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President Mkapa: retaining a 30% stake in NMB |
A Rabobank-led consortium has beaten two others in the race to buy a 49% stake in Tanzania’s National Microfinance Bank (NMB).
The consortium is believed to be paying almost $30 million for the stake.
Consortiums led by Standard Bank and by Tanzania’s Akiba Commercial Bank also bid for the stake. Investors putting in bids were required to have an experienced commercial bank leading the consortium.
As well as Rabobank, the winning group comprises domestic partners Exim Bank, National Investment Company of Tanzania and the Tanzania Chamber of Commerce, Industry and Agriculture.
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