Africa, Business, Market, South Africa, West Africa News

Why Standard Bank is expanding to francophone West Africa

South Africa’s Standard Bank – also trading as Stanbic Bank – has recently acquired a full banking licence in Côte d’Ivoire. The pan-African lender plans to use the market as a gateway to expand across the francophone West Africa region. The bank first set up a representative office in Côte d’Ivoire’s economic capital Abidjan over two years… Continue reading Why Standard Bank is expanding to francophone West Africa

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Africa, Africa & China, ICT, Market, Technology

China’s WeChat on carving out a market in Africa

“The market for cross-border remittances in Africa is significant, and it is something that is definitely of interest to us in our long-term planning.” This is according to Brett Loubser, CEO of WeChat Africa – a joint venture between Chinese internet firm Tencent and South African media giant Naspers. The social communications platform, which dominates… Continue reading China’s WeChat on carving out a market in Africa