AFRICAReports Banking and Finance Economy News & Reports Trade and Investments WORLDReport

Access Holdings Announces US$1.5 Billion Capital Raising Programme

Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up to US$1,500,000,000.00 (One Billion, Five Hundred Million United States Dollars) or its equivalent (‘the Programme’). The Programme aims to enhance the Group’s financial strength through the issuance of various financial instruments such as ordinary shares, …read more →

AFRICAReports Banking and Finance Economy News & Reports WORLDReport

Access Bank PLC and KCB Group PLC Sign Binding Offer on Acquisition of National Bank of Kenya (NBK)

Access Bank PLC and KCB Group PLC (“KCB”) have today signed a binding agreement to acquire 100 percent shareholding in National Bank of Kenya Limited (“NBK”) from KCB. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt all regulatory approvals from, amongst others, the …read more →

AFRICAReports Banking and Finance Economy News & Reports WORLDReport

Access Holdings Plc Announces the Return of Aig-Imoukhuede, As Holdco Chairman

Access Holdings Plc (‘the Holdco’), has announced the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman. Mr. Aig-Imoukhuede, CFR replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director. This visionary and accomplished leader is bringing an outstanding record of accomplishments, wealth of …read more →

Banking and Finance Economy News & Reports Trade and Investments

Nigeria’s Inflation Rate Will Drop To 21% In 2024, Says Cardoso

Amid the rising prices of foodstuff and other commodities in the market, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the nation’s inflation rate will drop. Nigeria’s inflation has been on the rise for 11 consecutive months, reaching its peak in December 2023, according to the National Bureau …read more →

Banking and Finance Economy Industialisation Infrastructure Infrastructure Financing News & Reports

BOI, IFC Advocate Collaborative Financing to Enhance Nigeria’s Industrialization Agenda

The Bank of Industry (BOI) and the International Finance Corporation (IFC) have stressed the need for joint investment financing to drive infrastructural development in Nigeria’s industrialization agenda. They also stressed the need for enhanced access to funding for businesses, women and youth to support sustainable growth in the country. They said this at the BOI …read more →

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Access Bank PLC Signs Landmark Loan Agreement with Japan International Cooperation Agency to Advance Climate Change Measures in Nigeria

Access Bank PLC (Access Bank), Nigeria’s largest commercial bank, has taken a significant stride towards environmental sustainability with the signing of a historic loan agreement with the Japan International Cooperation Agency (JICA). Valued at US$ 75 million, the agreement is JICA’s first private sector investment finance in the banking sector in the Sub-Saharan African region. …read more →

AFRICAReports Banking and Finance News & Reports

Access Bank Zambia Limited Completes Acquisition of Atlas Mara, Creates One of Zambia’s Top Five Banks

Access Bank Zambia Limited (“Access Bank”) announced today that it has completed its acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia (“Atlas Mara”) after obtaining all requisite regulatory approvals. Atlas Mara is now a wholly owned subsidiary of Access Bank Zambia. Following this regulatory milestone, the two banks will continue to …read more →

Banking and Finance News & Reports Technology

Robust FinTech Critical for Deepening Financial Inclusion in Nigeria – Maida

The Executive Vice Chairman and Chief Executive officer (EVC/CEO) of the Nigeria Communications Commission (NCC), Dr. Aminu Maida, has described the Financial Technology (FinTech) industry as a critical driver of financial inclusion of Nigerian citizens living in the underserved and unserved communities across the country. Dr.  Maida made this known in his keynote address at …read more →

AFRICAReports Banking and Finance Economy News & Reports Trade and Investments

ACT Foundation Opens 2024 Grant Cycle to Empower Non-profits and Social Enterprises in Africa

Aspire Coronation Trust (ACT) Foundation has announced the opening of the highly anticipated 2024 ACT Grant Cycle, an initiative designed to support and scale up non-profits and social enterprises in Africa. The 2024 Grant Cycle, which opened on Monday, 23rd October and closes on Friday, 10th November, is targeted at non-profits and social enterprises in …read more →

AFRICAReports Banking and Finance News & Reports

British International Investment Partners with Access Bank Plc to Extend US$60 Million Trade Finance Facility Across Five African Countries

British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a $60 million trade finance facility for Access Bank Plc in Nigeria and five of its pan-African subsidiaries. This will strengthen import and export capabilities amongst local businesses and plug the foreign currency supply gap. The programme supports Access Bank’s …read more →