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Standard Bank recognised at 2016 Euromoney Awards for Excellence

     7th July 2016 Standard Bank has been recognised as Africa’s Best Bank for Markets and Africa’s Best Bank for Wealth Management at the 2016 Euromoney Awards for Excellence, in London. In addition, Euromoney also named Standard Bank as the Best Bank in Uganda, (Stanbic Uganda) and in Zambia, (Stanbic Zambia).... 

Congo miners stare into abyss after commodities slump

By: Reuters     5th July 2016 At a mining conference in Democratic Republic of Congo's mining capital, Lubumbashi, last month, government officials and mining company executives huddled around two big tables, brainstorming how to save a failing copper mine. The mine was fictional but the scenario was all too real: Africa's... 

Standard Bank and Vumatel accelerate delivery of high-speed fibre to South African suburbs

     19th April 2016 Standard Bank and Vumatel have signed a significant finance deal on 19 April 2016, which will provide Vumatel with the financial resources required to speed-up the delivery of broadband internet services and expand into new markets within South Africa.  The deal, likely to be one of the largest... 

$240m China, SA investment for Uganda phosphate project

By: Ilan Solomons     4th March 2016 The Sukulu phosphate project, in Tororo district, Uganda has received $240-million in development funding, which represents one of the largest privately-funded mining sector investments in Uganda and sets a “unique precedent” for public-private partnerships in the country, says Uganda’s Ministry... 

Standard Bank and ICBC to raise R10 billion to support SA power generation

     4th December 2015 Over the next five years, Standard Bank will assist its strategic partner, the Industrial and Commercial Bank of China to raise R10 billion  to support the development of South Africa's power generation infrastructure, said Standard Bank Group Chief Executive Sim Tshabalala. This follows the... 

Xenophobic attacks a big worry for business

By: News24Wire      22nd April 2015 In a strongly-worded statement, Business Against Crime South Africa (Bacsa) said on Tuesday it is clear that the recent xenophobic attacks cannot be managed by the South African Police Service alone, and it is therefore calling on President Jacob Zuma and the South African National Defence Force... 

Construction of new Jomo Kenyatta airport terminal to begin in January

By: John Muchira     5th December 2014 After a delay of more than three years, construction of a futuristic terminal at Kenya’s Jomo Kenyatta International Airort (JKIA) is finally to start in January. Kenya Airports Authority (KAA) MD Lucy Mbugua says government has appointed the African Development Bank (AfDB) to be the lead... 

Sub Saharan African equity issuance triples to US$ 6.4 billion in the first nine months of 2014

     22nd October 2014 • Investment banking Fees for Sub Saharan African Investment Banking services totalled US$118.6 million during the third quarter of 2014 • The value of announced M&A transactions involving Sub Saharan African targets reached US$12.3 billion during first nine months of 2014 

Standard Bank commits more funding to Power Africa initiative

By: Sashnee Moodley     5th September 2014 Banking group Standard Bank has reinforced its commitment to the Power Africa Initiative amidst an increasing pipeline of power projects across sub-Saharan Africa.  

South Africa home to new digital wallet

By: Natasha Odendaal     15th July 2014 As e-commerce and digital payments gain traction worldwide, Mastercard, in conjunction with Standard Bank, on Tuesday launched a digital wallet mobile phone application, MasterPass, as a new way to transact safely and securely when shopping online. MasterPass would enable South Africans to... 

Pembani appoints new CEO

By: Leandi Kolver     24th June 2014 Investment holding company Pembani on Tuesday announced that it had appointed outgoing Barclays Africa CEO Kennedy Bungane as CEO of the group with effect from August 1. Prior to joining Barclays, Bungane had worked within the Standard Bank group, had been the National President of the... 

Talent development critical to sustaining ‘Africa Rising’ narrative

By: Zandile Mavuso     20th June 2014 Africa hosts some of the fastest-growing economies in the world as a result of improved economic governance, accelerated infrastructure investment, rising commodity output and exports and the emergence of a larger middle class. However, there are also concerns about the current lack of talent... 

Talent development critical to sustaining ‘Africa Rising’ narrative

By: Zandile Mavuso     20th June 2014 Africa hosts some of the fastest-growing economies in the world as a result of improved economic governance, accelerated infrastructure investment, rising commodity output and exports and the emergence of a larger middle class. However, there are also concerns about the current lack of talent... 

Sasol’s Kahla new Rhodes council chairperson

By: Tracy Hancock     19th March 2014 The Rhodes University council has elected Rhodes alumnus Vuyo Kahla its new and first black chairperson, the Grahamstown-based university announced on Wednesday. Kahla, who had served the university as a member of both its council and board of governors, took over from Judge Jos Jones, who... 

BLSA ushers in high-profile board members

By: Natalie Greve     13th February 2014 Following a reshuffle of its executive body, Business Leadership South Africa (BLSA) has announced changes to its board of directors, which would now comprise several of South Africa’s heavy-hitters in business. The new board, effective from February 20, would be led by president and Stanlib... 

Kinangop wind park project, Kenya

By: Creamer Media Reporter      6th December 2013 The project has achieved financial close. 

Kinangop wind park project, Kenya

By: Sheila Barradas     8th November 2013 Kinangop wind park project is the first in a series of projects under US President Barack Obama’s Power Africa initiative. 

Standard Bank, ICBC provides $108m for Kenya power project 

By: Leandi Kolver     17th October 2013 Standard Bank and the Industrial and Commercial Bank of China (ICBC) on Wednesday concluded a $108-million debt-financing package with power producer Triumph Kenya for the construction of an 83 MW heavy fuel oil plant. Standard Bank group company CfC Stanbic Bank contributed $28-million of the... 

Phaswana appointed joint Mondi chair

By: Creamer Media Reporter      21st May 2013 International packaging and paper group Mondi has appointed Fred Phaswana as joint chairperson with effect from June 1. Phaswana, who was currently chairperson of Standard Bank Group, Standard Bank of South Africa, the South African Institute of International Affairs and nonexecutive director of... 

Big renewables financing push a highlight of bank’s sustainability report

By: Joanne Taylor     17th May 2013 Standard Bank Group (SBG) has recently released its 2012 ‘Sustainability Report’ and says its sustainability programmes are mutually reinforcing and have served the company well. 

Standard Bank funds $126m Ghanaian desalination project

By: Creamer Media Reporter      19th February 2013 Financial services provider Standard Bank has arranged an international financing package for the development of a $126-million 60 000 cubic metres a day desalination plant in Accra, Ghana. Spanish infrastructure company Abengoa and the Sojitz Corporation of Japan, which were investors in the... 

Company Announcement: Eaton Towers appoints executive team in Ghana

     16th August 2012 Eaton Towers, the African tower ownership and management company, has appointed Gareth Townley as Managing Director and Adnan Quddus as Chief Financial Officer of its Ghanaian operations 

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