Access Bank, the commercial banking division of Nigeria’s biggest lender Access Holdings, will establish a unit in Namibia following a tentative permit from the Bank of Namibia.
It plans to satisfy the preconditions to securing a definitive licence in a matter of months, the parent company said on Monday in a regulatory filing at the Nigerian Exchange.
“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,” Roosevelt Ogbonna, Access Bank’s managing director, said.
