Nedbank to Exit Ecobank After 17-Year Alliance, Shifting Focus to Core Southern and East Africa Markets

Nedbank Group Ltd., South Africa’s fourth-largest bank by assets, has announced plans to divest its 21.2% stake in Ecobank Transnational Incorporated (ETI), officially ending a 17-year-old alliance that once defined its pan-African strategy. The bank said the decision follows a year-long strategic review, marking a pivot toward greater focus on regions it can directly control,

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