09/10/2026
3 bank deals in 3 regions, and every buyer was African.
A Namibian group bid for a South African lender. A Moroccan bank agreed to take over SociΓ©tΓ© GΓ©nΓ©rale's Ghana business. Kenya cleared Nedbank to take control of NCBA. Kenya's own KCB shows the arc: a Calcutta bank's Mombasa branch in 1896, a buyer in Rwanda and the DRC by 2022, a seller to Nigeria's Access Bank last year.
Nedbank paid the tuition: about $500 million for 21.2% of Ecobank, 2 board seats of 14, sold for $100 million. This time it went for control.
If African banks are buying working businesses to skip years of growth, what would you build for one to buy? π
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πΈ Bahnfrend, Bertrand Soubeyrand, Mutisya Maingi (CC BY-SA 4.0, via Wikimedia Commons; slides shared under CC BY-SA) Β· Bank Windhoek (CC BY 4.0, via Wikimedia Commons)