Access Bank Zambia | Africa Inc.

Access Bank completes acquisition of Cavmont Bank Zambia

February 9, 2021February 9, 2021 Frank

ZAMBIA – The management of Access Bank Plc has announced that its Zambian subsidiary has completed the acquisition of Cavmont Bank Limited. The bank said the acquisition followed the fulfilment of key conditions, including regulatory approvals. Access bank made this known in a disclosure notice sent to the Nigerian Stock Exchange (NSE). In July 2020, Access Bank in Nigeria announced plans by its Zambian subsidiary to acquire Cavmont Bank Limited, a subsidiary of Cavmont Capital. The bank said at the time that it had “entered into exclusive discussions” with Cavmont…

Access Bank to increase Zambia market share through planned acquisition of Caymont Capital

July 13, 2020August 31, 2020 Frank

NIGERIA- Access Bank’s market share in Zambia is poised to increase if the advanced talks between the Bank’s Zambian subsidiary and Caymont Capital Holdings yield the expected outcome. The progress report on the possible acquisition of Caymont Capital by Access Bank Zambia, a wholly owned subsidiary of the Nigerian based multinational, Access Bank Plc was made public by the Nigerian Stock Exchange (NSE) in a corporate disclosure. The corporate disclosure to the Nigerian Stock Exchange (NSE) was duly signed by the Access Bank’s Company Secretary, Mr. Sunday Ekwochi. The disclosure…