It stated that the deal involved a transition period with LFS Advisory GmbH, one of AccessHolding’s founding partners, still in place to ensure a handover.
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The Chairman of AFG Holding SA, Léon Koffi, stated, “This acquisition is a major step in building a pan-African banking group. The synergy between AFG’s digital expertise and AccessHolding’s experience in risk management and microfinance will significantly impact financial inclusion across Africa.”
As of December 2023, the combined loan portfolio of Access Holding’s African subsidiaries stood at EUR 135m, with full regulatory approvals granted by various central banks and the Common Market for Eastern and Southern Africa.
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