LIBREVILLE, Gabon — In a significant development for the financial sector in Africa, Claude Owona Ekoto, a Cameroonian expert, has been appointed as the Regional Director for Industry for the Financial Institutions Group (FIG) within the Société Financière Internationale (SFI/IFC), a branch of the World Bank Group focused on the private sector. Ekoto’s role will encompass overseeing operations and strategy for the IFC in financial institutions across Central and West Africa, with a particular focus on expanding access to financing for small and medium-sized enterprises (SMEs), farmers, and women entrepreneurs.
The appointment comes at a critical time when the region grapples with a credit deficit for local businesses, particularly within the Central African Economic and Monetary Community (Cemac). Ekoto brings over two decades of experience in treasury management, commercial banking, and development financing to her new position. She has previously held senior roles at Société Générale and HSBC, and was already serving as the Principal Investment Officer at the SFI prior to her promotion.
Ekoto’s strategic appointment is expected to enhance the IFC’s efforts in supporting private sector development and contributing to the economic growth of the region. Her focus on financing for SMEs and women entrepreneurs is particularly timely, as African nations increasingly turn to private capital to bridge financing gaps for essential infrastructure projects.
As Ekoto assumes her new role, the African financial community will be closely monitoring her efforts to address the region’s financial challenges and contribute to the broader objectives of sustainable development. Her appointment is a testament to her expertise and commitment to the development of African economies, and it is anticipated that her leadership will foster innovation and collaboration between financial institutions, governments, and the private sector to promote inclusive economic growth.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Agpgabon
Source: Redaction
