Atlas Mara Limited BancABC Botswana a wholly-owned subsidiary of the Company through ABC Holdings Limited has launched an IPO on the Botswana Stock Exchange, BSE. The sub-Saharan financial services investor said BancABC will sell up to 24.9% of its shareholding in BancABC Botswana. “This IPO marks an important milestone for […]
Atlas Mara Limited, the major investor in Union Bank of Nigeria, said has reached agreement in principle for a $40M Debt Facility. The company said in a disclosure that the New Debt Facility will replace the convertible bond issued to Fairfax Africa Holdings Corporation the Company’s largest shareholder, as previously […]
Atlas Mara Limited, a sub-Saharan financial services investor said it will increase its stake in Nigeria’s Union Bank of Nigeria Plc. Atlas Mara said in a disclosure that it has agreed to acquire an additional 280,956,166 shares of Union Bank of Nigeria Plc, approximately a 1.0% shareholding in UBN, following […]
Atlas Mara Limited, owners of Union Bank of Nigeria said existing shareholders have subscribed for 17,438,310 New Ordinary Shares in the capital of the Company. The latest disclosure is a result of its Placing and Open Offer to acquire new shares in Union Bank support Atlas Mara’s growth initiatives in […]
Atlas Mara Limited, one of the most largest financial services group has disclosed that it will be acquiring Finance Bank Zambia Limited. The disclosure was contained in a statement mandated by a Financial Conduct Authority’s Disclosure and Transparency Rules Atlas Mara said that it has 76,057,135 ordinary shares in issue, […]
Atlas Mara Limited has issued a disclosure that Wellington Management Company LLP has increased its stake in the financial services group. Wellington Management Company LLP is owned by-BNY Mellon Nominees Limited, Goldman Sachs International, Roy Nominees Limited, Vidacos Nominees Limited, State Street Nominees Limited. Atlas Mara is a majority stake owner in Union Bank of […]
Chidi Okpala joined Atlas Mara from Bharti Airtel International (Netherlands) B.V., where he established and grew the Mobile Financial Services business in 17 African countries as Director and Africa Head for Airtel Money. Prior to joining Bharti Airtel, he was the Division CEO of Retail Banking Business for United Bank […]
Eric Odhiambo joined Atlas Mara from Citigroup where was Head of Risk for Africa. He spent 15 years at Citi in Risk Management and was assigned risk oversight responsibilities in various countries and geographies. Most recently he spent 3 years in Istanbul, Turkey, where he was the Chief Risk Officer […]
Jonathan Muthige joins Atlas Mara from Pick ‘n’ Pay in South Africa where he was Group HR Director. Prior to Pick ‘n’ Pay Jonathan was Head of Operations, Rest of Africa for the Standard Bank Group. In this role he led the transformation of operations in 17 countries. Jonathan brings […]
Arina McDonald joined Atlas Mara from The Standard Bank Group of South Africa, where she was Head of Group Central Finance. She has been with Standard Bank since 2002 and held roles including Chief Financial Officer for the Africa business; Director of Group Finance Projects and a Director in Investment […]