THE Bank of Zambia has announced that it has approved the acquisition of African Banking Corporation Limited (Atlas Mara) by Access Bank Zambia Limited and the subsequent merger of the two entities. In a statement, Saturday, BOZ assistant director-Communications Besnart Mwanza said the two banks would in the meantime operate as two separate entities until the process of regulatory consolidation and transitioning is completed. “The Bank of Zambia announces that it has approved the acquisition of African Banking Corporation Limited (Atlas Mara) by Access Bank Zambia Limited and the subsequent merger of the two entities effective March 23, 2022. This approval is reflective of the Bank of Zambia’s commitment to financial system stability and support to the banking sector in...