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.

“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.

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Access Bank’s leadership was recently validated by an update of its risk ratings by renowned international and national rating agencies like S&P, Fitch Ratings and Augusto & Co, thus validating the financial institution’s improved market position, strong capitalization, strong liquidity profile and larger distribution networks.

Winning awards has also been a habit over the years, as they have achieved global honours on various occasions. Some of them are the World Finance Award (2019), Karlsruhe Sustainable Finance Awards (2019), Euro money Private Banking (2018), and Central Bank of Nigeria (2018).

The Bank is focused on integrating sustainable business practices into its operations to stay true to its strategy of achieving continuous growth.
With a massive base of over 96,000 customers, Access Bank Mozambique is currently offering personalized and innovative solutions through a nationwide network of 11 branches.

The Bank is driven daily by the ambition to be the most respected African banking institution in the world, a dream whose realization lies entirely in the commitment exhibited by its employees. Valuing human resources is the infallible way to get equipped with technical and behavioural skills to build good internal and external relationships.

Access Bank Mozambique has consolidated its commitment to the communities where it operates and as part of that, the bank has been asserting itself by launching innovative products and services that meet the customers’ needs. Some of these include financial inclusion and savings products and a wide range of international trading products.

The Bank recently launched Access Africa, an international transfer platform allowing users (whether they are Access Bank customers or not) to send and receive money to and from all Access subsidiaries within Africa.

Txuna-Mpesa and Prepaid Cards in foreign currency are another set of innovative solutions (being the first ever African bank to do so) in the Credit category. Customers can take out loans at Access Bank Mozambique and receive money instantly, through M-Pesa, without needing a Bank account.

Prepaid Cards are rechargeable ones that allow customers to purchase and pay in physical and virtual stores in different currencies (MZN, USD, GBP, ZAR and EURO), without exchange rate fluctuations.

Committed to working with a focus on the satisfaction of its customers, partners and communities, Access Bank segments its social responsibility targets in line with the Sustainable Development Goals.

It presents itself as the bank for African women and youth through various empowerment, education and training projects. The bank also looks at promoting and implementing environmental sustainability as a top priority right now and it is coming up with guidelines and initiatives that meet the ever-changing climate concerns.

The Bank always welcomes achievements that recognize the quality of its services and honours its commitment to innovation and providing sound financial solutions. All these have been possible due to the financial institution’s highly professional and committed teams.

Access Bank has always shown immense gratitude towards its customers and stakeholders for being part of its wonderful journey. This transformational ride will only end when the bank achieves the title of the most respected African bank globally, which is not a distant possibility anymore.

The post Access Bank Mozambique: Moving towards achieving fast-track & sustainable growth appeared first on International Finance.