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Access Bank’s Niche: Institution Acquires National Bank Of Kenya, Strengthening It’s Presence In East Africa





The Oasis Reporters


March 22, 2024

 

 

 

 

 

 

 

 

Sealing the deal to acquire National Bank of Kenya Limited by Access Bank.

 



One Nigerian bank making waves on the African continent is Access Bank Plc. The corporation it belongs to is Access Corporation based in Lagos. The founders of the Corporation have a niche. And the niche lies in turning challenging situations found in banks around, soon after the acquisition of such financial institutions.

 




This is the reason why without carrying bags of cement to far flung countries in order to build mortar and brick buildings, it owns banks outside of Nigeria. Some other bank entrepreneurs find reason to sell their institutions to Access Corporation, in order to benefit from superior management ethos from the Lagos based financial behemoth.

 

Bolaji Agbede, Group CEO, Access Holdings.




So from Ghana to Rwanda, Zambia, Sierra Leone to Kenya, Mozambique and in many other destinations, still growing, Access Bank is found in many places.


Little wonder, South Africa’s Julius Malema paid tribute to Nigerian ingenuity and exclaimed:


‘The Banks In Nigeria Are Owned By Black Nigerians’! And the South African political leader said it with awe and admiration.


Watch:

 




Here’s an announcement from Access Bank:


We are excited to announce our acquisition of National Bank of Kenya Limited, a subsidiary of KCB group, marking a significant milestone in our journey.



Our strengthened presence in Kenya provides more opportunities for trans-African trade and financial inclusion, fostering economic growth and prosperity across borders. By boosting Nigerian-Kenyan businesses, we are fueling collaboration that will drive our economies forward.



Together, we are redefining the future of banking in Africa and empowering businesses to reach new heights”.



https://x.com/myaccessbank/status/1770756394959982740?s=20

 


Greg Abolo.
X (Twitter)





Greg Abolo

Blogger at The Oasis Reporters.

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