Standard Bank Group, Africas largest lender by assets, led by South African banker Sim Tshabalala, plans to launch a representative office in Cairo on Nov. 12, marking a new step in its push to build deeper links across North Africa and expand Africas access to global capital.
The Cairo office is designed to support trade and capital flows between Egypt, the Gulf, and Sub-Saharan Africa, while also giving multinationals operating on the continent a stronger entry point into African markets.
The bank applied for a full banking license in Egypt in April 2024 . A license would allow Standard Bank to expand beyond advisory support and push deeper into deposit-taking, lending and corporate financing in the region.