Nigeria’s Access Bank Plc has completed the acquisition of the African Banking Corporation Tanzania (BancABCT) as it seeks to deepen its foothold in East Africa’s banking market.
The lender, which is listed on the Nigerian Stock Exchange (NSE), disclosed that it had completed the acquisition of a majority equity stake in BancABCT, a subsidiary of London-listed Atlas Mara Ltd, an Africa-focused special-purpose acquisition company with stakes in different banks across the continent.
