Access Holdings Plc (‘Access Holdings’) is pleased
to inform the investing public and the Nigerian Exchange Ltd that its flagship subsidiary,
Access Bank Plc (‘Access Bank’ or ‘the Bank’) has obtained a provisional licence from
the Bank of Namibia to establish a commercial bank in Namibia.
Commenting on the development, Roosevelt Ogbonna, Managing Director/Chief
Executive Officer of Access Bank PLC, said:
“This expansion represents an important milestone towards establishing a railroad in
Namibia for intra-African trade within the Southern African region, Africa, and the rest of
the world. It cements our commitment to building a robust Southern African banking
network to deliver shared prosperity and advance financial inclusion thereby empowering
many to achieve their dreams.
“Our entry into the Namibian market also represents a pivotal step in our broader
ambition to build a strong global franchise and will unlock new opportunities for
businesses and individuals alike. We look forward to partnering with local stakeholders
to drive innovation, empower communities, and contribute meaningfully to the prosperity
of the region.
We remain confident that our investments towards diversifying and strengthening the
Bank’s long-term earnings profile will deliver significant value to our shareholders,
customers, and wider stakeholder groups”
Access Bank’s operations in Namibia is expected to stimulate the local economy and
strengthen its position as a leading regional player. With existing operations in Southern
Africa – Angola, Botswana, Mozambique, South Africa, and Zambia – the Bank is well-
positioned to offer stakeholders seamless access to diverse opportunities for expansion
and collaboration across the region.
The Bank will be working in the coming months to fulfil the conditions precedent to the
grant of final licence and will keep the market informed.
