HARARE – NMBZ Holdings Limited has successfully completed its acquisition of Entrepreneurs Financial Centre (EFC) Zambia following regulatory approval from the Competition and Consumer Protection Commission (CCPC). This strategic transaction marks a pivotal step in NMBZ’s regional diversification strategy, adding a licensed deposit-taking microfinance institution to its portfolio.
The move solidifies NMBZ’s presence in Zambia, a priority market, and expands the Group’s operational footprint to seven African nations.
The acquisition creates synergies by combining EFC’s strong MSME client base with NMBZ’s capital strength and advanced digital banking infrastructure.
EFC Zambia will leverage NMBZ’s proprietary technology to scale operations, enhance trade finance capabilities, and drive financial inclusion for Zambian entrepreneurs.
Commenting on the deal, EFC Zambia CEO Bedah Salasini noted that the partnership provides the capital and digital expertise necessary to accelerate growth and better serve the MSME sector. The group also acknowledged the role of outgoing shareholders—AfricInvest, Bamboo, and Triple Jump—in establishing EFC’s strong market foundation.
