Ecobank Transnational Incorporated (ETI) has announced the completion of the sale of its 98.8% stake in Ecobank Mozambique S.A to FDH Bank Plc, concluding the strategic transaction announced on August 5, 2025.
This brings to a close the pan-African banking group’s 11-year presence in the Southern African country.
In a statement on Friday, ETI said the transaction, which received all necessary regulatory approvals, marks Ecobank’s full divestment from Mozambique.
“With this completion, FDH Bank Plc assumes full ownership and operational responsibility of the bank that was formerly owned in Mozambique by Ecobank,” the statement added.
ETI first entered Mozambique in June 2014 when it bought a 96% interest in Banco ProCredit, a former unit of Germany’s ProCredit Holding. The remaining 1.13% of Ecobank Mozambique is held by the state-backed housing fund, Fundo Para O Fomento De Habitação.
FDH will now take effective control of Ecobank Mozambique, which operates four branches in the country’s largest cities and offers consumer banking, microfinance, and bancassurance services.
Earlier in August, Jeremy Awori, Group Chief Executive of Ecobank, had revealed that the divestment underscores the bank’s focus on streamlining operations under its Growth, Transformation and Returns strategy.
“This strategic decision aligns with our commitment to Ecobank’s Growth, Transformation and Returns strategy, ensuring we remain a competitive and meaningful player across the markets in which we operate,” he said in a separate statement.
Awori added that Ecobank may collaborate with FDH to deepen cross-border payments in Mozambique through its pan-African digital ecosystem.
The Togo-based group has been reshaping its portfolio amid pressure to shore up capital in its larger markets. According to a June note by S&P Global, ETI needs to inject $50 million into its Nigerian subsidiary to meet capital adequacy rules.
It made a $10 million injection last year and has issued promissory notes for the latest capital call, due before the end of August.
Despite these restructuring moves, Ecobank reported an after-tax profit of $278.8 million for the first half of 2025, up from $227.3 million a year earlier, while gross earnings climbed 24% to $1.5 billion — signalling continued resilience as it repositions across Africa.
