Teresa Clarke, Chair and CEO of interviews Victor Williams, Head of Corporate and Investment Banking for Africa Regions at Standard Bank Group and Mark Chaban, GM & CTO, Microsoft Middle East and Africa.  The chat is part of the Africa Investors Conference.

Standard Bank Group CEO Sim Tshabalala Affirms Bank’s Commitment to Sustainable Development

Standard Bank Group, Africa’s leading provider of sustainable finance, is “firmly and irrevocably committed to addressing the climate emergency we all face”, CEO Sim Tshabalala told investors at the bank’s annual general meeting (AGM) held virtually on Friday. Responding to proposals put forward by shareholder activist groups in recent weeks, Tshabalala affirmed the group’s commitment to sustainable human development, to a just transition away from carbon-intensive economic activity, and to environmental sustainability. “We are –

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Africa’s Long-term Growth Prospects Remain Intact as Economies Display Their Resilience

By Sola David-Borha, Chief Executive of Africa Regions at Standard Bank Group Many African economies are proving their resilience in the face of the humanitarian and economic crisis brought on by Covid-19.  The World Bank expects the global economy to contract by 5.2% in 2020 – the worst recession in decades despite the extraordinary interventions by authorities to mitigate the impact of national lockdowns. The World Bank also warned of ‘lasting scars’ due to lower

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Insights from the 2020 Africa Investors Conference. Introduction by Sim Tshabalala, Group Chief Executive, Standard Bank Group. Presentation by Goolam Ballim, Chief Economist, Head: Standard Bank Research Standard Bank Group.

Virtual Africa Investors Conference:

The ideal platform for investors and corporates to discuss investment opportunities on the continent

In line with current world trends, Standard Bank Group has adopted a digital approach to enable African corporate clients and leading policymakers to connect virtually with some of the world’s leading institutional investors. 

In partnership with ICBC Standard Bank and Microsoft, Standard Bank is hosting its 10th Africa Investors Conference using a specially enhanced Microsoft Teams platform to host over 2500 meetings over 5 days, doubling the number of meetings hosted in 2019. The virtual platform is enabling many more African corporates and investors to fully participate in the conference, and policymaker sessions will be larger in reach. The number of investors registered for the conference has increased by 78% and African corporate participation increased by 17%.

The conference will run from 22-26 June 2020 and will be hosted against the backdrop of an uncertain environment as the COVID-19 pandemic and national lockdowns remain very much to the fore. With the impact of the current crisis in mind, participants will access significant opportunities to collaborate and exchange fresh ideas, helping to drive growth on the continent.

“While the COVID-19 pandemic is a major setback for the global economy, Standard Bank Group believes Africa’s long-term prospects remain positive and the opportunities for investors and businesses to promote the development of the continent while also generating healthy returns remains,” says Gert Vogel, Chief Executive, International for Standard Bank Group.

The Africa Investors Conference was first held in 2010 and for the past nine years has been hosted at Standard Bank’s offices in the City of London. 

“COVID-19 will have a fundamental impact on Africa, as for the rest of the world, making it more important than ever for Standard Bank and ICBC Standard Bank to stimulate discussions between Africa’s top companies and institutional investors to help identify opportunities and stimulate growth in and across the African continent,” says Mr Vogel.  

Top calibre corporates from across the continent, representing a broad range of sectors, including financial services, healthcare, power, transport, mining, construction, chemicals, leisure, telecoms, food and retail, are present. This year we expect over 450 delegates to attend, ranging from government ministers, central bankers, investors and corporates from across numerous African countries. 

“We are excited to partner with Standard Bank on this event,” says Lillian Barnard, Managing Director, Microsoft South Africa.  “While this unprecedented time has driven increased demand for digital engagement platforms, we anticipate that this kind of experience is set to shape conferences of this nature for the future.”

This year’s event comes ahead of the highly anticipated launch of the African Continental Free-Trade Area (AfCFTA), which will boost intra-African trade and local economies. While the trading bloc’s implementation has been delayed due to COVID-19, its launch is expected to have a transformative impact on African economies.