By 
Ecobank Transnational Incorporated (ETI) has completed its divestment from Mozambique with the successful sale of its stake in Ecobank Mozambique S.A. to FDH Bank Plc, a financial services group listed on the Malawi Stock Exchange. The transaction, first announced in August 2025, received all requisite regulatory approvals, paving the way for FDH Bank to assume full ownership and operational control of the Mozambican subsidiary.
In a statement signed by ETI’s Company Secretary, Madibinet Cisse, the Group described the move as a key milestone in its ongoing Growth, Transformation, and Returns strategy, designed to sharpen focus on core markets and optimize competitiveness.
“The completion of this transaction marks Ecobank’s full divestment from Mozambique. With this development, FDH Bank Plc assumes full ownership and operational responsibility of the bank formerly owned in Mozambique by Ecobank,” the statement confirmed.
Ecobank Mozambique, established in 2000 and operating under the regulation of the Central Bank of Mozambique, maintains four branches across major cities. FDH Bank, recognized for its digital banking and corporate service offerings, financed the acquisition entirely from retained earnings, reinforcing its balance sheet strength and long-term commitment to expansion in Southern Africa.
Commenting on the development, Jeremy Awori, Ecobank Group CEO, stressed that the divestment was a carefully considered decision, aligned with Ecobank’s long-term objectives.
“This strategic decision ensures we remain a competitive and meaningful player across the markets in which we operate. It reflects our commitment to delivering growth, transformation, and strong returns for all stakeholders,” Awori stated.
Awori further noted that Ecobank will continue to explore partnerships with FDH Bank to ensure Mozambique retains access to its pan-African digital ecosystem, particularly in facilitating seamless cross-border payments and regional financial integration.
The divestment underscores ETI’s strategy of streamlining operations while deepening its footprint in priority African markets, as FDH Bank consolidates its position in Southern Africa, advancing regional banking connectivity.
Comments