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Finance in Africa
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Moody’s backs South African Nedbank’s Ecobank exit in strategy overhaul
https://financeinafrica.com/news/moodys-backs-nedbanks-ecobank-sale/
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Moody's has described Nedbank Group Limited’s planned divestment of its 21.2% stake in Ecobank Transnational Incorporated (ETI) as credit positive, saying the move will allow the South African lender to sharpen its focus on more profitable markets.
