January 21

Bamboo Capital Exits Accion Microfinance Bank

Bamboo Capital Partners, an impact investing platform, has successfully exited its indirect stake in one of the leading microfinance banks in Nigeria, Accion Microfinance Bank (Accion MfB).

The financial details of this transaction were undisclosed.

Bamboo’s stake in Accion Microfinance Bank will now be held by global nonprofit and financial inclusion investor Accion.

Bamboo was an investor in Accion Microfinance Bank indirectly alongside global nonprofit Accion through an entity called Accion Investments in Microfinance Nigeria.

Bamboo has transferred its portion of ownership to Accion.

Accion remains active as a shareholder, through its board members, and as an advisor to Accion Microfinance Bank.

Photo courtesy of Mags’ pics for everyone.

Source: Africa Global Funds (link opens in a new window)

Finance, Investing
financial inclusion, impact investing, microfinance