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To make the decisions that drive Africa’s growth, you need to be informed. Get all the banking and financial news from across Africa and around the world.
Tanzania is now ranked 4th highest in terms of overall attractiveness for trade in Africa. Its leap in the rankings was boosted by the country’s substantial investments in infrastructure and better access to finance, enabling businesses to engage more actively in cross-border trade.
In the heart of South Africa’s agricultural sector, a remarkable milestone has been achieved.
The Board of Directors of Stanbic IBTC Holdings PLC (“the Company”) hereby announces the retirement of our Chief Executive, Dr. Demola Sogunle, with effect from 31 October 2024.
By Margaret Nienaber, Chief Operating Officer, Standard Bank Group
Standard Bank makes it a hat-trick of international recognition
Africa’s AfCFTA trade agreement is the world’s largest free trade bloc. It opens access to potential markets of about 1.3 billion people and an estimated combined GDP of US$3.4 trillion.
Standard Bank is accelerating its financing of renewables to catalyse Africa’s energy transition, its financing of renewable power generation exceeding its non-renewable energy power generation by a ratio of 4.9 to 1.
Bill Blackie is Chief Executive Officer of Business and Commercial Banking at Standard Bank Group Ltd.
Although small and medium businesses (SMEs) account for 95% of all registered businesses and contribute about 50% to the total GDP of sub-Saharan African countries, entrepreneurs still face major obstacles to growth and prosperity. Addressing their needs is essential to creating a prosperous Africa, says Standard Bank.