African economic growth depends on the ability of African governments and businesses to access international investment and value chains. Standard Bank helps facilitate investment and trade flows between African countries, and between African countries and global markets, drawing on our presence in major international markets, our ability to access international pools of capital, our strong client relationships with global multinationals, and our strategic partnership with ICBC.
Provided short-term debt finance of almost R2 billion, to a global transport and logistics group and a global retailer, to enable their further expansion in sub-Saharan Africa
Provided tailored financial solutions for multinationals to enable them to operate seamlessly across multiple African countries, while creating local jobs and integrating African businesses into their supply chains
Developed the African Markets Tracker to provide our clients with real-time and accurate information about African financial markets
Partnered with African governments, SOEs and businesses, including the governments of South Africa, Kenya and Ghana, and telecommunications company Helios Towers, to raise R217 billion on international markets
Partnered with ICBC to help African importers and exporters of all sizes build direct relationships with buyers and suppliers in China, through our Africa China Agent Proposition and our Africa China Export Proposition
Made Africa-China travel and cross-border payments easier, via the I Go Global rewards scheme and renminbi-denominated transactions
Launched TradeSuite to provide end to end servicing of our clients’ trade finance and importation requirements.
Standard Bank International is positioned in seven key financial centres outside Africa: Beijing; Dubai; The Isle of Man; Jersey; London; São Paulo and New York, making us the only African bank with a global presence. We work with our global multinational clients to develop their Africa strategies and, in collaboration with our colleagues across Africa, identify and unlock opportunities for investment, and simplify their ability to do business in Africa, thereby driving Africa’s growth.
Standard Bank Group partners with African governments, SOEs and businesses to raise funds on international markets, and works with them to structure appropriate financial instruments to direct this funding, including into critical public infrastructure. We work with partnering banks to distribute the exposure across various investors in America, Europe, the Middle East and Asia. In 2019 we raised in the region of USD15 billion (R217 billion) for our clients.
The growing trade and investment links between China and Africa offer huge opportunities to expand Africa’s manufacturing sector and create jobs. Analysts estimate that over 10 000 Chinese-owned firms operate across Africa. Increasing numbers of African businesses are also doing business in China. In both cases, these businesses range from large corporations to small-scale firms with ambitions to grow. Since 2008, Standard Bank and the Industrial and Commercial Bank of China (ICBC) have been working in partnership to encourage trade and investment in the China-Africa corridor, and fulfil the needs of these diverse businesses with a broad suite of financial services. Since 2016, Standard Bank and ICBC have jointly closed USD3.6 billion worth of deals in Africa, with a focus on infrastructure and energy.
Standard Bank’s Africa China Agent Proposition (ACAP) supports African importers to source and validate quality goods, safely and efficiently, from the most competitive suppliers in China.
Standard Bank’s TradeSuite solution provides end to end servicing of our clients’ trade finance requirements. It offers our clients a single point of contact for all their importation requirements, from order to delivery.
The service includes supplier tracking, liaising with logistics service providers, monitoring the goods while they’re in transit, and ensuring customs is cleared in good time. We also ensure that currency fluctuations are covered, in line with the company’s hedging strategy, and that all documentation required for payments and importation is available when needed. An all-in landed cost on each item is calculated on each order to help ensure that pricing is accurate. By helping to improve the reliability of the supply chain, the product also assists us in the lending process. Clients can also access the Trade Club, which comprises more than 15 000 trusted businesses from around the world ready to trade with African businesses. This has been achieved by leveraging the group’s extensive African footprint, our strategic partnership with ICBC, and by helping to establish the International Trade Alliance. Using technology and AI, we can help our clients to access new international trade opportunities.