I&M spends Sh1bn to acquire extra 17pc stake in Tanzanian subsidiary

I&M Bank

I&M Bank Limited Kenyatta Avenue branch in this picture taken on March 29, 2023.

Photo credit: File | Nation Media Group

I&M Group spent Sh1 billion last year to acquire an additional 17 percent stake in its Tanzanian banking subsidiary through a capital injection and the buyout of other investors.

The twin transactions increased its ownership in I&M Bank Tanzania Limited to 95.51 percent in the year ended December 2025 from 78.51 percent a year earlier.

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