Others Are Investing in African Banks – Are You? (First in a Series)

Bank of Africa   Several financial institutions, including the Dutch bank, Rabobank, have created Arise, to participate in deals in banks in Africa, including the Bank of Africa, a pan-African banking conglomerate.

“Arise sera opérationnel à partir du 1er janvier 2017.

Rabobank apportera ainsi ses parts dans Zambia National Commercial Bank (Zanaco, 66 agences, environ 1 million de clients et 330,7 millions de dollars de crédits), le tanzanien National Microfinance Bank (175 agences, plus de 2 millions de clients et un total de 1,1 milliard de dollars de crédits), le rwandaisBanque populaire du Rwanda (BPR – 192 agences, 626 000 clients et 159,6 millions de de dollars de crédits), le mozambicain Banco Terra BTM (9 agences, environ 28 000 clients et 47,4 millions de dollars de crédits) et l’ougandais DFCU Bank (45 agences, 256 000 clients et 247,5 millions de dollars de crédits).”

Translation:

“Arise will be operational from 1 January 2017.

As a result, Rabobank will bring its stake in Zambia National Commercial Bank (Zanaco, 66 branches, approximately 1 million customers and 330.7 million dollars in credits), the Tanzanian National Microfinance Bank (175 branches, more than 2 million customers and a total 1.1 billion in credits), the Rwandan Banque Populaire du Rwanda (BPR – 192 branches, 626,000 customers and 159.6 million dollars of credits), Mozambique’s Banco Terra BTM (9 agencies, 28 000 customers and 47.4 million of loans) and the Ugandan DFCU Bank (45 branches, 256,000 customers and $ 247.5 million of credits).”

These “investor groups” are investing in the long-term growth in Africa through its financial institutions that believe in its future.  In this series, we will discuss and look at banks you might want to invest in.

“Plusieurs prêteurs européens créent un holding d’investissement dans les banques subsahariennes” (“Several european lenders create a holding company to invest in sub-Saharan banks”):  http://www.jeuneafrique.com/346815/economie/plusieurs-preteurs-europeens-creent-holding-dinvestissement-banques-subsahariennes/

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