Arise B.V. has acquired a 34.9% shareholding previously owned by Rabobank in NMB Bank Plc, listed on Dar es Salaam Stock Exchange (DSE) in Tanzania.

On 28 December 2020, the Capital Market and Securities Authority (CMSA) in Tanzania approved the transfer of 174,500,000 NMB Bank Plc shares owned by Rabobank to Arise, an African investment company that partners with sustainable, locally-owned financial services providers in sub-Saharan Africa. The share transfer process was completed on ...