Ecobank Transnational Incorporated (ETI) has officially exited the Mozambican market after completing the sale of its subsidiary, Ecobank Mozambique (EMZ), to FDH Bank Plc, which is listed on the Malawi Stock Exchange. The transaction, approved by regulators, concludes a divestment process first announced in August 2025.
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FDH Bank now takes full control of EMZ’s operations and its four branches located in Mozambique’s main cities. For Ecobank, the move represents a strategic repositioning aimed at focusing resources on more promising African markets, in line with its “Growth, Transformation, and Returns” strategy.
For its part, FDH Bank views this acquisition as an opportunity to expand its regional footprint. The deal, financed entirely with equity, underscores the growing determination of African financial institutions to optimize their portfolios while strengthening their cross-border presence.
Ecobank’s withdrawal from Mozambique comes as the group remains at the center of other capital market developments, notably Nedbank’s recent announcement of the sale of its 21.22% stake in ETI to Bosquet Investments, the private vehicle of Alain Nkontchou.
