Standard Chartered to invest more in Africa to drive its growth

Tuesday August 9, 2016

Standard Chartered. Photo/Monicah Mwangi

Standard Chartered Bank plans to improve investment and leverage on international banking expertise to drive growth in Africa through a new brand campaign, Here for Africa.

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The bank currently supports more than one million retail customers in Africa and more than 25,000 commercial, corporate and institutional clients. Last November Stanchart committed to $3 billion (Sh300 billion) in investments globally, partly used to fund upgrade of digital and mobile banking platforms.

"Africa remains a key area of strategic investment for us as a group, as we focus in building our own strong franchise and growing safely across the continent," said the regional CEO for Africa and Middle East Sunil Kaushal.

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