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Africa is at a pivotal moment regarding relations with key trade partners. The AfCFTA is gathering momentum, and AGOA remains a critical avenue for trade with the United States. To fully capitalise on these opportunities, African nations must undergo industrial transformation. But first, we urgently need AGOA to be renewed.
More needs to be done to stimulate the growth of SMMEs, as well as boost intra-African trade, to unlock the continent’s huge potential.
We are honoured to be recognised for our commitment to serving our clients and fulfilling our Purpose.
Since launching its climate policy in March 2022, the bank is on track to surpass its target of raising between R250 billion and R300 billion for sustainable finance by the end of 2026.
Standard Bank remains positive about the potential Africa has for growth, with vast opportunities identified in the areas of infrastructure, renewable energy, telecoms and new minerals as examples.
In a historic move that has forever altered the energy sector in South Africa, the year 2011 marked the dawn of a new era.
Standard Bank is accelerating its financing of renewables to catalyse Africa’s energy transition, its financing of renewable power generation exceeding its non-renewable energy power generation by a ratio of 4.9 to 1.
Bill Blackie is Chief Executive Officer of Business and Commercial Banking at Standard Bank Group Ltd.
Although small and medium businesses (SMEs) account for 95% of all registered businesses and contribute about 50% to the total GDP of sub-Saharan African countries, entrepreneurs still face major obstacles to growth and prosperity. Addressing their needs is essential to creating a prosperous Africa, says Standard Bank.