Standard Chartered Bank to exit key African markets to simplify its business

AFRICA – Standard Chartered Plc has announced the commencement of a strategic move to fully exit some African and Middle East markets. The bank in a statement said the markets are Cameroon, Gambia, Angola, Zimbabwe, Sierra Leone and two other markets in the Middle East. The multinational’s presence in Africa will drop to 10 from the current 15 countries. It…

Read More

AfDB approves US$50m for its RPA with Standard Chartered Bank

AFRICA – The African Development Bank (AfDB), has approved a US$50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank. The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa, in line with implementation aspirations of the African…

Read More