Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Bob Diamond’s Atlas Mara to Buy Stake in Rwandan Lender

Robert Diamond, former head of Barclays Plc, has agreed to buy a stake in state-owned Development Bank of Rwanda through his new financial-services venture Atlas Mara Co-Nvest Ltd.

The partnership will help Atlas Mara build “a leading African financial services group,” Diamond said in a joint statement with Rwanda’s Ministry of Finance and Economic Planning. It follows Atlas Mara’s agreement last week to buy Gaborone, Botswana-based financial services company BancABC for as much as $265 million.

“The Government of Rwanda is committed to privatization in a sense that attracts foreign direct investments, gives investors good business opportunities and also boosts economic growth,” Finance and Economic Planning Minister Claver Gatete said in a statement posted on the ministry’s website.

Diamond, who quit as Barclays chief executive officer in July 2012 after the British bank was fined for manipulating benchmark interest rates, and Ugandan entrepreneur Ashish Thakkar, both committed $20 million of their own money to Atlas Mara. The firm is looking for African financial-services companies that can help businesses manage currency and commodity risks.

Atlas Mara plans to sell corporate loans in sub-Saharan Africa to international investors, Diamond said April 3. BancABC, which offers services in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe, will be a springboard for further acquisitions, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.