Access in P115m share sale

As at December 2023, Access Bank PLC held 78.15% equity in the local bank, a stake acquired through the purchase of ABC Holdings’ equity in early 2021. Over the two deals last week, Access reduced its direct shareholding in Access Bank Botswana from 78.15% to an estimated 69.99%.

While some details of the transactions were published on the Botswana Stock Exchange (BSE), no information was provided on the buyer or buyers of the shares. Outside of Access Bank PLC, the other major equity holder in Access Bank Botswana is the Botswana Public Officers Pension Fund which held 7.7 percent as at December 2023.