FDH Bank Plc Acquires Majority Stake in Ecobank Mozambique
FDH Bank Plc has announced the acquisition of a controlling 98.87% stake in Ecobank Mozambique SA (EMZ) from Ecobank Transnational Incorporated (ETI), marking a key milestone in its regional expansion strategy. The remaining 1.13% stake is held by Mozambique’s Fundo Para O Fomento De Habitação (FFH), a national housing development fund.
The transaction, which has secured all necessary regulatory approvals, is set to be finalized within the 2025 financial year. It is fully financed through FDH Bank’s retained earnings and represents 0.7% of the bank’s K3.6 trillion (approx. USD 2.1 billion) market capitalization as of July 31, 2025.
Ecobank Transnational Incorporated, a Togo-based pan-African banking group, operates in 35 African countries and maintains a presence in key global financial hubs including Paris, London, Dubai, and Beijing. Its Mozambican subsidiary, EMZ, has operated in the country since 2000 and runs four branches in major cities.
FDH Bank Plc, listed on the Malawi Stock Exchange, offers a range of banking services including digital, personal, business, corporate, investment, and advisory services. The acquisition of EMZ is expected to enhance FDH’s Southern Africa footprint, drive market expansion, and deliver long-term value through operational synergies and revenue diversification.
“This acquisition is a strategic leap forward and highlights our commitment to building a strong regional banking presence,” said Juliano G. Kanyongolo, Company Secretary of FDH Bank Plc. “It supports our growth ambitions and aligns with our vision of being a leading regional financial powerhouse.”
ETI described the sale as part of its Growth, Transformation, and Returns (GTR) strategy, which aims to realign its participation model in select markets.
Both institutions reaffirmed their commitment to transparency and regulatory compliance, promising to keep stakeholders updated on future developments.
