Cameroonian banker Alain Nkontchou to acquire Nedbank’s $100 million Ecobank stake
The deal, to be executed through Nkontchou’s private investment firm, Bosquet Investments, will mark the end of Nedbank’s 17-year partnership with Ecobank.
Nedbank
New South African fintech millionaires minted in $94-million Nedbank-iKhokha buy
iKhokha’s trio of founders stand to pocket millions as Nedbank snaps up the decade-old fintech in a $94 million deal.
South African banker Jason Quinn-led Nedbank to offload Ecobank shares worth over $100 million
The South African bank confirmed that the stake, classified under IFRS 5 as a non-current asset held for sale, has a market value of R1.9 billion ($105.8 million).
Nedbank CIB's Zakhele Mayisa spearheads efforts to close Africa’s $100-billion infrastructure funding gap
The African Continental Free Trade Area (AfCFTA) could transform Africa’s economy, but a $100-billion annual infrastructure gap remains a hurdle.
Banker John Quinn drives Nedbank’s Africa expansion amid 69-percent debt deal surge
Nedbank is reorganizing its investment banking unit to target Africa’s growing debt market.
South African banker Mike Davis receives $1.4-million salary from Nedbank in 2022
Davis, a leading South African banker and executive ranks as one of the country’s most affluent executives.
Mfundo Nkuhlu: Visionary South African executive with $4-million stake in Nedbank
What truly sets Nkuhlu apart is his keen acumen for business in emerging economies, corporate governance, and stakeholder management.
South African businessman Mfundo Nkuhlu receives salary of $1.9 million from Nedbank in 2021
Nkuhlu owns a beneficial 0.043-percent stake in Nedbank, valued at $3.29 million.
Mike Brown’s Nedbank expects mid-year earnings to more than double
The leading South African bank made the disclosure in a voluntary trading update on the Johannesburg bourse.