Bosquet Investments Acquires 21.22% Stake in Ecobank, Marking a Strategic Turning Point for Shareholders

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has confirmed that Bosquet Investments Ltd., the private investment vehicle of former ETI Chairman Alain Nkontchou, has acquired a 21.22% stake in the bank from Nedbank Group Ltd. The deal, announced on August 15, 2025, is subject to regulatory approvals and marks one of the most significant shareholder shifts in the institution’s recent history.

For shareholders, the transaction signals a strong vote of confidence in Ecobank’s Growth, Transformation and Returns strategy. Alain Nkontchou, who has been instrumental in shaping the bank’s profitability during his tenure as Chairman, now emerges as a long-term strategic investor. His track record of leadership and vision reassures investors that the bank’s expansion agenda and shareholder value creation remain intact.

Jeremy Awori, CEO of Ecobank Group, described the deal as a “milestone” that underscores trust in the bank’s performance and future. “Having Alain deepen his stake at this point in our journey is a testament to our resilience, profitability, and potential,” Awori said.

For ETI, the transaction also provides stability at a time of global uncertainty, offering reassurance that its largest new shareholder has an intimate understanding of the bank’s operations and strategic outlook. Shareholders can expect that the alignment between management and a key investor will strengthen governance and accelerate execution of the bank’s long-term objectives.

Nedbank’s exit, after 17 years as a key shareholder, is part of its strategic realignment towards Southern and Eastern Africa. However, Ecobank noted that Nedbank remains a valued commercial partner, suggesting ongoing business ties that will continue to benefit the group.

Market analysts say the deal could bolster confidence in ETI stock, with expectations of renewed focus on pan-African growth opportunities, digital expansion, and stronger returns for investors. With 32 million customers across 35 African countries, Ecobank’s reinforced shareholder base is seen as a catalyst for the next phase of growth.