AFG Holding, a key player in the financing of intra-African trade as well as financial inclusion, agreed to acquire a 75% stake in Afrasia Bank, a Mauritius-based bank, from financial companies IBL and NBC. Financial terms were not disclosed. "We are pleased to enter into this agreement with AFG Holding, a major banking player in sub-Saharan Africa. We are confident about the bank's development prospects given the quality of the buyer and our group will continue to maintain privileged commercial relations with the bank internationally and in Mauritius, where the IBL Group is a leading economic player," Arnauld Lagesse, IBL Managing Director.