Tuesday, May 18, 2021

Access Bank acquires Mozambique’s African Banking Corporation


 Access Bank Plc looks to consolidate its operations in Mozambique into a single financial services unit after acquiring another banking asset in the Southern African nation.

Its subsidiary in Mozambique consummated a deal for the acquisition of African Banking Corporation, backed by London-listed financial services group Atlas Mara Limited, according to Access Bank’s note to the Nigerian Exchange Limited on Tuesday, but no mention has been made of the value of the transaction yet.