Access Bank Completes Acquisition Of Majority Stake In BancABC Botswana

Access Bank Completes Acquisition Of Majority Stake In BancABC Botswana

Access Bank completes acquisition of Mozambique’s African Banking Corporation


Fasnews Nigeria reports Access Bank Plc has finally completed the acquisition of a majority stake of about 78.15% in African Banking Corporation of Botswana Limited (‘BancABC Botswana’).


The recent move which is in line with the Bank’s commitment to expanding its presence in the African continent was announced through a notice signed by its Secretary, Sunday Ekwochi, and filed with the Nigerian Exchange Limited (NGX).

Recall that Access Bank had reached an agreement to acquire a majority stake in BancABC earlier in April this year. According to the reports, the deal would see Access Bank acquire the latter for an undisclosed cash amount of about 1.13 times the book value plus a two-year deferred payment.

With the conclusion of the deal, Access Bank now has a presence in ten African countries, after similar acquisitions in financial institutions domiciled in Zambia, South Africa, Mozambique, among others.


According to the statement issued by the financial giant, BancABC Botswana is the fifth-largest bank in Botswana and is a well-capitalised franchise poised for growth in its local market.

The new acquisition will form part of the Bank’s nexus for trade and payments in Southern Africa and the broader COMESA trade region.


The deal will also afford Access Bank the opportunity to leverage on BancABC’s strong retail banking space to provide products that would benefit its local markers and enable it compete strongly across core business segments.


Commenting on the transaction, the GMD/CEO of Access Bank Plc, Dr Herbert Wigwe said:


“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 our broader vision of becoming the World’s most respected African bank.”


What you should know

In line with its mission of expanding its reach within the African space, Access Bank in recent times had made significant entry into key markets in South Africa, Zambia, Mozambique, among others. The bank had announced the acquisition of substantial shareholdings in Grobank, Cavmont Bank, etc.


Access Bank closed trading on 11th of October, 2021 with a share price of N9.45


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  23. Восстановление своих ресниц после наращивания — несложное занятие. Если ресницы стали тоньше, вы заметили выпадение или их сложно прокрасить тушью, прислушайтесь к советам Юлии Барсовой, чтобы быстро привести их в порядок: «Самые эффективные помощники — восстанавливающие сыворотки. Они содержат сразу несколько активных компонентов, которые работают в комплексе». А как поведут себя свои ресницы после наращивания? Начнут ли непременно выпадать? Что будет вообще с ресницами после снятия искусственных? Эти вопросы беспокоят клиентов салонов еще до принятия решения о наращивании. На самом деле опасения многих девушек часто беспочвенны. Перед использованием, эфирное масло для питания и роста ресниц желательно подогреть. Это активизирует питательные вещества, позволит компонентам, как можно раньше проникнуть в структуру волоска.
    Эксклюзивный представитель ТОП-брендов Использовать это масло можно при помощи ваты или чистой кисточки ля туши. Вату нужно смочить маслом и сделать компресс на ресницы, средство должно хорошо впитаться. Поэтому его нужно оставить на них до пятнадцати минут. Затем нужно смазывать ресницы маслом за полчаса до сна ежедневно.  Свои ресницы после наращивания подвергаются ухудшению общего состояния и внешней структуры, что отражается на параметрах: При помощи ватной палочки на кончики ресниц можно наносить миндальное, персиковое, льняное, кокосовое масло. Также подойдут масла зародышей пшеницы, жожоба, авокадо смешанные с жидкими витаминами А, Е и С. Следите, чтобы средства не попадали на слизистую оболочку, иначе неприятные ощущения будут вам гарантированы. Основная причина того, что натуральные ресницы становятся ломкими и портятся после наращивания, — это клей, на который крепят искусственные волоски. Ухудшение состояния ресниц при наращивании вызвано тем, что клей мешает волосяным луковицам получать нужное количество кислорода и питательных веществ. Натуральные волоски при этом растут гораздо медленнее, становятся ломкими и непривлекательными.

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