Standard Chartered Plc, an international banking group, is considering expanding its presence on the African continent in the areas of wealth management and deal-making. This decision comes on the heels of the company's withdrawal from several small operations in the region over the past three years. Chris Egberink, the CEO and head of the bank's operations in South Africa, announced plans to open full-service banks in several countries, with Morocco among the contenders.
Mukuru Ltd. is a digital payment platform that has undergone significant transformation since its inception in 2004. Originally founded by two Zimbabweans to provide international telecommunication services, the company today encompasses a wide range of financial services and is focused on digital expansion across Africa. With over 2,000 employees and more than 17 million clients, Mukuru has become a key player in the mobile payments industry.
Momentum Group Ltd. has announced an ambitious plan to increase its annual profit from operations in the rest of Africa by 60% by mid-2027. The strategy focuses on reviewing the insurer's activities and modernizing its divisions.
Orange SA $ORAN continues to maintain its market position, as evidenced by its recently released financial results for the fourth quarter. The figures indicate a slight increase in revenue that aligns with analysts' expectations. The primary driver of this growth has been the successful performance in the Middle East and Africa, which compensated for declines in Europe and the corporate sector.
