AFG Holding acquires majority stake in Access Microfinance Holding AG for €150m+, focusing on digital financial services in Africa.

AFG Holding SA has acquired a controlling stake in Access Microfinance Holding AG and its African subsidiaries, valued at over €150 million. This move aims to establish a pan-African banking group focused on digital financial services, enhancing AFG's presence in Central, West Africa, and the Indian Ocean. The acquisition is expected to improve financial inclusion, leveraging AFG's and AccessHolding's combined expertise in technology and microfinance.

September 19, 2024
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