In a press statement issued on August 5, 2025, FDH Bank Plc announced that it has entered into a definitive agreement with Ecobank Transnational Incorporated (ETI) for the acquisition of a controlling stake of 98.87% in Ecobank Mozambique SA (EMZ) from ETI. The remaining minority stake of 1.13% is held by Fundo Para O Fomento De Habitação (FFH), a housing development fund in the Republic of Mozambique.
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This strategic decision aligns with Ecobank’s Growth, Transformation, and Returns (GTR) strategy to realign its business participation model in the countries in which it operates.
For FDH Bank Plc, the transaction represents a significant milestone in the Bank’s regional expansion strategy. The transaction enables FDH Bank Plc to extend its footprint in Southern Africa, and is expected to deliver strategic benefits including market expansion, revenue diversification, operational synergies, and long-term value creation for stakeholders.
The transaction has received all the necessary regulatory approvals. It is subject to conditions precedent and is expected to be completed within 2025 financial year. The consideration is equal to 0.7% of FDH Bank Plc market capitalisation as at 31 July 2025. Upon completion, FDH Bank Plc will assume effective control of Ecobank Mozambique SA, enabling synergies in product offerings, customer-centric innovation, and operational efficiency.
EMZ is a licensed commercial bank in Mozambique, supervised and regulated by the Central Bank of Mozambique. EMZ has 4 branches located in the biggest cities of Mozambique. The bank has been operating in Mozambique since 2000, when it was incorporated as Novo Banco SARL, before changing its name in 2014 to Ecobank Mozambique SA, following an acquisition by ETI.
