Bulls n Bears Entrepreneurship Zone :: Standard Bank pioneers game-changing African trade gathering

[Bulls n Bears]

 <http://www.oldmutual.co.zw/> 

 

 

Standard Bank has escalated its highly successful trans-regional trade and
business conferences into a broadly inclusive pan-African initiative aimed
at driving collective growth across the continent.

This year’s Trans Regional Conference was held in Lagos from 1-4 July.
Standard Bank invited clients from across the continent to participate
alongside key government officials, legislators, and representatives of
regional growth and development bodies.

Prior to Lagos, Standard Bank hosted two previous conferences in 2016: in
Accra focusing on West Africa, and in Nairobi focusing on East Africa. These
separate gatherings brought together clients and key Standard Bank trade
experts and client relationship managers from the countries in each of these
regions.

“These previous conferences showed us the scale of the opportunity for
growing intra-African trade, especially the potential for cross-border
trade, to change the growth trajectory of the continent,” said Zweli
Manyathi, the chief executive of PBB at Standard Bank.

In addition to providing critical insight into how best to help clients
leverage Africa’s full cross-border potential, “we also realised that
increasing trade was a pan-African, and not just a regional opportunity for
the continent,” he added.

Standard Bank’s broad and established footprint across the continent as a
universal financial organisation, its sector expertise and networked global
capital market presence, including high-level access to the Chinese banking
system means that “gatherings of this nature can assemble, identify and
unlock key intra-African trade and business opportunities – on a scale wide
enough to transform Africa’s growth and development trajectory”, said
Manyathi.

On average, regional trade accounts for about 50% of most regions’ trade
flows. In Asia – the world’s fastest-growing region – regional trade
accounts for up to 70% of some countries’ trade flows. Since intra-regional
trade in Africa currently accounts for only 12% of trade flows, Standard
Bank has identified the rapid promotion of continental trade as a key
priority in achieving the kind of growth that will transform the lives of
ordinary Africans.

If the continent can increase trade between African countries to the global
average – that is from 12% to 50% – the continent will be far less reliant
on global trade and investment for its own growth. This will also mean that,
for the first time in history Africa will be able to set and drive its own
investment and growth agenda – independently.

By pioneering the dialogue across Africa’s broad trade, corporate and
commercial ecosystem, facilitating partnerships for business development and
boosting intra-Africa trade, Standard Bank hopes to build the foundations of
sustainable long-term intra-African trade growth in sub-Saharan Africa.

“An additional feature of this year’s conference was the focus on
leveraging Africa’s special relationship with China,” added Manyathi. The
Industrial and Commercial Bank of China, the world’s largest bank, holds a
20% shareholding in Standard Bank, Africa’s largest bank.

This critical institutional relationship has resulted in various
initiatives across the continent – from Renminbi trading, to Africa-China
business centres, and landmark deals – that collectively constitute Standard
Bank’s Africa-China trading corridor.

Driving Africa’s growth means not only connecting Standard Bank clients to
opportunities in Africa but also increasing general trade between African
countries. “Supporting the growth of Africa’s broader cross-border trade
ecosystem is critical to driving sustained growth, employment and the future
prosperity of Africa’s people,” concluded Manyathi.--Howwemadeitinafrica


<https://www.howwemadeitinafrica.com/standard-bank-pioneers-game-changing-af
rican-trade-gathering/61780/standard-bank-content-partnership/> 

Lincoln Mali, Head Card Standard Bank; Basil Omiyi, Chairman Stanbic IBTC;
Victor Williams, Head CIB Standard Bank; Phumelele Mbiyo, Head Africa
Research Standard Bank; Sola David-Borha, CE Standard Bank Africa Regions;
Christos Gianopoulos; Zweli Manyathi, CE PBB Standard Bank

PARTNER CONTENT: Standard Bank

 

Invest Wisely!

Bulls n Bears 

 

Telephone:    <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:    <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:                  @bullsbears2010

LinkedIn:               Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 



 

 

-------------- next part --------------
A non-text attachment was scrubbed...
Name: winmail.dat
Type: application/ms-tnef
Size: 312859 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20180711/403ae609/attachment-0001.bin>