Daily Digest Online

Access Bank has further expanded its African network with the acquisition of Standard Chartered Bank's business in Cameroon. This move is part of Standard Chartered's strategic withdrawal from several African markets and Access Bank's continued continental growth. Details of the Acquisition The acquisition, finalized on December 5, 2025, grants Access Bank control over Standard Chartered's full operations in Cameroon, including its customer base, staff, and existing infrastructure. Both institutions collaborated to ensure a smooth transition. This follows a familiar pattern for Access Bank, which completed a similar takeover of Standard Chartered's consumer, private, and business banking unit in Tanzania just six months prior. Strategic Context For Standard Chartered, exiting Cameroon aligns with a global strategy to simplify operations, reduce costs, and focus on larger markets. The bank has previously left Angola, The Gambia, Ta...