Alain Nkontchou is acquiring a 100 million stake in Ecobank, becoming the banks largest shareholder with 24.03 percent ownership.
The deal adds 5.25 billion shares to his holdings, raising his total to 5.95 billion shares in the pan-African lender.
Nkontchou, co-founder of Enko Capital and former Ecobank chairman, is expected to play a bigger role in the banks strategy.
Alain Nkontchou , one of Africas most accomplished financiers, has secured a landmark deal that places him at the center of the continents financial industry. The Cameroonian banker, born in Yaound in 1963, is set to become the single largest shareholder in Ecobank Transnational Incorporated, the pan-African banking group headquartered in Lom. Through his investment vehicle, Bosquet Investments Limited, he will acquire a 21.22 percent stake from South Africas Nedbank Group in a transaction worth about R1.8 billion 100 million.
Once approved by regulators, the deal will raise Nkontchous stake in Ecobank to 24.03 percent, equivalent to 5.95 billion shares, an increase from the 698.7 million shares, or 2.83 percent, he already owned. It also cements his role as one of the most influential figures in the banks future, giving him both the financial weight and the institutional knowledge to shape its next chapter.
From Paris classrooms to global financeNkontchous path to this moment is defined by decades of leadership across global banking and African investment. After earning his degree at the cole suprieure de commerce de Paris ESCP, he began his career at Chemical Bank, where he managed cash operations. He quickly rose through the ranks of international finance, becoming Managing Director at Chase Manhattan Bank in 2002 and later holding the same role at JPMorgan Chase Bank and Credit Suisse AG in London.