Access Bank Expands with $159m Bidvest Bank Acquisition in Africa

Access Bank has signed a significant deal to acquire South Africa's Bidvest Bank for $159 million as part of its expansion strategy in Africa. The acquisition, subject to regulatory approval, will make Access Bank the largest lender in Nigeria by customer base, strengthening its presence in key African markets.

Bidvest Group's sale of Bidvest Bank marks a major restructuring move since 2024, focusing on core segments. Access Bank aims to leverage this acquisition to enhance its influence as a powerful lender in Africa, with operations in 23 countries across three continents.

This deal aligns with Access Bank's aggressive growth and recapitalization efforts.