By Ayomide Otitoju
Access Holdings Plc has announced that its subsidiary, Access Bank Plc, has obtained a provisional license from the Bank of Namibia to establish a commercial bank in the country.
In a statement filed with the Nigerian Exchange Limited on Monday, Access Bank’s Managing Director and CEO, Roosevelt Ogbonna, hailed the move as a crucial step in expanding the bank’s presence in Southern Africa.
“This expansion marks a significant milestone toward building a presence in Namibia and advancing intra-African trade within the Southern African region and beyond,” Ogbonna said. “It reinforces our commitment to creating a robust banking network across Southern Africa that will deliver shared prosperity, promote financial inclusion, and empower individuals to achieve their dreams.”
Access Bank, which already operates in Angola, Botswana, Mozambique, South Africa, and Zambia, is aiming to strengthen its regional footprint with this move. Ogbonna expressed optimism about the potential for growth and collaboration in Namibia, stating, “We look forward to collaborating with local stakeholders to make meaningful contributions to the prosperity of Namibia.”
