{"id":57222,"date":"2024-11-28T10:30:01","date_gmt":"2024-11-28T10:30:01","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=57222"},"modified":"2024-11-28T10:30:01","modified_gmt":"2024-11-28T10:30:01","slug":"access-holdings-finalizes-acquisition-of-standard-chartereds-assets-in-angola-sierra-leone","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/11\/28\/access-holdings-finalizes-acquisition-of-standard-chartereds-assets-in-angola-sierra-leone\/","title":{"rendered":"Access Holdings Finalizes Acquisition of Standard Chartered\u2019s Assets in Angola, Sierra Leone"},"content":{"rendered":"<p><em><strong>By Adenike Lawal<\/strong><\/em><\/p>\n<p>Access Holdings has completed the acquisition of Standard Chartered Bank&#8217;s operations in Angola, marking a pivotal step in its strategic expansion across Africa.<\/p>\n<p>The acquisition, facilitated by Access Bank&#8217;s commercial banking division, was first announced four months ago and has now been finalized.<\/p>\n<p>Beyond Angola, Access Holdings is set to finalize deals involving Standard Chartered&#8217;s subsidiaries in Sierra Leone, Gambia, and Cameroon, alongside its consumer and private banking operations in Tanzania.<\/p>\n<p>These acquisitions are poised to bolster Access Bank&#8217;s earnings by expanding its corporate and SME banking footprint in these key markets, according to CEO Roosevelt Ogbonna.<\/p>\n<p>\u201cThis move is in line with our ambition to become the \u2018World\u2019s Most Respected African Bank,\u2019\u201d Ogbonna stated.<\/p>\n<p>He highlighted the strategic importance of Angola, the largest oil producer in the region, noting that the acquisition positions Access Holdings for stronger market dominance in high-growth sectors.<\/p>\n<p>Standard Chartered\u2019s divestiture aligns with its global strategy to streamline operations and focus on wealth management.<\/p>\n<p>The bank is also considering selling its wealth and retail banking divisions in Zambia, Botswana, and Uganda, with plans to reinvest in other business areas.<\/p>\n<p>In a related development, Access Bank has announced plans to issue its first dollar bond in two tranches next year, further strengthening its financial standing for future expansions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal Access Holdings has completed the acquisition of Standard Chartered Bank&#8217;s operations in Angola, marking a pivotal step in its strategic expansion across Africa. The acquisition, facilitated by Access Bank&#8217;s commercial banking division, was first announced four months ago and has now been finalized. Beyond Angola, Access Holdings is set to finalize deals [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":57223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-57222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/57222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=57222"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/57222\/revisions"}],"predecessor-version":[{"id":57224,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/57222\/revisions\/57224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/57223"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=57222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=57222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=57222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}