Access Holdings Completes N179bn Acquisition of National Bank of Kenya, Expanding East African Presence

Access Holdings (NGX: ACCESSCORP), a Nigerian company, has finalized the acquisition of National Bank of Kenya for about N179.1 billion. The deal, executed on May 30, 2025, after regulatory approvals from Kenya and Nigeria, involves the transfer of certain assets and liabilities to KCB Bank Kenya Limited, a subsidiary of KCB Group Plc.

Access Holdings, in partnership with KCB Group and Afrexim, has entered into a guarantee agreement covering US$89.5 million for the Nigerian acquisition. This move signifies the growing confidence of Nigerian banks in the regional financial sector and aims to strengthen Access Bank's position in East Africa.