I M Holdings Plc, the financial services group founded by Kenyan businessman Suresh Bhagwanji Shah, has increased its stake in I M Bank Tanzania to 95 percent, tightening its grip on one of its fastest-growing subsidiaries as it presses ahead with expansion across East Africa.
I M gains greater Tanzania control
The Nairobi-listed lender acquired an additional 15 percent holding in the Tanzanian unit after two long-standing private equity investors exited at the end of an investment cycle that lasted close to 15 years. The sellers were Kibo Capital Partners and Frances development finance institution Proparco, according to people familiar with the transaction. The deal was completed in December 2025, with the remaining shares held by individual private investors.
