Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group confirms the execution of a purchase agreement between Nedbank Group Ltd. and Bosquet Investments Ltd, for the acquisition of a 21.22% stake in ETI.
Nedbank Group Ltd., South Africa’s fourth-largest bank by assets, has announced its intention to sell its 21.2% stake in Ecobank Transnational Incorporated (BRVM:ETIT, GSE:ETI, NGX:ETI), ending a 17-year strategic partnership that had expanded its footprint across the African continent.
Africa has taken a landmark step toward financial independence with the launch of PAPSSCARD, the continent’s first Pan-African card payment scheme.
Despite macroeconomic headwinds, African startups continued to draw strong investor interest in May 2025, with Egypt taking a dominant lead in deal volume and value.
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