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Yustus Aribariho, one of Uganda’s finest brains in the financial services space, has spent more than two decades of his banking career at Standard Chartered Bank. He is no stranger to digital transformation programs and has vast experience across Africa, Asia, and the Middle East. Until recently, he was the Global Head of Digital Platforms for Standard Chartered Bank, based in Dubai, UAE. With that experience, Yustus decided to step down from the role in January 2024 and, with funding from Standard Chartered Ventures (SC Ventures), co-founded Furaha Financial Limited, headquartered in the United Arab Emirates. Standard Chartered Ventures is…
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Standard Chartered (the Bank) and Access Bank Plc (Access) have today, July 14th entered into agreements for the sale of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking (CPBB) business in Tanzania. Each transaction remains subject to the approval of the respective local regulators and the banking regulator in Nigeria. The agreements were signed by Sunil Kaushal, Regional CEO, Africa & Middle East, Standard Chartered and Roosevelt Ogbonna, Group Managing Director, Access Bank Plc at Standard Chartered’s headquarters in London in the presence of senior representatives from both banks….
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Standard Chartered PLC (the Group) has registered a record US$1.291 billion dollars income with US$581 million in operating profits in the Africa and Middle East (AME) region. This is contained in the bank’s financial results for the first half of the year ending 30 June 2022. Key performance highlights include: Broad-based growth across markets, segments, and products Income up 8 per cent Y-o-Y on constant currency to USD 1.291 billionOperating Profit USD 581 million up by 28 per cent Y-o-Y on constant currency basisStrong improvement in the region’s Return on Tangible Equity (RoTE) at 13 per centGeographical Highlights – Double digit…
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Africa is not getting the investment needed to help the world meet the UN’s Sustainable Development Goals (SDGs) by 2030, new research from Standard Chartered has revealed. A Standard Chartered survey conducted between July and August 2020, amongst a panel of the world’s top 300 investment firms with total assets under management (AUM) of more than USD50 trillion*, found that: Only 3 per cent of their AUM is invested in AfricaLack of investment in emerging markets puts the chances of meeting the 2030 SDG deadline at riskOf those already investing in Africa, 93 per cent say they will likely increase…
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