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flag Nedbank sells Ecobank stake to Bosquet Investments for $100M, focusing on regional banking.

flag South African bank Nedbank is selling its 21.2% stake in pan-African lender Ecobank to Bosquet Investments, owned by financier Alain Nkontchou, for $100 million. flag This sale, expected to complete by the end of 2025 with regulatory approvals, aims to address regulatory uncertainties and allow Nedbank to focus on Southern and East Africa. flag Ecobank's CEO assured that this move will not impact the bank's long-term growth plans.

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