Nigeria’s biggest bank Access to merge with Cavmont Bank Namibia

NAMIBIA – Access Bank, Nigeria’s biggest commercial bank has identified eight African countries for potential expansion into in the coming years, including Namibia with the proposed merger with Cavmont Bank Namibia. Access Bank’s ambition to branch out is aimed at benefiting from a continental free trade pact that came into effect on 1 January this year. The big South African banks – Nedbank, Standard Bank and the FirstRand Group – have a big continental footprint, but Access Bank has in recent years become a force to be reckoned with in…

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Bank of Namibia appoints Sencia Rukata as new head of banking services

NAMIBIA – The Bank of Namibia has appointed seasoned banker Sencia Kaizemi-Rukata as the new director of banking services, effective from the beginning January this year. Kaizemi-Rukata replaces former director Sam Shivute, who moved to treasury as the new head of the Namibia Revenue Agency in September last year. The department Kaizemi-Rukata will head is responsible for issuing banknotes and coins to Namibians and visitors and also provides security services and assets to the bank’s staff, and is responsible for the bank’s Oshakati branch. Before her appointment, Kaizemi-Rukata was a…

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