Mozambique: FDH Bank PLC Acquires Controlling Stake in Ecobank Mozambique

FDH Bank Plc has announced a definitive agreement to acquire a controlling 98.87% stake in Ecobank Mozambique SA (EMZ) from Ecobank Transnational Incorporated (ETI), marking a major milestone in its expansion strategy.

In a press statement issued by FDH Bank plc, Company Secretary Juliano Kanyongolo states that the remaining 1.13% stake in EMZ is held by Fundo Para O Fomento De Habitação (FFH), a Mozambican housing development fund.

“The transaction, which has received all necessary regulatory…