Access Bank acquires fifth largest bank in Botswana - Punch Newspapers

Access Bank said on Monday it has agreed to buy a majority stake in African Banking Corporation of Botswana for cash, a month after it acquired a South African bank.

Access Bank is expanding across Africa to counter stagflation at home and dollar shortages that have frustrated businesses. The lender will acquire just over 78 per cent of BancABC Botswana for cash of around 1.13 times book value and a two-year deferred payment, amounting to an undisclosed sum, Atlas Mara said in a statement.

The latest acquisition from ABC Holdings, the local unit of London-listed Atlas Mara, brings its African presence to 10 countries. The deal is expected to close before the end of the second quarter, according to“We remain committed to a disciplined and thoughtful expansion strategy in Africa, which we believe will create strong, sustainable returns,” Group Chief Executive, Access, Herbert Wigwe said.

Them no go settle down to work their network

Good one, Kudos

Access bank ooo

Keep acquiring instead of improving your services. Acquirer group of company🙌

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