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In early 2021, Access Bank announced that it had identified eight new African countries for potential expansion, seeking to benefit from a continent-wide free trade agreement. The target markets are Morocco, Algeria, Egypt, Côte d'Ivoire, Senegal , Angola , Namibia and Ethiopia , which would extend the international presence of the bank to 18 ...
In early 2021, Access Bank announced that it had identified eight new African countries for potential expansion, seeking to benefit from a continent-wide free trade agreement. The target markets are Morocco, Algeria, Egypt, Côte d'Ivoire, Senegal , Angola , Namibia and Ethiopia , which would extend the international presence of the bank to 18 ...
In 2022, the company rebranded from Aboki Africa to Grey and was accepted into Y Combinator's Winter Batch Accelerator Program (YC W22) after completing a pre-seed funding round led by Ingressive Capital. A move which marked a key step in its early growth, helping the company gain visibility and financial backing to drive expansion [6]
Banks still have a long way to go to make up for all the locations they shuttered. The number of US branches was 69,684 at the end of 2023, down from 82,461 in 2012.
The African Development Bank is a multilateral institution, whose objective is to contribute to the sustainable economic development and social progress of the African countries. The AfDB Group development agenda is made of five key strategic priorities: to Feed Africa, to Light Up and Power Africa, to Industrialize Africa, to Integrate Africa ...
Vice President Kamala Harris announced Friday the formation of a new partnership to help provide internet access to 80% of Africa by 2030, up from roughly 40% now. The announcement comes as follow ...
In January 2020, the Central Bank of Kenya gave approval for Access Bank Group to acquire up to 100 percent shareholding in Transnational Bank. [7] In August 2020, the take-over was consummated after the new owners paid KES:1.4 billion (approx. US$13 million) to buy-out the previous shareholders. The bank re-branded to Access Bank (Kenya) PLC. [1]
In March 2021, Access Bank Group paid an estimated US$60 million to acquire a controlling interest in Grobank Limited. Access Bank went further and obtained regulatory approval to rebrand Grobank to Access Bank South Africa and to convert to a retail commercial bank. It opened to customers under those new terms in June 2021. [2] [7] [8]