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LATEST

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Emerging Markets

Absa Nears Deal to Merge Tanzanian Banks into $3bn Lender

The Rio Times · 1h ago · 🇧🇷 Brazil

Absa Nears Deal to Merge Tanzanian Banks into $3bn Lender

Africa · Eastern Key Facts —The deal. Absa Group plans to fold Absa Bank Tanzania into National Bank of Commerce, creating a single lender. —The scale. The combined entity would hold about US$3 billion in assets, ranking third in Tanzania. —Ownership. Absa controls 55% of NBC; the Tanzanian government holds a 30% stake. —Context. The […] The post Absa Nears Deal to Merge Tanzanian Banks into $3bn Lender appeared first on The Rio Times .

Read the full story at The Rio Times →

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