- Access Holdings pledged up to $100 million to finance projects in Zambia’s energy, agriculture, and digital sectors.
- The group aligned its investments with Zambia’s national growth strategy, supporting industrial expansion, agriculture, and digital transformation.
Access Holdings Plc has pledged up to $100 million to finance transformative projects in Zambia’s energy, agriculture, and digital sectors, aligning with the country’s national growth strategy.
Chairman Aigboje Aig-Imoukhuede announced the commitment during a courtesy visit to President Hakainde Hichilema at the State House in Lusaka on Wednesday, August 13.
President Hichilema outlined power generation and transmission challenges, stressing the need for investment after recent open access reforms. He also urged a stronger banking sector support for agriculture and digital transformation, key drivers of Zambia’s economic plan.
Commending the government’s bold reforms, particularly in energy, Aig-Imoukhuede said Access Holdings would finance projects to strengthen power generation, transmission, and distribution. “Our financing arrangements of up to $100 million are designed to catalyse development in sectors that matter most to the economy,” he said.
Access Bank Zambia CEO Lishala Situmbeko said the bank is partnering with Industrial Development Corporation subsidiaries and is evaluating a 450 million kwacha investment in critical infrastructure. With copper output projected to hit 1 million metric tonnes this year, Situmbeko noted that reliable power is essential to sustaining mining-led growth.
Beyond energy, Access Holdings reaffirmed support for agricultural development and digital transformation initiatives. Presidential advisers Jito Kayumba and Pamela Nakamba praised the group’s investment strategy as closely aligned with national priorities.
Access Holdings, headquartered in Lagos and licensed by the Central Bank of Nigeria, operates through five subsidiaries, including Access Bank Plc, one of Africa’s largest retail banks with over 700 branches in over 20 countries.