Deal Street

Arise Acquires Rabobank Shares In NMB Bank Plc
Arise Acquires Rabobank Shares In NMB Bank Plc

Investment and development company Arise has acquired previously Rabobank owned 34.9% shareholding of 174.5 Mn shares in NMB Bank Plc.

Arise was jointly established by FMO, Norfund and Rabobank in 2016 to partner with local financial institutions and improve the financial system in Africa. NMB Bank Plc, a commercial bank listed on the Dar Es Salaam stock exchange, is the largest bank in Tanzania. The other major shareholder is the Government of Tanzania with 31.8% shares.


Annual Membership


(billed annually)

Access To 12-Month WT Membership

Access To WT's Conferences & Events

Access To All WT's Research Reports On Africa

Access To Podcasts, Video Content & Recordings

Access To All Premium Newsletters

Unlimited Access To WT's Content Archive

Subscribe Now