Access Bank plans dollar-denominated securities sale to fuel expansion, targets entry into U.S. market by 2026
Bank eyes African dominance and global market growth amid international bank pullbacks.
Bank eyes African dominance and global market growth amid international bank pullbacks.
Wigwe died on Saturday in a helicopter crash in the United States.
Wigwe highlighted the significance of Access Holdings’ presence in the Hong Kong market, emphasizing its potential to boost cross-continental trade.
Following Kirubi’s demise, his son Robert Kirubi and daughter Mary-Ann Musangi received 80 percent of his fortune.
The deal is worth Ksh 4.3 billion ($36.7 million).
The $3.4-million payout represents the balance from their stake in Transnational Bank sold to Access Bank in 2020.
Wigwe nonetheless ranks among the wealthiest investors on the Nigerian Exchange.
The loss came off the back of profit-taking actions and portfolio-rotation activities on the Nairobi Stock Exchange.
BancABC Botswana is a well-capitalized franchise with impressive growth prospects in Southern Africa.
The dividend will be paid from the bank’s $211.1-million profits earned in the first half of 2021.
The surge in its market capitalization came on the back of a 12-percent rise in the bank’s share price.
An uptick in the bank’s share price steered the increase in his stake’s market value.
Access Bank Group also recently acquired Grobank South Africa.
The Nigerian tier-1 capital bank now has a controlling stake in Grobank.
Okonkwo is also the company’s CEO.
Access Bank Plc CEO Herbert Wigwe could earn over $3.02 million from the bank’s dividend in 2020.