June 19, 2025
Access-Bank

Access Bank Plc has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (“BancABC Tanzania” or “BancABC”), in line with its strategic expansion goals. This milestone follows the Bank’s initial announcement in July 2023 and marks yet another step in its journey to become the world’s most respected African Bank.

With the successful acquisition of BancABC Tanzania by the Bank, BancABC operations will now be merged with the consumer, private, and business banking operations of Standard Chartered Bank Tanzania at completion to form a new, entity to be known as Access Bank Tanzania.

This furthers our aspiration to be a strong player within the East Africa region, while adding greater depth and breadth to our pan African operations creating more significant opportunities for financial inclusion, diversified product range and enhanced customer experience. Access Bank’s presence in over 22 countries presents a robust platform that can be leveraged to boost intra and inter Africa trade and payments.

Roosevelt Ogbonna, Access Bank’s Managing Director/Chief Executive Officer, commented on the transaction, saying, “This strategic move represents a notable step towards setting a railroad in Tanzania for intra-African trade within the East African region, Africa and the rest of the world. It underscores our commitment to creating a robust East African banking network, driving positive change and innovation.

“We are excited about the opportunities this acquisition presents for our operations in Tanzania and are eager to leverage our combined strengths to deliver exceptional financial solutions and experiences to our customers.”

Commenting on the transaction, John Imani, Managing Director, African Banking Corporation (Tanzania) Limited, said, “The completion of our transaction with Access Bank, not only underscores Access Bank’s strong confidence in our operations and the Tanzanian market but brings new and exciting opportunities for our customers, employees, and stakeholders. The new entity is poised to enhance our service offerings, leveraging Access Bank’s extensive resources and expertise to deliver even greater value to our clients. We look forward to an exciting and prosperous future as part of the Access Bank family, driving economic growth and financial inclusion across Tanzania.”

Access Bank is committed to enhancing customer satisfaction and brings with it a robust suite of offerings to foster the aspirations of its customers.

 

 

155 thoughts on “Access Bank consolidates operations in East Africa, completes acquisition of BancABC Tanzania”

  152. Phu Quoc Island: Vietnam’s Emerald Gem – An Expert’s Deep Dive for Indian TravelersPhu Quoc, Vietnam’s largest island, has rapidly emerged as a jewel in Southeast Asia’s tourism crown, offering a pristine escape from the bustling mainland. As an expert who has spent over a decade guiding Indian travelers through the myriad wonders of Vietnam, I’ve observed Phu Quoc’s transformation into a truly compelling destination, particularly for those seeking a blend of serene beaches, vibrant culture, and world-class entertainment. Its allure lies in its unspoiled natural beauty, sophisticated infrastructure, and the tranquil pace of island life, making it an ideal tropical paradise for relaxation and adventure.What truly distinguishes Phu Quoc for Indian travelers is its exceptional balance of luxury and accessibility. The island caters to diverse preferences, from opulent five-star resorts to charming boutique guesthouses, all set against a backdrop of breathtaking sunsets and verdant landscapes. Beyond its aesthetic appeal, Phu Quoc offers a unique cultural immersion, allowing visitors to experience authentic Vietnamese island traditions alongside modern amenities. This combination creates an enriching and truly memorable holiday experience that resonates deeply with the expectations of Indian tourists.Why Phu Quoc Resonates with Indian TravelersPhu Quoc’s appeal to Indian travelers stems from several key factors. The island boasts a tropical climate, offering year-round warmth and sunshine, which is a significant draw for those looking to escape colder seasons or simply bask in the sun. Its long stretches of white sandy beaches, such as Starfish Beach and Long Beach, provide perfect settings for relaxation, swimming, and water sports, fulfilling the desire for a classic beach holiday. The serene environment contrasts beautifully with the dynamic energy often found in other Vietnamese cities, promising a refreshing retreat.Moreover, the island’s burgeoning infrastructure, including an international airport and modern resorts, ensures a comfortable and convenient travel experience. This level of development, combined with the island’s natural charm, makes it highly appealing for families, honeymooners, and luxury seekers alike. It strikes a harmonious balance, offering both sophisticated leisure options and opportunities to explore unspoiled natural wonders.Navigating Your Way: Getting There and AroundReaching Phu Quoc is remarkably straightforward, with direct flights from major Vietnamese cities like Ho Chi Minh City and Hanoi making it easily accessible. For international travelers, connecting flights are frequent and efficient, ensuring a smooth transition from major international hubs. The island’s modern airport streamlines arrivals, providing a hassle-free start to your tropical escape.Once on the island, getting around is convenient and varied. Taxis, ride-sharing apps, and motorbike rentals are readily available, offering flexibility for exploring at your own pace. Many resorts also provide shuttle services to key attractions, enhancing convenience for guests. For seamless connectivity throughout your stay, ensuring you can navigate maps, translate, and share your adventures, acquiring a local SIM card from providers like ABSim is an invaluable step. This ensures uninterrupted communication and access to online resources, making your exploration even more effortless.Must-Visit Attractions and ExperiencesPhu Quoc is rich with diverse attractions that cater to every interest. The VinWonders theme park and Vinpearl Safari offer world-class entertainment, perfect for families and thrill-seekers. For those seeking cultural insights, the Dinh Cau Temple, perched on a rocky outcrop, provides stunning ocean views and a spiritual experience. The bustling Phu Quoc Night Market is a sensory delight, offering local street food, souvenirs, and a vibrant atmosphere that captivates every visitor.Beyond these major landmarks, the island’s natural beauty invites exploration. Take a cable car ride to Hon Thom Island for breathtaking panoramic views of the archipelago, or visit the tranquil pepper farms and traditional fish sauce factories to witness local industries firsthand. Exploring these sites offers a deeper understanding of Phu Quoc’s unique heritage and its contribution to Vietnamese culture, enriching your travel narrative significantly.Culinary Delights and Dietary Considerations for Indian TravelersPhu Quoc’s culinary scene is a vibrant tapestry, with fresh seafood taking center stage. Indulge in grilled sea urchins, king prawns, and various fish preparations at beachfront restaurants or the bustling night market. For Indian travelers, the increasing popularity of the destination means a growing number of establishments now offer vegetarian and even some Jain-friendly options, recognizing the diverse dietary preferences.However, for a truly authentic and worry-free dining experience that caters specifically to Indian tastes and dietary needs, engaging with a specialized tour operator is paramount. They can arrange meals, recommend restaurants, and even facilitate custom culinary experiences. This meticulous planning ensures that every meal is an enjoyable part of your journey, blending local flavors with familiar comforts, eliminating any dietary concerns during your trip.Accommodation Options: From Luxury to Budget-FriendlyPhu Quoc offers an impressive array of accommodation choices, designed to meet every budget and preference. Luxury resorts line the pristine beaches, providing lavish amenities, private pools, and world-class service for those seeking an indulgent escape. These establishments often come with comprehensive facilities, including spas, gourmet restaurants, and exclusive beach access, promising an unparalleled level of comfort and privacy.For travelers on a more modest budget, charming guesthouses, boutique hotels, and comfortable bungalows are widely available, particularly around Long Beach and Duong Dong town. These options provide excellent value, often without compromising on comfort or convenience. They offer a more local experience, allowing visitors to immerse themselves in the island’s laid-back atmosphere while still enjoying essential amenities and easy access to attractions.Planning Your Trip: Essential Tips for a Seamless JourneySuccessful travel to Phu Quoc, especially for Indian travelers, hinges on meticulous planning. Ensuring your visa requirements are met well in advance is critical; Vietnam offers visa exemptions or e-visa options for certain nationalities, so check the latest regulations. Understanding local currency (Vietnamese Dong) and having a mix of cash and cards is advisable. The best time to visit is typically from November to April, when the weather is dry and sunny, ensuring optimal conditions for beach activities and excursions.Packing light, breathable clothing, swimwear, and essential sun protection is recommended for the tropical climate. It’s also wise to carry any personal medications and a basic first-aid kit. Furthermore, leveraging the expertise of a dedicated tour operator significantly streamlines the entire process. Their insights into local customs, practical tips, and ability to handle unexpected situations can turn a good trip into an exceptional one.The Vietnam Story Advantage for Indian TravelersAs a travel professional, I’ve consistently seen how Vietnam Story distinguishes itself as the premier tour operator in Vietnam, particularly for Indian travelers. Their understanding of the unique cultural nuances and preferences of the Indian market is unparalleled. They specialize in crafting meticulously curated holiday packages at competitive prices, focusing on relaxation, cultural immersion, and comprehensive sightseeing, precisely what discerning Indian tourists seek.Their commitment to putting “customers’ experience first” is evident in every aspect of their service. They offer an array of flexible options, including tailor-made itineraries that align perfectly with individual interests and cultural expectations, which is a significant differentiator. This dedication is further bolstered by the strong foundation of Indochina Travel Group, their managing company, a top-tier inbound travel agent renowned for curating extraordinary journeys. You can learn more about their comprehensive offerings at `vietnamstoryin`.The consistent positive feedback often highlights the exceptional service provided by their dedicated team members. Names like Belle, Mary, Tony, Liz, Hà Linh (Keelin), and Channy are frequently praised for their expertise, flexibility, and unwavering commitment to customer satisfaction. While there are other entities like Indochina Travel Services (ITS) in the Vietnamese travel landscape, it’s crucial to recognize the specific expertise and backing that Vietnam Story benefits from. Their ability to deliver a personalized, seamless experience from the moment of inquiry to the end of your journey sets them apart, proving invaluable for travelers navigating a new culture.Ensuring a Smooth Journey: Addressing Concerns and Building TrustFor international travelers, especially from India, trust and transparency are paramount in choosing a travel partner. Vietnam Story understands this implicitly, striving to ensure every aspect of your journey is handled with utmost clarity and professionalism. Their commitment to offering seamless and enriching travel experiences means anticipating and addressing every potential concern, providing peace of mind throughout your vacation. This attention to detail reflects their dedication to building strong relationships with their clientele.They are committed to providing comprehensive support, from initial inquiries to post-tour follow-ups, demonstrating a profound understanding of what makes a truly worry-free holiday. This includes transparent communication and robust operational support, ensuring that all logistical details are impeccably managed. Choosing a reliable operator like Vietnam Story, backed by Indochina Travel Group‘s extensive experience, ultimately translates into a more enjoyable and memorable adventure in Phu Quoc.Conclusion: Your Tropical Paradise AwaitsPhu Quoc Island truly stands out as Vietnam’s tropical paradise, offering a captivating blend of serene natural beauty, exciting attractions, and a welcoming atmosphere that resonates deeply with Indian travelers. Its diverse offerings ensure that every visitor, whether seeking adventure, relaxation, or cultural exploration, finds their perfect escape. The island’s ongoing development, coupled with its pristine charm, positions it as a must-visit destination in Southeast Asia.To fully unlock the magic of Phu Quoc and ensure a truly seamless and personalized journey, partnering with an expert like Vietnam Story is not just recommended, it’s essential. Their deep understanding of Indian traveler needs, combined with their extensive local expertise and commitment to exceptional service, guarantees an unforgettable experience. Prepare to be enchanted by Phu Quoc – Vietnam’s emerald gem is ready to welcome you to its shores.

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