Bank Management

Loita believes that Africa’s financial institutions offer some of the greatest unlocked value on the continent. Accordingly, Loita has entered into technical management agreements with several banks wherein Loita seconds a number of its professionals to a full-time management team in operations, treasury, credit and marketing and financial control. The banks concerned enjoy not only the direct benefits of the senior management team on the ground, but also the skills and support of Loita personnel across its enterprises, which we believe promotes pan-African cross-fertilization and greater value across the Loita group.

At present, Loita is providing technical management (whilst also taking a shareholding stake) in National Finance Credit Company Ltd, a longstanding credit and savings institution and which has recently been granted the approval of the Central Bank to change its status to that of a fully fledged commercial bank. Loita has recently completed three years of management of the largest indigenous bank within Zambia, Finance Bank Zambia which is now poised to listing on the Zambian stock exchange. Loita has previously offered technical services under a management contract to Versus Bank, Cote D'Ivoire. Recently, on the 30th September and after five years of restructuring and managing Banque Africaine Continentale (Rwanda), Loita Capital Partners International successfully completed the privatisation of the bank. The bank was being managed by Loita on behalf of the Government of Rwanda and a key tenet was to assist them in the privatization of the bank.

For more information about Loita’s bank management teams, contact Mr. Yousef Bazian, Director, at ybazian@loita.com.