Access Holdings PLC, the guardian firm of Access Bank, has reaffirmed its long-term strategic blueprint anchored on a deliberate and structured development: scale, optimise, and maintain.
This roadmap, which has pushed the Group’s aggressive enlargement throughout Africa and into key international markets, is now getting into an important optimisation part, anticipated to unlock important worth for stakeholders because the organisation heads towards 2027.
Speaking on the technique, Bolaji Agbede, Acting Group Chief Executive Officer, famous: “Our approach has always been clear: scale first through strategic expansion, then optimise through consolidation, synergy realisation, and operational efficiency. During the scale-up phase, a considerable amount of funding is required to drive investments in people, systems, infrastructure, and acquisitions.
“But as we move deeper into the optimisation phase, we will begin to see the full benefits manifest, especially in terms of profitability, capital efficiency, and shareholder returns.”
Access Holdings’ five-year strategic plan, which runs by means of to 2027, additionally locations {financial} inclusion and influence on the core of its progress agenda. By increasing digital entry and scaling low-cost supply platforms, the Group goals to onboard hundreds of thousands of beforehand unbanked and underserved people and MSMEs throughout Africa into the formal {financial} system. This is a part of a broader technique to boost intra-Africa commerce, empower smallholder companies, and strengthen the worth chain throughout key sectors together with agriculture, commerce, and manufacturing.
The Full Year 2024 {financial} outcomes reveal that the Group’s investments are already yielding significant outcomes. Gross earnings rose to N4.878 trillion from ₦2.594 trillion in 2023, whereas revenue earlier than tax elevated by 19% to N867.0 billion. Total property surged by 55.5% to N41.498 trillion, reinforcing Access Holdings’ place as one among Africa’s most formidable {financial} providers establishments.
Access Holdings has continued to deepen its footprint throughout greater than 20 markets, together with key subsidiaries within the UK, France, South Africa, and main commerce corridors in Asia and the Middle East. These strategic investments, though capital intensive, are already contributing to a extra diversified earnings base and positioning the Group as a world participant from Africa.
As the Group transitions into the optimisation part, its focus will shift to streamlining operations, deepening digital innovation, enhancing buyer expertise, and bettering capital productiveness. A vital a part of this part is leveraging knowledge and know-how to enhance entry, scale back transaction prices, and speed up {financial} inclusion, notably for ladies, youth, and rural communities.
“We are confident that as we approach 2027, the full impact of our strategic moves will become evident. This is about growing bigger and becoming better, faster, and more resilient,” Agbede said.
