Nigeria’s eTranzact PocketMoni bags AfricaCom, Lead Africa Awards nominations

eTranzact International’s PocketMoni has been nominated for AfricaCom and Lead Africa Awards 2014. The nominations are in the Best Mobile Money Service category. A statement by Ayo Oladimeji, Head of PocketMoni at eTranzact said in addition to expecting more awards, the company is also looking forward to achieving more greatness with its mobile money services.

Nedbank to Acquire a 20 percent Shareholding in Ecobank

Ecobank Transnational Incorporated (ETI) and Nedbank Group Limited (Nedbank Group) jointly announced that Nedbank Group is to acquire a 20 percent shareholding in ETI. Nedbank Group will subscribe in cash for 4,512,618,890 new ETI shares for USD493.4 million. ETI will repay Nedbank’s loan of USD285 million granted to ETI in 2011 out of the subscription