comparemela.com

Latest Breaking News On - போட்ஸ்வானா வரையறுக்கப்பட்டவை - Page 1 : comparemela.com

Access Bank: Staying Ahead of the Pack

Access Bank: Staying Ahead of the Pack
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Access Bank completes acquisition of Mozambique s African Banking Corporation

Hedging against Inflation

Goddy Egene writes that as inflation rate remains above 18 per cent, the stock market still provides investors opportunity to earn positive returns on their investments When investors stake their funds, their expectation is to reap positive returns on investments. That means a return that is above inflation rate. And considering the fact that inflation rate stood at 18.12 per cent as at the end of April 2021, investors must invest in securities that would produce a return of above 18.12 per cent. Although it is difficult to come across investment that can give yields above inflation rate, the equities market offers investors opportunity to enjoy positive returns. However, for investors to earn such positive returns in the equities market, they must seek the advice of professionals. This is so because just as the market is capable of fetching positive returns, investors could also lose their investments if not well guided by professionals.

Access Bank buys Mozambique s African Banking Corporation -- fifth acquisition in 4 years

Advertisement This is the bank’s fifth acquisition in four years. In 2018, the lender acquired Diamond Bank through a merger and acquisition deal, completed in 2019. In the fourth quarter of the same year, it acquired Transnational Bank (Kenya) Plc. Advertisement In August 2020, the bank also announced the acquisition of Cavmont Bank Limited through a merger deal and finalised the process in January 2021. It has also acquired Grobank in South Africa and now completed the acquisition of Mozambique’s African Banking Corporation. Advertisement In a corporate filing on Tuesday, Sunday Ekwochi, Access Bank secretary, said Access Mozambique will now move towards integrating and merging BancABC Mozambique into its operations, “which is expected to create the seventh-largest bank in the Mozambican banking market.”

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.