Dar es Salaam. Access Bank PLC has officially completed the acquisition of African Banking Corporation (Tanzania) Limited (BancABC Tanzania), having met all legal and regulatory requirements.
The acquisition marks a major milestone in Access Bank’s East African expansion strategy, with the entity now operating under the name Access Bank Tanzania Limited.
This acquisition follows Access Bank’s earlier purchase of Standard Chartered Bank Tanzania’s consumer, private, and business banking operations, further strengthening its foothold in the Tanzanian market.
By merging BancABC Tanzania’s operations into its structure, Access Bank aims to deliver a wide range of financial solutions designed to foster economic growth and financial inclusion in Tanzania.
In a statement issued to public on September 25, 2024 Executive Director of African Subsidiaries at Access Bank, Seyi Kumapayi, highlighted the significance of this deal in the bank’s growth strategy.
“This milestone reinforces our commitment to Tanzania’s economic development. By integrating BancABC Tanzania, we will enhance our ability to provide innovative financial services that meet the evolving needs of our customers while empowering local communities, especially women and youth,” the statement reads.
Managing Director of Access Bank Tanzania, John Imani, expressed optimism for the future, saying, “Joining the Access Bank family signals a new era for our operations. We are combining the best of both institutions to create a more competitive bank that prioritizes financial inclusion and excellent customer service.”
Customers of Access Bank Tanzania can look forward to enhanced banking services backed by a world-class payments gateway and a network of local and international partnerships.
The bank’s expansion across Africa also allows it to facilitate cross-border and domestic transfers, improving global payment and remittance services.
Access Bank emphasized its commitment to making a positive impact on communities and the environment, pledging to support sustainable growth in Tanzania through its financial and environmental initiatives.
With this acquisition, Access Bank Tanzania is set to play a key role in driving the nation’s financial progress while ensuring long-term, positive contributions to the community and environment.
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Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response
Addis Ababa, January 20, 2025</Strong> — Tanzania has declared a Marburg virus disease (MVD) outbreak after confirming one case and identifying 25 suspected cases in the Kagera Region of Northwestern Tanzania. The Marburg virus, a highly infectious and often fatal disease, is similar to Ebola and is transmitted to humans from fruit bats and monkeys. This outbreak marks the nation’s second encounter with the deadly virus, following the outbreak in Bukoba District of Kagera Region in March 2023, which resulted in nine cases and six deaths.
In response to this urgent threat, the Africa CDC is mobilizing strong support to help Tanzania contain the outbreak. A team of twelve public health experts will be deployed as part of an advance mission in the next 24 hours. The multidisciplinary team includes epidemiologists, risk communication, infection prevention and control (IPC), and laboratory experts to provide on-ground support for surveillance, IPC, diagnostics, and community engagement.
The Director-General of Africa CDC, Dr. Jean Kaseya, has engaged with Tanzania’s President Samia Suluhu Hassan and the Minister of Health to ensure coordinated efforts and secure political commitment for the response.
“Africa CDC stands firmly with Tanzania in this critical moment. To support the government’s efforts, we are committing US$ 2 million to bolster immediate response measures, including deploying public health experts, strengthening diagnostics, and enhancing case management. Building on Tanzania’s commendable response during the 2023 outbreak, we are confident that swift and decisive action, combined with our support and those of other partners, will bring this outbreak under control,” Dr. Kaseya stated.
Africa CDC has recently supported efforts to enhance the diagnostic and sequencing capacity of public health laboratories in Tanzania. PCR Test kits and genomic sequencing reagents have been dispatched, with additional supplies in the pipeline. To ensure rapid identification and confirmation of cases, the institution will also provide technical assistance to strengthen detection and genome sequencing for better characterization of the pathogen. Additionally, support will be provided to improve case management protocols and enhance the capacity to deliver safe and effective treatment.
Africa CDC is committed to working closely with the Government of Tanzania, regional partners, international organizations, and global stakeholders, including the World Health Organization, to stop the spread of the Marburg virus.
Source: allafrica.com
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