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Malawi Bank Buy 51% Stake in ACB Bank Tanzania

March 9, 2021
1 minute read
Natinal Bank Malawi ACB Akiba Tanzania

National Bank of Malawi plc (NBM), the leading bank in the country, has completed the acquisition of a 51% controlling stake in Akiba Commercial Bank plc (ACB) of Tanzania for a consideration of USD 7.31 million through a share subscription.

NMB explains in its cautionary statement to investors that the acquisition is in line with the banks’ current strategic plan which has regional expansion as one of its key thrusts.

“The acquisition is expected to bring about growth in business for both NBM and ACB as it upscales the business of ACB to the standards of NBM,” the statement reads.

Tanzania Investment Guide 2026 Free Edition

NBM is listed on the Malawi Stock Exchange with a market capitalization of MWK 304 billion. The investment in ACB is approximately 2% of the NBMs current market capitalization. However, negotiations are ongoing for an additional stake in ACB.

ACB was established in 1997 and offers a range of banking and financial services in Tanzania. It has strong SME roots and operates 18 branches across the country.

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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