ICICI Bank Ltd Ties Up With Ecobank Transnational Incorporated- Business Line

Business Line reported that ICICI Bank Ltd has entered into a memorandum of understanding (MoU) with Ecobank Transnational Incorporated (Africa). The MoU will involve ICICI Bank and Ecobank collaborating to extend banking services across their combined footprint in India and Africa. India’s trade with Africa has doubled in the past four years. Stronger investment ties are complementing this steady growth in trade with Indian investments in Africa across a range of sectors including oil & gas, pharmaceuticals, petrochemicals, fertilisers, IT and infrastructure.