Zenith Bank Plans Ivory Coast Expansion in Africa Growth Push

Zenith Bank Plans Ivory Coast Expansion in Africa Growth Push

Zenith Bank Plc, Nigeria’s second-largest lender by value, plans to expand in Africa starting with Ivory Coast after it bolstered its capital.

Jim Ovia’s Zenith Bank to open in Côte d’Ivoire, Cameroon

Zenith Bank, the Nigerian banking giant under the leadership of Nigerian banking tycoon Jim Ovia, is charting a new course in francophone and East Africa. The bank has unveiled plans to launch operations in Côte d’Ivoire in 2025, with Cameroon next on its radar, while simultaneously advancing an acquisition bid for a tier-two lender in Kenya.This expansion drive comes weeks after Zenith completed a N350.4 billion ($229.74 million) capital raise,…

Zenith Bank eyes Ivory Coast, Cameroon expansion after N350bn capital raise

Zenith Bank has revealed plans to expand into the Francophone African country, the Ivory Coast. This comes weeks after the lender raised its capital by N350.4 billion through a rights issue and public offer. As part of its expansion plans, Zenith Bank is weighing the option of either acquiring an existing bank in the country or setting up a new operation. The move won’t end there as the lender is also eyeing a presence in Cameroon and fastening …