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The Nexus
BUSINESSJul 23 · 14:53 UTCTHE RIO TIMESSamuel Ncube

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

Absa Group plans to merge Absa Bank Tanzania into National Bank of Commerce, forming a $3 billion lender that would rank third in Tanzania. Absa controls 55% of the merged entity, while the Tanzanian government holds a 30% stake.

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Absa GrouporganizationAbsa Bank TanzaniaorganizationNational Bank of CommerceorganizationTanzanian governmentorganizationTanzaniaplace
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