AFG Holding SA acquires a majority stake in Access Holding

Abidjan, Côte d'Ivoire – AFG Holding announced the acquisition of a majority stake in Germany-based Access Holding and its African subsidiaries, following negotiations that began in 2020.

Sellers include British International Investment (BII), European Investment Bank (EIB), International Finance Corporation (IFC) and others. Founding partner LFS Advisory GmbH will ensure business continuity during the transition.

The transaction involves five African subsidiaries: Access Bank Liberia, Accès Banque Madagascar, AB Microfinance Bank Nigeria, Access Bank Rwanda and Access Bank Zambia. AFG Holding has obtained all necessary approvals from the relevant authorities.

Mr. Léon Konan Koffi, Chairman of AFG Holding, said that this acquisition strengthens the group's position as a pan-African bank, with an ambition to provide innovative digital financial services and contribute to financial inclusion in Africa.