Tag: Standard Bank

Corporate presentation on ROVUMA LNG
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Standard Bank sees Exxon Mozambique Gas project driving growth

Standard Bank sees ExxonMobil-led Rovuma LNG boosting Mozambique GDP, jobs, revenues, and long-term economic growth outlook.

Oluwatosin Alao Oluwatosin Alao
Sim Tshabalala, CEO of Standard Bank Group.
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South African executive Sim Tshabalala nears $15 million Standard Bank stake

Standard Bank CEO Sim Tshabalala’s stake rises toward $15 million as shares climb and earnings strengthen in 2025.

Omokolade Ajayi Omokolade Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
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Sim Tshabalala leads Standard Bank to top spot as Africa’s most valuable bank with $32 billion market cap

Standard Bank becomes Africa’s most valuable bank under South African banking executive Sim Tshabalala as market cap rises above $32 billion.

Omokolade Ajayi Omokolade Ajayi
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
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Johannesburg-born banker Kenny Fihla takes $7.6 million pay from Absa in 2025

Absa Group paid Kenny Fihla a $7.62 million package in 2025, driven by buyout awards and incentives following his move from Standard Bank.

Omokolade Ajayi Omokolade Ajayi
Standard Bank Cashless branch
BusinessTechnology

Standard Bank expands cashless branches as digital banking surges      

Standard Bank has expanded to 234 cashless branches as digital banking adoption surges, cutting costs and reshaping how customers access services.

Timilehin Adejumobi Timilehin Adejumobi
Sim Tshabalala, CEO of Standard Bank Group.
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South African executive Sim Tshabalala earned $6.4 million from Standard Bank in 2025

Standard Bank CEO Sim Tshabalala earned $6.4 million in 2025 as profit rose to $3.43 billion and dividends increased.

Omokolade Ajayi Omokolade Ajayi
Optasia’s AI-powered fintech solutions support credit access and digital financial services across Africa and emerging markets.
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JSE-listed Optasia raises over $300 million in refinancing to boost Africa’s fintech growth

Optasia raises over $300 million in refinancing backed by Standard Bank to scale fintech services across Africa and emerging markets.

Omokolade Ajayi Omokolade Ajayi
Mozambique clears $701 million IMF debt as African nations cut borrowing
BusinessGlobal News

Mozambique clears IMF debt as African nations cut foreign borrowing

Mozambique has fully repaid its $701 million debt to the International Monetary Fund, a rare move among African economies working to ease pressure from external borrowing and tighten public finances.  The payment, disclosed in a research note by Standard Bank, clears Mozambique’s balance with the Washington-based lender and brings an end to its outstanding obligations. It also led to the…

Oluwatosin Alao Oluwatosin Alao
Twizza Beverage Company
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Indian billionaire Ravi Jaipuria’s Varun Beverages buys South Africa’s Twizza for $125 million   

India-based Varun Beverages has completed its $125 million acquisition of South African soft drink maker Twizza.

Timilehin Adejumobi Timilehin Adejumobi
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South Africa’s largest single-phase solar project secures Standard Bank backing

Standard Bank backs South Africa’s 475MW Notsi solar project, powering 140,000 homes and boosting Africa’s renewable growth.

Omokolade Ajayi Omokolade Ajayi
Standard Bank's office in South Africa.
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Standard Bank raises $124.8 million to cover financial loss

Standard Bank raises $124.8 million with new FLAC notes.

Timilehin Adejumobi Timilehin Adejumobi
Standard Bank
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Standard Bank completes $250 million strategic financing for Aradel Energy

Standard Bank closed a $250 million facility for Aradel Energy to fund expansion, refinance loans and boost Nigerian oil output.

Timilehin Adejumobi Timilehin Adejumobi