We have a large presence in the East Africa region. In Uganda, Standard Bank Group owns the largest bank and in Kenya, we’re the eighth-biggest lender in a market of 43 commercial banks.
Kitili Mbathi, Chief Executive of Standard Bank Group’s East Africa operations, was at the US-Africa Leaders Summit this week and outlined some of our growth plans in the region and the challenges.
Read the interview with Bloomberg News: http://bit.ly/stnbkeast.
#USAfrica #AfricaSummit #USAfricaSummit
The Power Africa Initiative is a project driven by US President Barack Obama that aims to double access to power in Africa. Power Africa aims to add more than 10,000 megawatts of cleaner, more efficient electricity generating capacity, and in the process electrifying at least 20-million new households and commercial entities with on-grid, mini-grid, and off-grid solutions.
When asked yesterday at the US-Africa Business Forum what he would tell a potential (and cynical) investor in Africa, our Chief Executive Sim Tshabalala spoke of the increasing (positive) regulation in Africa.
He also spoke of the experience that Africa-based businesses offer to US investors. #USAfrica #AfricaSummit #USAfricaSummit
Watch the clip at http://www.africanews365.net/WMV/167552.wmv
“Africa is now being taken seriously and is open for business and partnerships,” Standard Bank Group Chief Executive Sim Tshabalala told an audience yesterday at the first US-Africa Business Forum in Washington DC, USA.
The forum took place yesterday at the historic US Africa Leaders Summit. The business panel discussions and speeches by various global, American and African business and political leaders energetically grappled with expanding the new era for business in Africa; financing the Africa of tomorrow; and leading developments in infrastructure.
Power outages cost more than 5% of gross domestic product (GDP) in Malawi, Uganda and South Africa. This and other problems caused by Africa’s inadequate power infrastructure have resulted in a strategic financing relationship between Standard Bank Group and General Electric.
We reaffirmed our partnership to bridge Africa’s energy financing gap at a Power Financing roundtable in Washington DC, USA. A financing agreement of US$350-million has already been confirmed by Standard Bank Group and General Electric.
Africa offers multinationals in the United States a compelling trade and investment opportunity thanks to the rapid economic growth rates being experienced across the continent along with burgeoning population growth and increasing urbanization.
Economic growth in sub-Saharan Africa has exceeded 5% a year for more than a decade now giving the continent a 4.1% share of global gross domestic product (GDP), up from 3.4% in 2000. By 2050 one in four of the world’s population will reside in Africa with at least 60% of the continent’s people living in urban centres.
The United States’ Commerce Secretary Penny Pritzker has revealed that deals worth almost US$1-billion would be announced during US President Obama’s US-Africa Leaders Summit being held early in August.
This is the first summit of its kind and the largest event that any US president has ever convened with African heads of state or government. President Obama will host leaders from across Africa in Washington DC for the event.
Standard Bank has again been chosen as the most valuable bank brand in Brand Finance South Africa's annual report on South Africa’s 50 most valuable brands.
MTN retained its position as the country`s most valuable brand, increasing its total brand value to US$5.38-billion (R57.13-billion) from US$5.17-billion in 2013, while Sasol came second, up one position from the previous year; and Vodacom came third, down one position.
The brand "Standard Bank" retained fourth placed position overall but came out as the country`s most valuable bank brand at US$1.59bn (R16.88bn).
Our colleagues at CfC Stanbic Bank in Kenya have opened the first ever digital experience bank branch in the country. The branch in Mombabsa's Nyali Centre Mall is set to radically alter the way customers take care of their financial needs and conduct their daily banking business.
Download the latest episode in South Africa's favourite radio soapie. It is also available in other languages at http://blog.standardbank.com/south-africa.
In this episode Mlu and Grace are supposed to go for counselling but Mlu is nowhere to be found. Has he gone back to drinking? Will they find him in a tavern?
When he eventually comes home, he gets very defensive when Grace confronts him. He says he was visiting his mother and didn’t have airtime to call Grace back. Why didn’t he use cell phone banking to recharge? Find out how this all plays out.