Nigeria, March 24 -- Access Bank Zambia Limited is on the cusp of merging with African Banking Corporation Zambia Limited (ABC) following an endorsement of the move by the Central Bank of Zambia.

Access Corporation, the parent company of the bank, announced this in a regulatory filing on Friday.

The business combination was first announced in October 2021 when Access Bank Plc entered a binding pact with Atlas Mara Zambia, owners of ABC Zambia, later culminating in the acquisition of the latter.

"The Central Bank of Nigeria and Common Market for Eastern and Southern Africa Competition Commission had earlier granted their "non-objection" to the transaction in 2022," Access Corporation said in the note seen by PREMIUM TIMES.

Access Bank ...