Finance

International funds sent to your African bank ever got lost? Ecofin Agency is calling for your testimony  

Friday, 25 January 2019 15:46
International funds sent to your African bank ever got lost? Ecofin Agency is calling for your testimony  

(Ecofin Agency) - The quality of international banking services toward African countries has never been impeccable but, for some months now, it seems that the glitches are growing.

Those glitches are not always the fault of receiving African banks because the chain has many intermediaries.

From transfer that takes weeks to reach destinations to transfer fees that are sometimes 10X higher depending on the banks, Our agency experiences it daily.

There are even funds that simply disappear. For instance, €381 sent on October 8, 2018, via Crédit Suisse to SCB Cameroun has not yet reached the destination. Another €1,799 sent from Crédit Suisse to Banque Atlantique Côte d’Ivoire on December 21, 2018, never reached the destination.

In those two cases, the sender, as well as the receiving banks, claim no responsibility and, the client’s only option is to pay the sender bank for research that could determine where the fund was blocked.

To measure the extent and frequency of such incidents, we are inviting our readers who use African banks to reach out to us if they have experienced such things by providing the details (sender bank, receiving bank, dates, funds and eventually, the steps taken to solve the issue)

Testimonies can be sent to enquete@agenceecofin.com. They will be processed with attention and a summary as accurate as possible will be made.

Ecofin Agency thanks all those who will participate in advance.



 
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Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

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REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



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Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

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Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

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