Inspiring Leadership & Sustainable Business Transformation in Africa
AFRICA – Standard Chartered has appointed Bongiwe Gangeni as Head of Private & Business Banking (CPBB), Africa & Middle East, and Europe (AME/E), subject to regulatory approval. Bongiwe will be based in Dubai when she joins the Bank in March 2022. Bongiwe is joining Standard Chartered from Absa, where she spent the last 14 years, most recently as a member…
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KENYA – Standard Chartered Bank Kenya has appointed two new directors to replace Eng. Patrick Obath and Ian Bryden who left the board one month ago. The new directors are technology and innovation expert Nivedita Sharma and banking professional Birju Sanghrajka. Nivedita will serve as a non-executive director on the board chaired by Kellen Eileen Kariuki. She is a tech expert and…
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MEA – Standard Chartered, a financial institution, has appointed Lina Osman as Regional Head of Sustainable Finance for Africa and the Middle East, as part of the Bank’s ongoing efforts to provide sustainable financing solutions across its regional footprint. Lina will work closely with Standard Chartered’s senior management and broader sustainable finance team, as well as the Bank’s coverage, industry,…
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KENYA – Kellen Kariuki has been appointed as the new Chairperson of the Board of directors of Standard Chartered Bank Kenya, following the retirement of Engineer Patrick Obath. Her appointment took effect from May 31, 2021. Prior to her appointment to chair the board, she served as an independent non-executive director of the board since her appointment on 10th February 2021.…
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KENYA – Standard Chartered Bank Kenya, a subsidiary of the British multinational financial conglomerate Standard Chartered headquartered in London, has allocated US$3 million funding to Devki Group which is the bank’s Covid-19 financing initiative to support companies and communities during Covid-19 recovery. Devki utilized part of the financing to supply oxygen cylinders to hospitals across the country which are serving individuals…
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SOUTH AFRICA – Africa’s leading data, voice and IP provider Liquid Telecom has raised US$840 million in a bond sale to refinance debt and further expansion into Africa. The sale was conducted by joint bookrunners JPMorgan Chase & Co, Standard Chartered and Standard Bank Group, Liquid chief financial officer Kate Hennessy told TechCentral. The amount raised included a US$100-million investment…
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MOZAMBIQUE – Vale. SA, world’s largest iron ore producer, has hired investment banks Barclays and Standard Chartered to sell its Mozambique metallurgical and thermal coal mine and port project, have told Club of Mozambique, as the Brazilian miner works to become carbon neutral by 2050. Vale joins top miner BHP BHP.AX, BHPB.L and others who are keen to shed coal,…
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AFRICA – CDC Group, the UK’s development finance institution and impact investor, has committed an additional US$100 million commitment to its existing master risk participation agreement with Standard Chartered. This new commitment comes at a particularly challenging time as the COVID-19 pandemic has created severe liquidity pressures for banks and businesses across Africa and South Asia, exacerbating the existing pressure…
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