Africa Day - 25 May 2009

May 25th is Africa Day - the official day of the African Union - which this year has special significance for the Nedbank Group.

It is a day on which we celebrate the founding 46 years ago of the Organisation of African Unity (OAU), later succeeded by the African Union. Its aim is to secure democracy, human rights and sustainable economic development across Africa, especially through ending intra-African conflict and creating an effective common market.

It is a time to celebrate unity, which fosters the understanding of the many possibilities our continent has to offer in terms of history, culture, art and natural beauty.

Just ponder over some astounding facts about our continent; Africa is 30 244 049 square kilometres (making it the second largest continent after Asia), it consists of 53 countries and an estimated 935-million people live in Africa.

For us at Nedbank Corporate and Nedbank Africa, it is also a day to celebrate our reach beyond South Africa, Lesotho, Malawi, Namibia, Swaziland and Zimbabwe. It is a day to honour our strategic business alliance with Ecobank, which has created the largest banking network in Africa with over 1 000 branches in more than 30 countries.

Think for a moment beyond southern Africa and of our Ecobank colleagues in Benin, Burkina-Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo-Brazzaville, Côte d’Ivoire, Democratic Republic of Congo, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Togo and Uganda.

Think for a moment of the diversity this represents and of the opportunities this relationship offers our clients through the convenience of a ‘one bank’ experience across the combined footprint of both banking groups. We have reason to celebrate being part of the emerging market!

Happy Africa Day

With warm African regards
Foreign Exchange Rates: February 7, 2012 Loti/$  7.44 Loti/£  11.76 Loti/€  9.75
 Nedbank Lesotho Limited Reg. No 92/191. Nedbank Lesotho is a member of the Old Mutual Group.