Ecobank Transnational Incorporated (NGX: ETI) has announced the completion of the sale of its stake in Ecobank Mozambique S.A to FDH Bank Plc. The Pan African Bank made this known in a press release on Friday.
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This concludes Ecobank’s strategic transaction announced on August 5th, 2025.
Investogist reported in August that the Ecobank announced an agreement to sell its stake in Ecobank Mozambique S.A (EMZ) to FDH Bank Plc of Malawi.
EMZ is a licensed commercial bank in Mozambique, which has been in operation since 2000, with 4 branches located in the biggest cities of Mozambique.
It was incorporated as Novo Banco SARL, it changed its name in 2024 to Ecobank Mozambique S.A, following an acquisition by Ecobank Transnational Incorporated.
FDH Bank Plc is a diversified financial institution in Malawi, offering a range of services including banking, investment management, and digital solutions. The bank is listed on the Malawi Stock Exchange.
About Ecobank Transnational Incorporated (ETI)
Ecobank Transnational Incorporated (ETI) and its subsidiaries (together, ‘the Group’) provide retail, corporate and investment banking services throughout sub-Saharan Africa outside South Africa. The Group had presence in 39 countries and employed over 14,158 people as at 30 June 2025 (31 December 2024:14,560). Ecobank Transnational Incorporated is a limited liability company and is incorporated and domiciled in the Republic of Togo. The address of its registered office is as follows: 2365 Boulevard du Mono, Lomé, Togo.
The company has a primary listing on the Ghana Stock Exchange, the Nigerian Stock Exchange and the Bourse Regionale Des Valeurs Mobilieres (Abidjan) Cote D’Ivoire.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
