Standard Chartered Bank (STAN|LSE; SCBFF|OTC MKT), which is based in the U.K. (as opposed to Standard Bank, which is headquartered in South Africa), has a new drive to expand in Africa.
“Contributing about 10 per cent of the Standard Chartered Group profitability, the African business supports over 1 million retail customers in Africa and over 25,000 commercial, corporate and institutional clients. The campaign has been launched barely four months since the Standard Chartered Group Chairman Sir John Peace visited Kenya during which he reiterated the Bank’s commitment to continue trading in Africa. Standard Chartered operates across in 38 African economies, 16 on a full-presence and 22 on a transactional basis.”
Hmm…This may be worth looking into…
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“StanChart in new drive to grow market share in Africa”: http://www.standardmedia.co.ke/business/article/2000214048/stanchart-in-new-drive-to-grow-market-share-in-africa