Ecobank announces new appointments and changes on its board

Two new appointments and changes have been made on the Board of Directors for Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of Ecobank Group

One of the appointees, Dr Georges Agyekum Nana Donkor has now been appointed as a Non-Executive Director to replace Mr Bashir Mamman Ifo as the representative of Ecowas Bank for Investment & Development (EBID) on the Board of ETI.


dr. georges agyekum nana donkor

Dr. Georges Agyekum Nana Donkor

Dr Donkor was recently appointed President of Earnings Before Interest and Depreciation, (EBID) after his predecessor Mr Bashir Ifo proceeded on retirement.

In terms of the level of expertise, Dr Donkor is a Lawyer, Banker and Marketing Consultant with over twenty-five years’ experience in Senior Management capacities across numerous fields such as Finance, Strategic Management, Marketing, Legal, Compliance and Administration.

In addition to the appointees, the second is in the person of Mrs Zanele Monnakgotla, a Non-Executive Director and nominee of the Public Investment Corporation (PIC) of South Africa on the Board.



Mrs Zanele Monnakgotla

In the area of Banking, Mrs Monnakgotla has over 20 years’ experience in both public and private sector Structured Finance and Strategy.

Coming on board, she is replacing Dr Daniel Matjila who resigned from the ETI Board as Chief Executive Officer of PIC.

Chairman of the Board of ETI, Mr Emmanuel Ikazoboh in his speech about the changes said:

“We must first of all, sincerely express our appreciation to Mr. Ifo and Dr. Matjila for their contributions on the Board and their tireless dedication to the Ecobank Group. We know that they will always remain members of the Ecobank family. As we formally bid them farewell, I do warmly welcome, both Dr. Donkor and Mrs. Monnakgotla and believe that their respective expertise would be most beneficial to the Board.”

The Board of ETI further notified that Ms Arunma Oteh who is currently an academic scholar at the St. Anthony’s College and Executive-in-Residence at Said Business School, University of Oxford has also made her resignation known to focus on other personal commitments.

As a result, Chairman of ETI and the Board have thanked Ms Oteh for her valuable contributions and extended to her, best wishes as she focuses on other commitments.