Nedbank Group’s proposed acquisition of a 66 percent stake in Kenya’s NCBA Group, valued at 13.9 billion rand ($855.5 million), would increase the South African top lender’s exposure to higher-risk African markets, Moody’s has warned.
In a statement on Friday, the global credit rating agenc
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Bunmi Bailey
Bunmi holds a degree in Economics from the University of Lagos and has over eight years of experience in content writing and journalism.
Her career spans roles as a financial and business journalist at BusinessDay Media and TechCabal, and as Head of Research at SBM Intelligence, an Africa-focused market intelligence and strategic consulting firm.
She also served as Editor at Finance in Africa, a subsidiary of Businessfront and is currently Assistant Editor, Finance (Africa), at BusinessDay.
