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Business News of Thursday, 21 February 2019

Source: Stanbic Ghana

We are committed to connecting Africa, China, rest of the world - Stanbic Bank

Stanbic Bank Ghana Limited has reiterated its commitment to playing a leading role in connecting Africa to China. Speaking at the climax of this year’s Spring Festival held at the National Theatre in Accra, Sylvia Inkoom, Head of Coverage at Stanbic Bank, said the bank remains resolute in its quest to playing a leading role in connecting Africa to China and the rest of the world especially in facilitating trade.

“As the largest lender by assets in Africa, Standard Bank remains resolute on its Africa strategy and will continue to play a leading role in facilitating trade and capital flows in multiple currencies between African countries themselves, as well as between Africa and prominent international trade corridors”, Sylvia Inkoom said.

She further noted that the bank has an existing partnership with the Industrial and Commercial Bank of China’s (ICBC), which serves as a strategic platform for serving the growing demands of clients of the bank in global market products.

According to her “As an international bank present in Africa for over 150 years we have the ability and relationships to assist clients negotiate the continents complex financial and regulatory cross-border environments. In addition to a strong footprint spanning 20 countries, the Industrial and Commercial Bank of China’s (ICBC) 20 percent shareholding in the Standard Bank Group, serves to connect Standard Bank to the world’s fastest growing economy.”

The festival marks the beginning of the new year on the traditional Chinese calendar. Stanbic Bank, through its parent company Standard Bank, has over the past decade worked to put in place measures to boost ties between China and Africa. Last year, the bank launched the ‘I Go Africa’ platform to facilitate and boost investment flows and encourage tourism between China and Africa.