Enexus acted as M&A advisor to Kibo Capital Partners and Proparco, both active private equity investors in Africa, on the sale of their shares in I&M Tanzania

About I&M Tanzania

I&M Tanzania is one of the best-performing Tier 2 banks in the country, with total assets exceeding TZS 800bn and a client base of 20,000+. Focused on delivering high-end financial services to medium and large corporates, the bank is on a steady trajectory toward Tier 1 status. The bank leverages its integration within the I&M network to provide cross-border banking solutions, facilitating regional trade and capital flows between Tanzania, Kenya, Uganda, and Rwanda. https://imbank.co.tz/

About I&M Group 

I&M is a leading East African financial services group listed on the Nairobi Stock Exchange. Headquartered in Kenya with a presence in Rwanda, Uganda, Tanzania, and Mauritius, the group is supported by major international development finance institutions, including BII, Proparco, DEG, FMO and IFC. https://www.imbankgroup.com/

About Kibo Capital Partners

Kibo Capital Partners is a private equity firm investing in growth companies in Eastern and Southern Africa, as well as in the Indian Ocean.

About Proparco

Proparco is a subsidiary of the French Development Agency group and has been providing equity and debt financing to the private sector in Africa for over 45 years. https://www.proparco.fr/en

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