Access Bank has announced the acquisition of Standard Chartered Tanzania’s Consumer, Private, and Business Banking division.
The company made this announcement via its Tanzania branch Instagram handle on Monday, claiming the move “significantly expands its capacity to offer inclusive, digitally-driven financial services across Tanzania, East Africa, and beyond”.
Standard Chartered has been decoupling its banking presence across sub-Saharan Africa, having sold its shareholding in subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone.
