MON OCT 07 2024-theGBJournal| Access Bank Plc has obtained a provisional licence from the Bank of Namibia to establish a commercial bank in Namibia.
Access Bank parent company, Access Holdings Plc, revealed the move in a statement today, adding that Access Bank’s operation in Namibia is expected ”to stimulate the local economy and strengthen its position as a leading regional player.”
Roosevelt Ogbonna, Managing Director/CEO of Access Bank Plc said the expansion represents an important milestone towards establishing a railroad in Namibia for intra-African trade with 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,” Mr Ogbonna said.
Ogbonna also speaking on the bank’s global ambition said, ”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.”
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