Access Bank Aims to Be Africa’s Gateway to the World, CEO Says

The video discusses a company's expansion strategy in Africa, focusing on entering 22 countries over five years, with a presence in key trade corridors. South Africa is not a priority due to its mature market. The company is not raising equity or debt, relying on existing capital for growth. The impact of the coronavirus on the Nigerian economy and oil prices is considered. Monetary policy changes, such as increased cash reserves, affect lending. The company partners with fintechs to drive innovation and plans to scale up customer numbers significantly, focusing on payment solutions.

What is the company's strategy for expansion over the next five years?

• To open in 22 countries focusing on large trade corridors

• To focus solely on the Kenyan market

• To expand only in the Francophone region

• To prioritize South Africa over other regions

Why is South Africa not a priority for the company's expansion?

• They are focusing on the Asian market

• There is no demand for their services

• The company lacks sufficient capital

• It is a mature market

How is the company funding its expansion plans?

• By raising equity

• By issuing debt instruments

• Using existing tier one capital

• Through government grants

What is the expected nominal growth for the company this year?

• 5%

• 20%

• 15%

• 10%

What is the company's expectation regarding the economic impact of the coronavirus?

• It will have a short-term impact and then normalize

• It will lead to permanent changes in the market

• It will have a long-term impact

• It will not affect the company at all

What is the company's approach to technology and Fintech partnerships?

• They rely solely on traditional banking methods

• They avoid partnerships with Fintechs

• They have their own innovation hub and partner with Fintechs

• They only partner with Fintechs in Europe

What is the company's target for customer growth in Nigeria by 2023?

• 150 million customers

• 75 million customers

• 50 million customers

• 100 million customers