Access Bank UK to acquire Mauritius-based Afrasia Bank
- Access Bank UK to acquire majority equity stake in Afrasia Bank.
- Afrasia Bank is Mauritius’ fourth largest bank by total assets.
- The acquisition aims to expand personal and corporate banking services in Mauritius.
The acquisition of Afrasia Bank by Access Bank UK represents a significant strategic move that could enhance financial services in Mauritius and strengthen Access Bank's position in the African market. This expansion could lead to increased economic activity and better financial inclusion, but it will be important to monitor how effectively Access Bank integrates Afrasia Bank's operations and services.
