Q: Access Holdings recently announced the acquisition of Standard Chartered’s shareholdings in banking operations in Angola, Cameroon, Gambia, Sierra Leone and Tanzania. Can you talk about the rationale behind these acquisitions?
A: These transactions will complement our businesses in a number of markets where Access already has a presence. The exception to this is Standard Chartered’s consumer, private and business banking business in Tanzania. While we don’t have legacy operations in the country, we are in the process of finalising the acquisition of Atlas Mara’s banking assets there, and so will integrate these operations together.
