April 20, 2021 – National Infinity Magazine

Access Bank acquires Botswana’s 5th largest bank

April 20, 2021April 20, 2021 Jasmin Ekua, Banking & Finance

Access Bank said on Monday it has agreed to buy a majority stake in African Banking Corporation of Botswana for cash, a month after it acquired a South African bank. Access Bank is expanding across Africa to counter stagflation at home and dollar shortages that have frustrated businesses. The lender will acquire just over 78 per cent of BancABC Botswana for cash of around 1.13 times book value and a two-year deferred payment, amounting to an undisclosed sum, Atlas Mara said in a statement. The latest acquisition from ABC Holdings,…

Chad’s Idriss Derby dies at war front, to be replaced by son

April 20, 2021April 20, 2021 Benjamin Chukwudaalu, Political Reporter

Chad’s President Idriss Deby Itno has died on the battlefield after three decades in power, the army announced on state television on Tuesday. The shock announcement came only the day after the 68-year-old was proclaimed the winner of a presidential election that had given him a sixth term in office. The army said Deby had been commanding his army at the weekend as it battled against rebels who had launched a major incursion into the north of the country on election day. Deby “has just breathed his last breath defending…