The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Former Ecobank CEO enters African microfinance

Arnold Ekpe, a mainstay of African banking for the past three decades, has been appointed chair of financial inclusion firm Microcred’s supervisory board.


Arnold Ekpe,

The move is something of a departure for Ekpe. While he has served as the CEO of two full-service pan-African banksEcobank and United Bank for Africa – and most recently proved instrumental to the inception of a third, Atlas Mara, Ekpe had never previously worked in microfinance.

In his first interview since the appointment was publicized, Ekpe tells Euromoney that he was eager to enter microfinance. He had been contemplating ways of moving into that area of finance for several years, and eventually set his sights on Microcred, a firm he says he first became aware of during his time at Ecobank, which he headed from 1996 to 2001 and again from 2005 to 2012.

Microcred ­– founded in 2005 by French entrepreneur Arnaud Ventura, with funding from microfinance backer Positive Planet and other institutional investors – is now active in nine African countries, including Nigeria and Senegal, as well as in China.

It offers financial services to the unbanked and underbanked, focusing primarily on micro, small and medium-sized firms.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree