Ecobank ETI EGM: Key Governance Changes Approved 2026

Ecobank Transnational Incorporated (ETI) convened an Extraordinary General Meeting (EGM) on 13 August 2026, at which shareholders approved amendments to the company's Articles of Association following a periodic review of its governance framework.

Four specific changes were approved. First, the General Meeting quorum requirement has been revised from a 20-shareholder threshold to shareholders representing at least 25% of the paid-up share capital. Second, the maximum size of the Board of Directors will be reduced from 15 to 12 directors. Third, the existing tenure cap for non-executive directors has been removed, though the mandatory retirement age of 70 remains in place; directors will continue to stand for election or re-election by shareholders. Fourth, the Board meeting quorum has been raised from a minimum of three directors to more than half of all serving directors.

ETI noted that the amendments will be implemented as and when appropriate and subject to all applicable laws and orders. The company is a pan-African banking group present in 34 sub-Saharan African countries, as well as France, the UK, UAE, and China, serving over 30 million customers.