International Finance
BankingFeatured

Access Bank strengthens Mozambique society through community engagement

IFM_Access Bank Mozambique

Access Bank Mozambique presents itself as a young bank for young people, with a strong commitment to the well-being of the communities it serves. Emboldened by the vision of delivering sustainable economic growth that is profitable, environmentally responsible and socially relevant, the venture has been steadily investing in staff training and capacity building over the years, while reinforcing its commitment to financial literacy.

The bank has remained committed to the cause of promoting financial education through accessible and comprehensive programmes, intending to empower communities, especially the rural ones. Access Bank Mozambique is backing these programmes to help the African nation’s population make informed and responsible decisions about their financial health.
IFM-Access3

“Every year, the Bank holds financial literacy sessions in various schools across the country, in the provinces where it operates. In 2023 alone, the initiative reached around 1,300 elementary school pupils,” stated Access Bank Mozambique, while interacting with International Finance.

“Initiatives around education have already benefited thousands of young people, namely through the equipping of school libraries, a programme created in 2022. In 2023, the initiative covered 14,000 students in the provinces of Tete and Nampula. In 2024, we have so far implemented this initiative in Chimoio and Nacala, where we have given away more than 1,000 books and impacted more than 10,300 students. The project aims to contribute to quality education by ensuring that more schools have access to books,” it stated further.

Access Bank Mozambique believes that the knowledge of basic literacy principles results in sound choices that benefit everyone’s future. This is why it has been developing various initiatives to educate the population, especially young people, on how to effectively manage their finances.

As a responsible bank with an eye on the future of young Mozambicans, Access Bank is now considering the education sector to be one of the fundamental pillars for the African country’s socio-economic development. Initiatives in this area, including sports, have benefited thousands of young Mozambicans, namely by equipping secondary school libraries.

In 2022, the Bank began a nationwide project to equip libraries, which was expected to continue into 2023. Last year alone, the initiative covered 14,000 students in the provinces of Tete and Nampula. The project, which has been drawn up in partnership with Alcance Editores, aims to contribute to quality education in the African nation, ensuring that more schools have access to books. This action also promotes knowledge among students and teachers, and also encourages reading habits.

“As part of its commitment to employability, the Bank trains young graduates as part of its Graduate Programme, which covers all the countries where Access Bank is present. The selected participants attend theoretical and practical classes and psychotechnical exams for six months at the School of Banking Excellence, located in Nigeria. The Bank continues to invest in various education projects which, in recent years, have reached an increasing number of people,” Access Bank Mozambique stated further.

Talking about the above initiative, which began in 2019, has already trained 49 candidates, 22 of whom are working at the Access Bank Mozambique itself. The selected participants undergo theoretical and practical classes and psychotechnical exams for six months at the School of Banking Excellence, located in Nigeria, the Group’s headquarters.

Access Bank Mozambique, in addition to investing in empowerment, education, and training projects, has also contributed to sports development in the country. In 2023, the bank rehabilitated the Futsal Field at the Maputo Commercial School by installing solar lighting and improving the fencing.

The bank’s commitment to supporting women and young people is evident through its investment in various projects that have positively impacted an increasing number of people.

What's New

Business Leader of the Week: Challenges await Akio Toyoda as he gets re-elected as Toyota boss

IFM Correspondent

Saudi wealth fund PIF set to issue sterling-denominated bonds

IFM Correspondent

IF Insights: EU talks tough at China on trade front, but at what cost?

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.