Standard Bank Group, parent company of Stanbic Bank Ghana and Africa’s largest financial institution by assets, has formally opened its Representative Office in Egypt, marking a major strategic expansion into North Africa. The launch event was held at the historic Pyramids of Giza, highlighting the significance of Egypt as a fast-growing investment hub.
The new office is positioned to strengthen trade and investment flows between Egypt, Sub-Saharan Africa and the Middle East, leveraging Egypt’s pivotal role in the continent’s north–south trade corridor. The move aligns with Egypt’s Vision 2030 strategy and the African Union’s broader development agenda.
Sim Tshabalala, Chief Executive of Standard Bank Group, said the expansion reflects the bank’s confidence in Egypt’s evolving economic influence. He noted that the new office will serve as a gateway for Egyptian corporates, investors and multinationals seeking opportunities across Standard Bank’s footprint in 21 African countries.
The Egypt office will also support global companies looking to enter or scale within Egypt’s dynamic market. According to Luvuyo Masinda, Chief Executive of Corporate and Investment Banking for the Group, the presence will provide on-the-ground intelligence, enhance financial cooperation and enable cross-border expansion across Africa, the Middle East and the Group’s international centres in Dubai, Beijing, New York and London.
Dr Rassem Zok, Chief Executive for MENA and Chief Representative Officer for the Egypt Office, highlighted that Standard Bank’s 163-year history in connecting Africa to global markets positions it uniquely to guide clients through a shifting regional landscape. He added that the Group remains focused on facilitating investment into Africa’s fastest-growing economies and unlocking capital flows between emerging and developed markets.
The Egypt launch strengthens Standard Bank’s long-term MENA strategy, which began with its UAE operations in 1997 and has since grown through a strong presence in the Dubai International Financial Centre. The new office consolidates the Group’s role as a major player in the Gulf–Sub-Saharan Africa trade corridor.
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