[Unofficial translation:] Rostra AG: Rostra decides to acquire a stake in NMBZ Holdings Limited along with a loan agreement to finance the transaction
Düsseldorf, July 2, 2025. With the approval of the Supervisory Board, the Management Board of Rostra AG today decided to acquire a 19.01% stake in NMBZ Holdings Limited, Harare (Zimbabwe), at a purchase price of USD 14.8 million, and to conclude a loan agreement with RH Investments Pte. Ltd., Singapore, to finance the transaction.
NMBZ Holding Limited is the parent company of the NMBZ Holdings Group, consisting of NMB
Bank Limited, XPlug Solutions Limited, and NMB Properties, and is listed on the Zimbabwe Stock Exchange. NMB Bank Limited, a leading Zimbabwean commercial bank, was founded with the aim of providing comprehensive banking services to a broad market spectrum. With the support of international and local institutional investors such as Old Mutual and Arise B.V., the bank has built a solid capital base and a robust governance framework. NMB supports corporate clients in sectors such as retail, construction, manufacturing, transportation, mining, and agriculture. NMB’s digital transformation through its fintech subsidiary XPlug positions the bank for scalable regional expansion and operational efficiency.
In addition to strong fundamentals such as strong capitalization, consistent profitability, and a diversified income base, NMB offers significant growth potential through further expansion in the fintech sector and the development of additional African markets and business areas.
As of December 31, 2024, NMB has a book value of equity of USD 84 million and generated a return on equity of 13.7% last year. The transaction corresponds to a P/B multiple of 0.9 and a P/E multiple of 7.6, which is favorable compared to the market environment.
Following the contribution of Sigma Precious Metals, the transaction represents the second minority investment in the context of the establishment of Rostra AG as an investment company and is also in line with the corporate strategy realigned in fiscal year 2024. Rostra AG’s investment focus is on companies in southern Africa in the financial services and trade sectors.
To finance the transaction, Rostra AG has entered into a loan agreement with RH Investments Pte. Ltd. for up to USD 25 million at an interest rate of 9% and a term until June 30, 2032. RH Investments Pte. Ltd. is a treasury SPV managed by Rostra Holdings Pte. Ltd., the majority shareholder of Rostra AG.
Rostra AG
The Management Board