
Sim Tshabalala-led Standard Bank backs $5 billion oil pipeline
Standard Bank leads a $5 billion financing deal for Uganda-Tanzania oil pipeline, signaling cautious investor confidence despite environmental opposition.
Standard Bank leads a $5 billion financing deal for Uganda-Tanzania oil pipeline, signaling cautious investor confidence despite environmental opposition.
The 5.74 percent stake in Northam Holdings boosts the bank’s mining investments in South Africa.
The move is set to widen credit access, stimulate job creation, and bolster economic resilience.
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Stand Bank.
The bank’s backing is a key part of the broader R22.8 billion ($1.23 billion) bid, reinforcing its role as a dominant corporate financier on the continent.
South African banking mogul Sim Tshabalala leads Standard Bank's Mauritius offshore expansion, providing African businesses with secure access to international financial services.
New digital platform transforms syndicated loan management with automation and real-time data access, enhancing efficiency and reducing errors.
As global scrutiny intensifies over fossil fuel projects, Standard Bank’s decision to support EACOP is set to influence the trajectory of similar ventures across the continent.
Standard Bank’s push into Egypt, a nation of more than 100 million people, follows its strong 2023 financial performance, with headline earnings surging to $2.3 billion.
This initiative includes a R500-million ($26.4 million) invoice financing facility and a R100-million ($5.3 million) working capital facility.
Standard Bank thrives financially but faces criticism for funding fossil fuels.