The Common Wealth Enterprise and Investment Council (CWEIC) has entered into a strategic partnership with Cititrust Holdings plc, with group chief executive Yemi Adefisan welcomed as an honourable member on the CWEIC’s Global Advisory Council.
At the brief virtual inaugural meeting, Adefisan, while stating the impact of the Covid-19 pandemic globally on banking and financial services, said there had been an increase in non-performing loans, but Group planned to reduce the non-performing loans to as low as 5 percent by improving on technology to increase lending and grow clientele base and their businesses.
He thanked the CWEIC Global Advisory Council for the strategic partnership with Cititrust Holding Plc.
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Cititrust Holdings Plc is a pan-African diversified investment holding company established to capitalise on emerging opportunities in the financial services industry. The firm has its subsidiaries across 13 countries in Africa which include Nigeria, Ghana, Benin Republic, South African, Malawi, Kenya, Benin Republic, among others. The firm’s established a reputation for long-term value creation across the economies in Africa is to be the gateway and catalyst for mobilising capital for growth and development.
CWEIC is the Commonwealth’s business network. With over 90 business and government strategic partners from 27 countries and territories, CWEIC has a mandate to facilitate trade and investment throughout the 54 member nations of the Commonwealth. Every two years, it hosts the Commonwealth Business Forum in association with the host country of CHOGM and the Commonwealth Chair-in-Office.
