The bank secures provisional licence to establish a commercial bank in Namibia, boosting intra-African trade and fostering economic growth.
[dropcap]A[/dropcap]ccess Bank Plc has secured a provisional licence from the Bank of Namibia to establish a commercial bank, marking a significant step in its Southern African expansion.
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This move further solidifies Access Bank’s commitment to fostering intra-African trade and enhancing financial inclusion across the region.
Roosevelt Ogbonna, Managing Director and CEO of Access Bank, expressed enthusiasm about the expansion, noting its importance for both the bank and the Namibian economy.
“This expansion cements our goal to create a strong Southern African banking network, supporting local economies and opening doors for businesses and individuals. It’s a crucial step towards building a global franchise,” Ogbonna said.
Access Bank’s operations in Namibia will enhance economic growth and provide seamless banking solutions to stakeholders.
With existing operations in Angola, Botswana, Mozambique, South Africa, and Zambia, Access Bank is well-positioned to drive innovation, expand opportunities, and collaborate across Southern Africa.
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The bank is working towards fulfilling the requirements for a final licence and will continue to update the market.
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