the production and distribution of potable water in Côte d’Ivoire and Senegal, maintaining water treatment facilities and transport networks. The company also addresses sewage and drainage services and supports remote villages with man-powered pumps. Founded in 2003 and based in Paris, Eranove has undergone a name change from Finagestion SA in 2014, reflecting its commitment to providing sustainable access to essential services in the region.

Blue Financial Services Limited is a micro-finance institution based in Pretoria, South Africa, founded in 2001. It specializes in providing loans and financial services to low-income and financially underserved individuals across Africa. The company offers a variety of loan products including personal, consolidation, short-term, education, home improvement, and business loans, as well as insurance solutions for both corporate and personal needs. Blue Financial Services operates 220 branches in countries such as South Africa, Botswana, Zambia, Uganda, Tanzania, Malawi, Mauritius, Nigeria, and CMA, focusing on formally employed but underbanked individuals to help them achieve their financial goals.

Société d’Articles Hygiéniques is a consumer goods platform. It distributes hygiene products in Tunisia and Algeria.

Orabank Mauritania (formerly BACIM Bank) was set up at the end of 2001 with share capital of 1,000,000,000 ouguiya. Since its acquisition by ECP group this capital has increased continuously, reaching 6,921,350,000 ouguiya in 2012. The bank was recapitalised following the takeover and was renamed 'Orabank Mauritania' on 30 September 2012. 97% of the bank’s share capital is held by ECP and Oragroup SA. Orabank Mauritania has 97 employees and six branches, including three in the capital Nouakchott, one in Nouadhibou (the country’s economic capital), one in Kiffa and one in Néma in the east of the country. Orabank Mauritania is a commercial bank with a customer base made up largely of individuals, self-employed professionals, SMEs, big businesses and local authorities. Thanks to its many banking products, Orabank Mauritania can offer a range of services that have helped it both to retain existing customers and to develop and diversify its customer base. The quality of these services means that the bank can now look to the future with greater confidence.

Cellcom Telecommunications, based in Montreal, is a prominent telecommunications company and the largest franchisee of Bell Canada and Bell Mobility. The company specializes in a wide range of services, including cellular communication, internet services, broadband solutions, and satellite communication. In addition to its focus on personal communications, Cellcom also offers business solutions, catering to various needs in the telecommunications sector. Through its affiliation with Bell, Cellcom plays a significant role in delivering reliable connectivity and advanced technology to both individual consumers and enterprise clients.

Oando PLC is one of Africa's largest integrated energy solutions providers, operating primarily in Nigeria and internationally. Founded in 1956 and headquartered in Lagos, Nigeria, Oando offers a range of services through its subsidiaries, including exploration and production of oil and gas, as well as the supply and trading of crude, refined, and unrefined petroleum products. The company also engages in the storage and distribution of petroleum and gas products, along with logistics support and aviation activities. Oando's business model emphasizes a strong presence in the energy sector, with a significant focus on supply and trading as its primary revenue source. Formerly known as Unipetrol Nigeria Plc, the company rebranded in December 2003 and is a subsidiary of Ocean and Oil Development Partners Limited.

Notore Chemical Industries Plc is a prominent Nigerian company specializing in the manufacture and supply of fertilizers and agro-allied products. As one of the leading fertilizer producers in Africa, Notore focuses on enhancing agricultural productivity through the production of urea, ammonia, and NPK fertilizers. The company operates the largest fertilizer plant in Sub-Saharan Africa, strategically located at the Onne sea port in the Niger Delta, which facilitates efficient distribution along the Atlantic coast. Notore is committed to supporting farmers and farming communities by providing quality fertilizers and education on best agricultural practices, ultimately improving crop yields and the livelihoods of approximately 14 million farming households in Nigeria. Through its operations, Notore aims to contribute significantly to the agricultural sector and champion the African Green Revolution.

GENERAL INSURANCE MEDITERRANEAN - GAM Assurances - is an insurance company practicing insurance of damage in the Algerian market. A joint-stock company, GAM Assurances has a share capital of 2,747,500,000.00 DA, 100% owned by the ECP (Emerging Capital Partners) Africa Fund.

OSEAD Maroc Mining operates as a metal and mining platform. OSEAD is a holding company specialising in the prospecting, exploration and mining of mineral deposits. OSEAD’s main asset is Compagnie Minière de Touissit the second largest private mining operator in Morocco, which mines primarily lead and silver with some zinc.

Intercontinental Bank, established in 1989 and headquartered in Nigeria, is a commercial bank that specializes in a wide range of banking and financial services. The bank offers personal, business, corporate, and institutional banking solutions, including mortgage loans, payroll management, institutional financing, commercial insurance, and wealth management services. Following its acquisition by Access Bank on January 31, 2012, Intercontinental Bank has continued to serve clients in Lagos and beyond, catering to the needs of both individuals and business enterprises.

Teranga Gold Corporation is a Canadian gold mining company focused on the exploration, development, production, and sale of gold primarily in West Africa. Its flagship asset is the Sabodala gold mine, which spans 291 square kilometers and is located in Senegal, alongside a broader exploration land package of 629 square kilometers. Established in 2010 and headquartered in Toronto, Teranga operates additional assets in Burkina Faso and Côte d'Ivoire, positioning itself within some of the most prospective gold belts in the region. The company is dedicated to advancing its mining operations while contributing to the economic development of the communities in which it operates.

Mineral Deposits Limited is an Australian mining company focused on the extraction and processing of mineral sands resources. Established in 1994 and headquartered in Melbourne, the company operates through a 50% interest in TiZir Limited, which oversees the Grande Côte mineral sands operation in Senegal and an ilmenite upgrading facility in Tyssedal, Norway. Mineral Deposits produces a range of products including zircon, titanium minerals such as ilmenite and rutile, as well as high-purity pig iron. The company has been involved in the mineral sands industry since the mid-1990s and has made significant strides in becoming an integrated mineral sands producer, positioning itself for future growth and development in the sector.

Wentworth Resources is an independent energy company with gas production and a committed oil and gas exploration programme in the Rovuma Basin of southern Tanzania and northern Mozambique.

MTN Cote d'Ivoire SA is a leading telecommunications company based in Abidjan, Ivory Coast, providing a wide range of communication services. Founded in 1996 and rebranded in 2005 after the acquisition by MTN International, the company offers fixed and mobile telecommunications, high-speed Internet, and payment solutions. Its mobile services feature various tariff plans, international and roaming offerings, and portable solutions, while its Internet services cater to both residential and mobile users with diverse data packages. MTN Cote d'Ivoire also specializes in mobile money services, facilitating remote payments and bill payments, in addition to offering a variety of call services and social network capabilities. With over 750 employees and a distribution network exceeding 65,000 points of sale, the company is focused on delivering innovative and accessible communication solutions to its customers.

Bank of Africa is a banking institution based in Casablanca, Morocco, established in 1982, initially in Mali. It has grown into a prominent financial group with a presence in 17 countries across Africa and one in France. The network includes eight banks in West Africa—specifically in Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Senegal, and Togo—and seven banks in East Africa and the Indian Ocean, located in Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Tanzania, and Uganda, along with a bank in the Democratic Republic of the Congo. The Bank offers a variety of financial services, including savings and current accounts, loans, insurance, and foreign exchange services through its branches and subsidiaries. Since 2010, the majority ownership of Bank of Africa has been held by BMCE Bank, Morocco's second largest private bank, which provides strategic support and facilitates access to international markets.

Continental Reinsurance is a pan-African reinsurance provider offering life and non-life solutions across multiple markets. It underwrites fire and engineering, general accident, motor and liability, marine and aviation, oil and gas, energy, and both individual and group life products. The company also provides advisory services on reinsurance structuring, actuarial and risk management, product development support, and training for clients in various insurance and reinsurance lines. It serves individuals and businesses across markets such as Nigeria, Cameroon, Abidjan, Tunis, Gaborone, and Kenya. Founded in 1985 and headquartered in Lagos, Nigeria, the firm focuses on delivering risk transfer and related services to its pan-African network.

Spencon International is an East African civil engineering and construction company that offers a range of services focused on infrastructure development. The firm specializes in the construction of buildings, roads, bridges, and water supply and sewage systems. Additionally, it provides engineering solutions for power and transmission infrastructure. Spencon operates across several countries in the region, including Kenya, Uganda, Tanzania, and Zambia, contributing to essential public works and utilities that support economic growth and community development.

Anvil Mining Congo SA is a mining company focused on the exploration and production of copper and silver. Established in 2002 and headquartered in Lubumbashi, Democratic Republic of the Congo, the company operates several key projects, including the Dikulushi copper-cobalt project, the Kinsevere project, and the Mutoshi copper-cobalt project. Anvil Mining is involved in the extraction and processing of copper and associated metals, contributing to the local mining sector through its established operations at Dikulushi, Kulu, and Kinsevere.

Semme Mineral Water Plc is a producer and distributor of mineral water, primarily sourcing its products from the Etindé Mountain spring in Cameroon. Based in Limbe, the company focuses on delivering high-quality bottled water to customers in central Africa. It offers its mineral water in various sizes, including 1.5-liter and 0.5-liter bottles, catering to diverse consumer preferences. Through its operations, Semme Mineral Water aims to provide access to natural and refreshing hydration in the region.

Kosan Crisplant a/s is a Danish company specializing in the manufacture and supply of equipment and systems for the filling and maintenance of liquefied petroleum (LP) gas cylinders. Founded in 1951 and based in Aarhus, the company offers a comprehensive range of products, including cylinder handling and transport equipment, filling and checking systems, reconditioning and finishing tools, as well as storage solutions and piping installations. Additionally, Kosan Crisplant provides electrical installations, data network products, and a variety of services such as spare parts, training, engineering, project management, and after-sales support. The company serves a global clientele across multiple countries, including Algeria, Brazil, India, and the United States, and is recognized for its expertise in the gas industry. Kosan Crisplant a/s was formerly known as Kosan Crisplant LPG until its name change in 2000 and is currently a subsidiary of Al Ayuni Investment and Contracting Company.

Central Africa Health Care Holdings Ltd. operates as a holding company with interest in providing pharmaceutical and healthcare services. It has investments in healthcare and drug manufacturing. The company was incorporated in July 2004 and is headquartered in Cameroon, Nigeria.

Starcomms is a telecommunications company based in Nigeria, primarily serving the metropolitan area of Lagos. It specializes in advanced wireless digital services, offering a range of solutions across various segments. The Voice division provides both mobile and fixed services, available in prepaid and postpaid formats. Its Data segment includes mobile and fixed broadband as well as internet services. Additionally, Starcomms offers Enterprise Solutions, which encompass services such as Virtual Private Network (VPN), bulk SMS, call conferencing, and E1 trunks. The company also features a Value Added Services division, providing offerings like voice SMS, Funbox, Wireless Access Protocol (WAP), Africhat, Afritalk, and social network services. Through these diverse offerings, Starcomms aims to meet the communication needs of its customers in Nigeria.

Société Internationale de Plantations d'Hévéas is a company specializing in the cultivation, harvesting, processing, and marketing of natural rubber primarily for the tire industry. Established in 1905 and headquartered in Courbevoie, France, the company operates extensive rubber plantations across West Africa, with significant holdings in Ivory Coast, Ghana, Nigeria, and Liberia. Specifically, it manages approximately 22,564 hectares in Ivory Coast, 14,735 hectares in Ghana, 14,060 hectares in Nigeria, and 5,809 hectares in Liberia. The company markets its products not only within Africa but also in Europe, Asia, North America, and South Africa, serving a global customer base in the tire manufacturing sector.

DP World Sokhna is a prominent operator of the Sokhna Port located in Suez, Egypt. The company specializes in managing maritime traffic and offers a range of port services, including the handling of container, general cargo, bulk, and livestock shipments. DP World Sokhna's facilities support the transportation of bulk materials across Africa and parts of Europe. In addition to its terminal operations, the company provides comprehensive logistics and warehousing services, which encompass packing and labeling, distribution, customer service, and quality control, among others. This multifaceted approach enables DP World Sokhna to effectively meet the diverse needs of its clients in the maritime and logistics sectors.

Airtel Gabon is a mobile telephone operator that provides a range of telecommunication and mobile network services. The company focuses on delivering integrated wireless solutions, enabling consumers to connect digitally both nationally and internationally. In addition to mobile communication services, Airtel Gabon also offers information technology services and mobile funds transfer and banking solutions, facilitating convenient financial transactions for its users. Through its diverse offerings, Airtel Gabon plays a significant role in enhancing connectivity and promoting digital inclusion in the region.

Veolia Water Maroc optimize resources management. They designs and provides water, waste and energy management solutions which contribute to the development of communities and industries. Veolia helps to develop access to resources, preserve available resources, and to replenish them.

Batim Africa is a company focused on land development and the construction of housing facilities, primarily operating in Côte d'Ivoire, Mali, and Angola. Founded in 1989 and headquartered in Abidjan, Ivory Coast, Batim Africa specializes in providing comprehensive services related to property development and housing construction. The company's expertise in the real estate sector positions it as a key player in addressing housing demands in the regions it serves.

Charaf Corporation, established in 1989 and based in Casablanca, Morocco, specializes in the production, packaging, and distribution of customized fertilizers. The company offers a diverse range of plant nutrition products, including nitrogenous, liquid, and soluble fertilizers, alongside organic growth stimulants and animal feeds. Charaf Corporation serves customers throughout Morocco, focusing on tailored solutions to meet various agricultural needs.

Somdiaa is a manufacturer and distributor of agro-food commodities in Africa, specializing in the production and marketing of various agricultural products. Founded in 1970 and headquartered in Paris, France, the company offers a diverse range of products including brown, golden, white, crystallized, and refined sugars, along with sugar by-products like bagasse and molasses. Somdiaa also produces different types of flours for baking, such as wheat flour, and supplies eggs, chicks, and animal feed. In addition to its product offerings, the company engages in crop and livestock farming services. Somdiaa operates across several countries in Africa, including Cameroon, Gabon, Congo, Ivory Coast, Chad, and the Central African Republic.

Djezzy provides wireless communication services in Algeria and internationally. It offers entertainment and multimedia, voice, messaging, invoice and reloading, and directory services. The company also provides data, mail and mobility, voicemail, call forwarding, hidden call, conference calling, and roaming services.

PanAfrican Energy Tanzania Limited, founded in 1991 and based in Dar es Salaam, is Tanzania's first natural gas producer. The company plays a crucial role in the country's energy landscape by supplying natural gas primarily for power generation at the Ubungo Power Plant. It also serves 38 industrial and commercial customers in the Dar es Salaam area, helping to reduce their operating costs and promote industrial growth. PanAfrican Energy has been instrumental in the development of the Songo Songo gas field, having restored production wells and constructed necessary infrastructure since the early 2000s. The company continues to invest in maintaining production levels through new well drilling and seismic exploration to enhance reserves. In addition to its business activities, PanAfrican Energy is committed to corporate social responsibility, supporting youth education and training programs in local communities, which earned recognition from the Tanzanian government. It employs approximately 80 Tanzanians and prioritizes the use of local suppliers for its services. PanAfrican Energy operates as a subsidiary of Orca Exploration Group Inc.

CELTEL International B.V. was a telecommunications company that provided essential communication services across multiple African countries. Founded by Mo Ibrahim, the company specialized in the development and operation of GSM telephone networks, offering wireless cellphone services to a growing customer base. CELTEL played a significant role in expanding telecommunications infrastructure in Africa, contributing to increased connectivity and communication options in the region.

Foxtrot International is an industrial company in the energy sector that specializes in the exploration and production of gas, oil, and their by-products. Foxtrot International has been working in the Gulf of Guinea for more than ten years and is now the Ivory Coast's leading partner in the operation of hydrocarbon fields in Block CI-27.

Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.