Nedbank, South Africa's fourth-largest banking group has been searching for growth in the rest of Africa for quite some time. Its partnership association with Ecobank could become more material during the course of this year. And in the meantime, it has taken up a minority stake in Mozambique's Banco Unico. Deal Flow's Erika Van Der Merwe talks to Nedbank's Chief operating officer Graham Dempster about the rationale of this deal, and the banking group's longer-term plans.
