Malta is the New Destination for African Business …as Access Bank Moves to Malta

       As the sirens of Christmas tradition prepare us for the landing of the New Year, Access Bank, led by the visionary Aigboje Aig-Imoukhuede, has made yet another bold move, establishing a fully owned subsidiary in Malta. Experts say that this expansion isn’t just a geographical leap—it’s a strategic bridge between Africa and Europe, creating seamless trade and financial services opportunities.

Malta, perched in the Mediterranean, offers unmatched access to Europe, North Africa, and the Middle East. With English as a lingua franca and favourable tax laws, it’s a business paradise. By setting up shop here, Access Bank is positioning itself to tap into a trifecta of markets with unparalleled ease.

This move reflects a growing recognition of Malta’s importance in global trade. As Europe continues to be Africa’s top trading partner, initiatives like the EU-Africa Economic Partnership and AfCFTA have become critical. So, Access Bank’s presence in Malta is timely, enhancing cross-border trade with precision.

From its humble beginnings in 1988 to its current standing as Africa’s largest bank, Access Bank’s journey is nothing short of meteoric. Aig-Imoukhuede and his team have turned ambition into action, with recent acquisitions like Kenya’s National Bank, cementing their pan-African dominance.

Malta’s stability, modern infrastructure, and skilled labour force make it an ideal base for Access Bank’s international trade finance operations. With an initial team of 30 professionals, the subsidiary is clearly ready to boost economic growth across continents while offering top-notch banking services.

Roosevelt Ogbonna, Access Bank’s CEO, aptly remarked that this move reinforces their role as Africa’s gateway to the world. With Malta as a launchpad, the bank is not only facilitating trade but also redefining how African businesses connect with global markets.