← Mergers and Acquisitions (M&A) Strategy and Execution

Bank mergers in Ethiopia, integration and the merger simulation

Module 05 / 5 · 70 min

Take the Bank A and Bank D merger through regulatory and shareholder approval, test capital, exposures and governance after the merger, plan the first 100 days and track synergy delivery.

In this module you will learn to

Plan the regulatory and shareholder approval path for a merger of widely held Ethiopian banks
Test the merged bank's capital ratios, large exposures and governance against NBE directives
Negotiate exchange ratio, board composition and name as a package
Build a 100-day integration plan covering culture, systems migration and customer retention
Measure synergy delivery and act when it falls behind

Built on

Erudite Africa course specification 3.c: Mergers and Acquisitions (M&A) Strategy and Execution, Levels 1 and 2 (October 2026)
Erudite Africa Training Module: Ethiopian Context, programme overview and regulatory register (October 2026)
NBE directives as listed in the lessons: SBB/78/2021 (reported), SBB/87/2024, SBB/88/2024, SBB/89/2024, SBB/91/2024, SBB/92/2024, SBB/94/2025, SBB/95/2025, MFI/36/2023, FXD/01/2024 and FXD/04/2026
Banking Business Proclamation No. 1360/2025; Investment Proclamation No. 1180/2020 and Investment Board Directive No. 1082/2025; Income Tax Proclamation No. 979/2016 as amended by No. 1395/2025; Capital Market Proclamation No. 1248/2021 and ECMA Directive No. 980/2024
Commercial Code Proclamation No. 1243/2021 and the Trade Competition and Consumers Protection Proclamation No. 813/2013, as cited in the course specification (texts to be checked)
General M&A market practice on process, valuation, SPA terms and integration; all companies and people in examples are fictional

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.