AFG Holding completed the acquisition of a controlling stake in Access Microfinance Holding.

AFG Holding, a company active in the banking and insurance sector, completed the acquisition of a controlling stake in Access Microfinance Holding, a company that offers mobile banking, digital finance, and microfinance services. Financial terms were not disclosed. “Since its foundation in 2006, the Access Group has disbursed more than 9 million loans totalling EUR 16 billion and has set a shining example for how responsible finance, financial inclusion and financial innovation can positively impact the lives of micro and small entrepreneurs and their local economies. By handing over the baton to AFG Holding, a private African investor, the founding investors have accomplished their mission of initiating sustainable development,” Thomas Engelhardt, AccessHolding CEO.