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Atlas Mara appoints former Standard Chartered Bank executive to head Zambia acquisition

Reuters

LUSAKA (Reuters) - Atlas Mara (ATMA.L) has appointed former Standard Chartered Bank Africa chief risk officer Benjamin Dabrah as managing director of its latest acquisition Finance Bank Zambia (FBZ).

The London-listed financial services provider said in a statement that FBZ and BancABC Zambia, which it also owns, would eventually be merged into one commercial entity, without giving a timeframe.

Before joining Standard Chartered Bank, Dabrah was managing director of Barclays Bank Ghana.

Atlas acquired FBZ for about $61 million in cash and 3.3 million of Atlas Mara shares.

(Reporting by Chris Mfula; Editing by James Macharia)