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Access Bank Finalises BancABC Tanzania Acquisition

Access Bank stocks

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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

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