I&M Group PLC Completes 4.19 Billion Capital Raise from East Africa Growth Holdings

22.05.2025

AfricInvest, alongside FMO and Norfund, has invested in I&M Group through the East Africa Growth Holdings (EAGH) vehicle, acquiring a 15.14% stake in the Group. I&M is a diversified financial services provider with a strategic focus on retail and MSME banking. This capital raise supports I&M’s iMara 3.0 strategy to deepen digital transformation, expand regionally, and enhance financial inclusion across East Africa. Through this partnership, AfricInvest reinforces its commitment to building resilient financial institutions that drive inclusive growth on the continent.
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