Nigeria's Access Holdings plans to raise $1.8bn over 4 years for expansion and enter new markets like Morocco, Egypt, and the US.
Nigeria's Access Holdings Plc, parent company of Africa's largest bank by assets, plans to raise approximately $1.8 billion over the next four years for expansion. The funds will be raised through share, bond or other financial instrument issuance as part of a five-year growth plan beginning in 2021. The bank aims to enter new markets such as Morocco, Egypt, and the US, and double its assets outside Nigeria by 2027, aiming to rank among Africa's top five banks.
March 28, 2024
11 Articles