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

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

Assessment

Interactive Video

Business, Architecture

University

Hard

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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.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the two countries mentioned for opening this year and next?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the strategy for establishing a presence in the Francophone region?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is South Africa not a priority for expansion in the next three years?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the expected nominal growth for this year?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the spread of coronavirus impact the Nigerian economy according to the text?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures are being taken to manage liquidity in Nigerian banks?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do Fintechs play in the banking sector according to the discussion?

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