The Business & Commercial Clients entity supports full-service business banking operations in 15 African economiesStandard Bank’s BCC division is committed to expanding the suite of simple and complex technologies that are making ever more businesses possible in Africa. Picture: 123RF
Standard Bank’s commitment to driving Africa’s growth has contributed to the evolution of a highly developed African business support capability. Growing small businesses into family enterprises, larger importer and exporters, wholesale distributors, or regional private and listed corporations, will sustain inclusive, privately-owned economic growth in Africa for generations to come.
As African businesses grow regionally and globally and foreign businesses and investors look to the continent, Standard Bank’s reliable counterparty banking structure will become increasingly important for Africa’s emerging business segment. Even in difficult circumstances, Africa’s growth is astounding and the role of technology in the rise cannot be over-emphasized. For small and less capitalised businesses, the sustained decrease in the cost of banking afforded by technology is a game-changer. Technology, today, is the difference between survival and failure for businesses.