Standard Bank is projecting a further 2% to 3% increase in the policy rate of the Bank of Ghana by December 2022. This will increase the cost of borrowing further, but will help narrow the negative real return between inflation and interest rates. Presently, interest rates are hovering around 33% but lower than the inflation
InstinctBusiness “CEO of the Week” is a weekly accreditation of Top performing Chief Executive Officers within the African region, following their achievements, outstanding service, industry experience, outstanding leadership, amongst other criteria. This week, Mr. Sim Tshabalala has emerged as InstinctBusiness Magazine’s “CEO OF THE WEEK” for the Month August 21st-27th, 2022 rankings. Simphiwe Tshabalala, is
Visa has announced its plan in expanding Africa’s Women businesses through grant, a contribution towards the African Women Impact Fund (AWIF), a collaboration between Standard Bank and the United Nations Economic Commission for Africa (UNECA). The grant will be utilised to fund the working capital needs of women fund managers across South, East, and West
The parent company of Stanbic Bank Ghana, Standard Bank, expects the Bank of Ghana to increase its policy rate by between 1.0% and 1.5% percent.This increment is expected to push cost of borrowing up. In its latest report on Ghana dubbed ‘Africa Market Revealed’, it said the policy action by the Bank of Ghana is
Standard Bank has partnered with Flutterwave to enhance digital payments experiences for its customers in Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Cote D’Ivoire and Malawi. Flutterwave and Standard Bank are collaborating to build e-commerce, card issuing, payments, collections, USSD, lending, and buy-now-pay-later capabilities for millions of Africans. The bank stated that this integration will help
Standard Bank in collaboration with the City of Tshwane, launched the Tshwane Idea Validation Bootcamp, which was focused on giving entrepreneurs the opportunity to make their businesses a success through receiving expert training on how to run a business. With a vision to bolster the region’s economic growth, this partnership laid the foundation for further
Standard Bank, parent company of Stanbic Bank Ghana is forecasting a growth rate of 3.5% for Ghana this year. This is a little below that of the International Monetary Fund, Moody’s and Fitch Solutions, which have all projected more than 4.0% Gross Domestic Product in 2021 The report also said the size of the Ghanaian
The financial service provider Standard Bank has processed more than R60 billion (US$4 billion) through its Instant Money transfer service as digital money transfers become entrenched in South Africa. This has been processed at more than 6500 access points across the country. The company stated that KwaZulu-Natal and the Eastern Cape are the biggest recipients
In a bid to significantly boost the export of African products to China, Africa’s largest financial services Standard Bank, has launched a new export proposition that tackles the challenges and supports exporters in accessing the Chinese market. Africa China Export Proposition (ACEP), which was launched at the China International Import Expo (CIIE) in Shanghai, connects
In its bid to promote import trading the prestigious bank known for delivering financial and commercial services, Standard Bank in partnership with the Industrial and Commercial Bank of China (ICBC), has said to host over 90 clients from six African countries at its networking activities during the China International Import Expo (CIIE) to be held
