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    78.15% Shareholding being obtained in Africa Banking Corporation of Botswana Limited…disclosed by Access Bank Plc on the Nigeria Exchange Limited (NGX)

    Posted On 15 Oct 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    By Abdul Rahman Bangura–

    Access Bank Headquarters
    Photo Credit: Access Bank

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Ekwochi, Access Bank’s Company Secretary in an announcement, clarified that BancABC Botswana is the fifth heftiest bank in Botswana as well as a well-capitalized authorization steadied for development in its local market.

    According to the statement, “The new acquisition will form part of the Bank’s nexus for trade and payments in Southern Africa and the boarder COMESA trade region. BancABC Botswana’s achievements in the retail banking space will provide an opportunity for the bank to deploy its best-in-class digital platforms and product suites to the benefit of BancABC Botswana’s customers and enable it to complete strongly across its core business segments.”

    GMD/CEO, Access Bank – Herbert Wigwe noted: “We are pleased with the successful conclusion of this transaction which will provide significant synergies by combining BancABC Botswana’s strong retail banking operation with Access Bank’s wholesale banking capabilities.

    “It will also strengthen the quality of earnings through revenue diversification and growth in the corporate and SME banking segments for BancABC Botswana. The combination is another step towards out broader vision of becoming the World’s Most Respected African Bank.”

    Access Bank has associates across Sub-Saharan Africa and Europe, giving financial and banking services. The bank’s aides comprise Access Bank (Gambia) Limited, Access Bank (Sierra Leone) Limited, Access Bank (Zambia) Limited, Access Bank (UK) Limited, Access Bank (Ghana) Limited, Access Bank (D.R. Congo), Access Bank (Rwanda) Limited, Access Bank (Guinea) Limited, Access Bank (Kenya) Limited and Access Bank (Mozambique) Limited.

     

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    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
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    8 Comments

    1. Joseph October 15, 2021 at 4:10 am Reply

      Thanks for the report and covering our great continent. Nairobi in Kenya. Joseph

      • New Africa Business News, Staff Correspondent October 15, 2021 at 4:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Zala October 15, 2021 at 4:13 am Reply

      Bangura thank you and your teams for covering the whole continent. Cape town SOUTH AFRICA. Zala

      • New Africa Business News, Staff Correspondent October 15, 2021 at 4:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Palo October 15, 2021 at 4:17 am Reply

      Business is growing, thank to the new Africa free trade. Trade is growing. Bissau Guinea Bissau. Palo

      • New Africa Business News, Staff Correspondent October 15, 2021 at 4:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Fred October 15, 2021 at 4:21 am Reply

      Thank you for the daily newsletters. Fan of new Africa news. Toronto in Canada. Fred

      • New Africa Business News, Staff Correspondent October 15, 2021 at 4:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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