Ecobank Completes Mozambique Divestment with Sale to FDH Bank
Ecobank Transnational Incorporated (ETI) has successfully divested its Mozambique subsidiary, Ecobank Mozambique, through a sale to FDH Bank Plc. The transaction, which received required regulatory approvals, marks Ecobank's complete exit from Mozambique.
FDH Bank now holds full ownership and operational control of the former Ecobank Mozambique. The sale, first announced on August 5, 2025, aligns with Ecobank's strategic shift in ownership and operations.
Jeremi Awori, the Chief Executive Officer of Ecobank Group, assured a smooth transition without disruptions to employees or services. FDH Bank is listed on the Malawi Stock Exchange and has taken over the subsidiary to expand its business operations.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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