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Yas Owner Axian To Acquire 100% Of Tanzanian Lender Letshego Faidika Bank

Axian, the group behind Yas mobile operator, is acquiring 100% of Letshego Faidika Bank Tanzania, a licensed Tier II commercial bank, with the transaction now under review by the country’s Fair Competition Commission. The deal forms part of Letshego Africa Holdings’ disposal of its Ghana, Tanzania, Nigeria, Rwanda and Uganda subsidiaries agreed on 27 April 2026, and would add a banking licence to a group that already operates the country’s second-largest mobile money service.
July 27, 2026
2 minute read
Axian Acquisition Letshego Bank Tanzania

Axian Digital Venture Holding and Management is set to acquire 100% of Letshego Faidika Bank Limited, a licensed Tier II commercial bank in Tanzania.

The transaction has been notified to Tanzania’s Fair Competition Commission (FCC), which has commenced its review and investigation.

The FCC has issued a public notice inviting written comments from any person with a material interest in the transaction, or who considers it may materially affect competition or their legitimate interests, within 14 days of first publication.

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Comments may address whether the transaction is likely to substantially lessen competition in any relevant market in Mainland Tanzania, and any effect on customers, suppliers, competitors, employees or other directly affected market participants.

Axian Digital Venture Holding and Management Limited is incorporated under the laws of the United Arab Emirates and operates within the Axian Group’s investment and digibank and fintech divisions, covering financial services, digibank and fintech, properties and telecom.

Hassanein Shahreza Hiridjee, a French citizen and owner of Axian Digital Venture, will acquire and hold one share.

Letshego Faidika Bank Limited is incorporated in Tanzania and provides commercial banking, loan services, issuance services, electronic payment services, mobile and online banking, and acts as an agent for insurance companies.

Axian has described the transaction as a step in its strategy to build a leading pan-African financial services platform.

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Letshego Group Chief Executive Officer Reinette van der Merwe said the sale is intended to improve capital efficiency and strengthen the group’s balance sheet.

The Tanzanian filing is part of a wider disposal. On 27 April 2026, Letshego Africa Holdings agreed to sell 100% of its shareholding in its Ghana, Tanzania, Nigeria, Rwanda and Uganda subsidiaries to Axian Digital Venture Holdings and Management Limited.

The deal remains subject to regulatory and stock market approvals.

If cleared, it would place a licensed Tanzanian bank inside the group that already owns Yas Tanzania and Mixx by Yas, the country’s second-largest mobile money service.

Want to know more about Banking in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Banking, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

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