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mixmarket Tagged Articles
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Lonrho to Acquire 51% Stake and Control of Mozambican Microfinance Bank, Socremo Banco de Microfinancas
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| Lonrho, the British conglomerate that is rapidly growing a portfolio of investments in Africa, has announced that it has signed a letter of intent to acquire 51% and board control of the second largest bank in Mozambique, Socremo Banco de Microfinancas (Socremo). The transaction is subject to Reserve Bank of Mozambique approval. |
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