Ecobank Transnational Incorporated (ETI) has finalized the sale of its stake in Ecobank Mozambique S.A. to FDH Bank Plc, a financial institution listed on the Malawi Stock Exchange, completing its full divestment from the Mozambican market.
The transaction, which was first announced in August 2025, received all necessary regulatory approvals, giving FDH Bank full ownership and operational control of Ecobank Mozambique.
In a statement signed by ETI’s Company Secretary, Madibinet Cisse, the bank described the move as a key milestone in its strategic restructuring agenda.
Ecobank noted that the exit would not affect banking operations, assets, or employees in Mozambique, with FDH Bank set to finance the acquisition entirely from retained earnings.
Founded in 2000, Ecobank Mozambique operates four branches across major cities and is regulated by the Central Bank of Mozambique.
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FDH Bank, recognized for its digital banking and corporate services, will now expand its footprint in Southern Africa through the acquisition.
Ecobank Group CEO, Jeremy Awori, said the decision to divest was taken after a careful review to protect customer, employee, and operational interests.
He added that the transaction aligns with Ecobank’s Growth, Transformation, and Returns (GTR) strategy, which seeks to sharpen focus on core markets while strengthening competitiveness across Africa.
Awori also revealed that Ecobank would continue to explore strategic partnerships with FDH Bank to ensure Mozambique’s access to its pan-African digital ecosystem, especially in cross-border payments.
With the exit, Ecobank plans to deepen its presence in other African markets, while FDH Bank solidifies its regional reach in Southern Africa.
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