Nedbank Sells Ecobank Stake to Togolese Lender’s Ex-Chairman

Nedbank CEO Jason Quinn spoke to Bloomberg’s Jennifer Zabasajja in Johannesburg about the proposed sale of its stake in Ecobank.Source: Bloomberg

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By Adelaide Changole

August 15, 2025 at 2:27 AM EDT

Updated on

August 15, 2025 at 5:13 AM EDT

Nedbank Group Ltd. agreed to sell its stake in Ecobank Transnational Inc. to a company controlled by the former chairman of the pan-African lender for $100 million, ending a 17-year alliance.

Johannesburg-based Nedbank will sell its 21.2% stake to Bosquet Investments, which is the private investment vehicle of Alain Nkontchou, the managing partner and co-founder of Enko Capital Management LLP and a former chairman of Ecobank, according to a regulatory filing on Friday.