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Nedbank Plans To Sell Ecobank Stake As It Resets Africa Strategy

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Guest: Mfundo Nkuhlu, Nedbank COO

Ecobank Transnational’s biggest shareholder plans to sell its stake in the pan-African lender as South Africa’s fourth-biggest bank by assets narrows its focus on the continent.
Nedbank will sell its 21.2% holding in Togo-based Ecobank, marking the end of a 17-year strategic alliance that enabled the Johannesburg-based lender to expand its footprint beyond southern Africa.

5 Aug 12PM English South Africa Business News · Investing

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