Access Bank unveils initiatives to empower small businesses, boost intra-African trade

Access Bank Plc has launched a comprehensive suite of initiatives aimed at empowering small businesses across Africa and enhancing intra-African trade.

In a recent media roundtable, key executives, including Acting GCEO Ms. Bolaji Agbede and Group Managing Director/CEO Roosevelt Ogbonna, shared their strategic vision for the upcoming years, emphasizing the bank’s commitment to driving economic growth on the continent.

“Our commitment to fostering economic growth in Africa is well established,” Agbede stated. “We believe that by supporting small businesses, we can create lasting economic value and drive meaningful change across the continent.” This vision is reflected in the bank’s strategic priorities for the period from 2023 to 2027.

Ogbonna outlined these priorities, which center on critical areas such as infrastructure investments, retail banking enhancements, and the empowerment of small enterprises.

“We aim to provide an enabling environment for small businesses to access new markets on the continent,” he explained. To this end, Access Bank is set to host a trade conference in November, aimed at connecting small businesses and stimulating intra-African trade opportunities.

The bank’s commitment to infrastructure investment is demonstrated by the opening of 61 new branches across Nigeria this year, despite prevailing economic challenges. “This expansion showcases our dedication to enhancing retail banking and increasing access to financial services for our customers,” Ogbonna noted.

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In addition to physical branch expansion, Access Bank is innovating by developing fully digitalized branches, referred to as ‘branches of the future.’ These branches will utilize advanced technology to broaden financial access, particularly for underserved communities.

Access Holdings, the parent company of Access Bank, is also intensifying its focus on regional trade dynamics. By fostering partnerships and collaborations among small businesses, the organization aims to create a robust network that supports economic development across the continent.

“We are committed to building a sustainable ecosystem that empowers businesses and drives growth,” Ogbonna reiterated.

As Access Holdings continues to broaden its presence throughout Africa, it remains steadfast in its mission to create lasting economic value and empower businesses that can affect significant change.

The initiatives announced signal a proactive approach to nurturing the continent’s economic landscape, ensuring that small businesses are equipped to thrive in an increasingly interconnected market.