Cameroonian Banker Alain Nkontchou To Acquire Nedbank's 100 Million Ecobank Stake

Alain Nkontchou to acquire Nedbanks 21.2 Ecobank stake for 100 million through Bosquet Investments, becoming the banks largest shareholder.

Nkontchous total Ecobank holding to rise to 24.03, or 5.95 billion shares, after adding Nedbanks 5.25 billion shares.

Nedbank exits West Africa exposure, refocusing capital on Southern African Development Community and East African markets.

Cameroonian multimillionaire banker Alain Nkontchou is set to become Ecobank Transnational Inc. s largest shareholder after agreeing to acquire Nedbank Groups 21.2 percent stake in the lender for 100 million. The deal , to be executed through Nkontchous private investment firm, Bosquet Investments, will mark the end of Nedbanks 17-year partnership with Ecobank.

Nedbank disclosed that the stake, valued at about R1.8 billion 100 million, was classified as a non-current asset held for sale in its August 2025 interim results . The agreement, signed on Aug. 13, still needs regulatory approval but is expected to close before the end of the year.

Before this deal, Nkontchou, the co-founder and managing partner of Enko Capital, already owned 698.7 million Ecobank shares, representing a 2.83 percent stake. Acquiring Nedbanks holding will add another 5.25 billion shares to his name, raising his total to 5.95 billion shares, or 24.03 percent of the bank.