Ecobank exits Mozambique after sale to FDH bank
By Praisebell Rosemond Larbi
Ecobank Transnational Incorporated (ETI) has finalised the sale of its Mozambique subsidiary, Ecobank Mozambique S.A., to FDH Bank Plc of Malawi, marking a strategic withdrawal from the Mozambican market as the Pan-African banking group sharpens its focus on key growth regions across the continent.
The transaction, which began on 5 August 2025 when Ecobank first announced plans to divest its stake, has now received full regulatory approval from the Central Bank of Mozambique and other relevant authorities.
The deal was completed in September 2025, officially transferring ownership and operational control to FDH Bank.
In a statement confirming the development, Ecobank described the move as part of its broader realignment strategy aimed at strengthening its presence in core markets, enhancing shareholder value and improving operational efficiency.
“The decision to divest aligns with our commitment to optimising our geographical footprint and focusing resources on markets where we see the greatest growth potential,” the Group said.
Ecobank Mozambique, established in 2000, operated four branches across major cities and provided retail, SME and corporate banking services.
The sale agreement ensures continuity for customers and staff, with no disruption to day-to-day operations. All existing accounts, deposits and services will continue seamlessly under the new ownership structure.
FDH Bank Plc, a fast-growing financial institution listed on the Malawi Stock Exchange, funded the acquisition entirely from retained earnings, signalling strong balance sheet resilience and confidence in its expansion strategy.
The bank, which operates as part of the FDH Financial Holdings Group, has over the years positioned itself as a regional player with a focus on digital transformation, SME growth and cross-border financial services.
FDH Bank’s Chief Executive Officer described the acquisition as a major step in the bank’s regional ambitions.
“This transaction enhances our ability to serve clients across Southern Africa and reinforces our commitment to financial inclusion and innovation,” he stated.
Despite its exit from Mozambique, the Group reaffirmed its dedication to supporting African financial integration through its network spanning over 30 countries.
