Business News

Access Bank Finalises BancABC Tanzania Acquisition

Access Bank stocks

By Aduragbemi Omiyale The acquisition of African Banking Corporation Tanzania Limited by Nigeria’s Access Bank Plc has been concluded after it was first made public almost a year ago. Recall that in July 2023, the Nigerian lender said it was planning to take over BancABC Tanzania in a bid to expand its financial services delivery in East Africa and become the world’s most respected African Bank. The bank said it was embarking on a massive expansion drive to create more significant opportunities for financial inclusion, diversified product range and enhanced customer experience. Access Bank’s presence in over 22 countries presents