Access Holdings Plc (‘Access Holdings’) has announced that its flagship subsidiary, Access Bank Plc (‘Access Bank’), has obtained a provisional licence from the Bank of Namibia to set up a commercial bank in the country. This move represents a significant step in the Bank’s expansion efforts across Southern Africa and Africa as a whole.6
Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank PLC, expressed his optimism about the development: “This expansion represents an important milestone towards establishing a railroad in Namibia for intra-African trade within the Southern African region, Africa, and the rest of the world. It cements our commitment to building a robust Southern African banking network to deliver shared prosperity and advance financial inclusion, thereby empowering many to achieve their dreams.”
Ogbonna added that Access Bank’s entry into Namibia will not only provide new opportunities for businesses and individuals but will also help in driving innovation and contributing to the region’s overall prosperity. He emphasized the Bank’s commitment to strengthening its long-term earnings profile while delivering value to shareholders, customers, and communities across the region.
Access Bank’s operations in Namibia are expected to stimulate economic growth in the country while reinforcing its presence as a dominant regional player in Southern Africa. The Bank already has a strong foothold in the region, with operations in Angola, Botswana, Mozambique, South Africa, and Zambia. With this expansion, Access Bank aims to offer seamless access to a wide range of opportunities for businesses looking to expand across borders and collaborate within Southern Africa.
In the coming months, Access Bank will work towards fulfilling the requirements necessary to obtain a final licence, after which it will officially begin its operations in Namibia.
Access Holdings Plc operates through an extensive network of over 700 branches and service outlets spread across three continents, 23 countries, and serving over 60 million customers. The company operates in four key sectors: banking, payment services, pension administration, and insurance. Its subsidiaries, Access Bank Plc, Hydrogen Payment Services Company Limited, Access ARM Pensions Limited, and Access Insurance Brokers Limited, have been instrumental in expanding the company’s market share and influence across Africa.
Access Bank, the company’s leading subsidiary, has become one of the largest retail banks in Africa following its 2019 merger with Diamond Bank. The bank operates through its four business segments—Retail, Commercial, Corporate, and Investment Banking—and continues to thrive as a dominant force in the African banking sector.
With this expansion into Namibia, Access Bank is on track to further establish its influence in Southern Africa and beyond, bringing new financial opportunities to both businesses and individuals.
For more details on this development, visit fasnewsng.com.
By Augustine Idoje
jxo1ot
SocialMediaGirls Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
Touch to Unlock I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.