Ecobank Transnational Incorporated (ETI) has officially concluded the divestment of its Mozambique operations, Ecobank Mozambique S.A., transferring full ownership and operational control to FDH Bank Plc, a financial institution listed on the Malawi Stock Exchange.
The transaction, which received all necessary regulatory approvals, was formally disclosed in a statement filed with the Nigerian Exchange Limited (NGX) on Friday. This marks a significant strategic shift for Ecobank as it continues to streamline its operations across Africa.
Madibinet Cisse, Company Secretary of ETI, confirmed the development:
With this completion, FDH Bank Plc assumes full ownership and operational responsibility of the bank formerly owned by Ecobank in Mozambique.
ETI first announced its intention to divest from Mozambique on August 5, 2025, describing the move as part of a broader strategic realignment focused on growth, transformation, and improving returns. At the time, the group assured stakeholders that the transition would be smooth, with no disruption to employees, assets, or banking services.
Jeremy Awori, CEO of Ecobank Group, reaffirmed that the sale aligns with the bank’s long-term strategy:
This divestment is consistent with our focus on growth, transformation, and delivering improved returns to shareholders. It allows us to concentrate resources on markets where we see the greatest potential for impact and profitability.
With the acquisition now finalized, FDH Bank Plc takes full control of Ecobank Mozambique S.A., expanding its footprint beyond Malawi and entering the Southern African market. The move positions FDH Bank to leverage Ecobank’s existing infrastructure and client base in Mozambique, while introducing its own operational model and strategic priorities.
This transaction also marks Ecobank’s complete exit from the Mozambican market, as the group continues to optimize its pan-African presence.
