As 2013 drew to a close, Standard Bank was in talks to sell a controlling stake in its London-based global markets business to one of its major shareholders, the Industrial and Commercial Bank of China – the latest sign that Africa’s largest lender is refocusing on opportunities closer to home.
The strategy makes sense. The bank has offices in 18 African countries, from Nigeria to Lesotho, and sound relationships with governments and decision-makers across the continent make it a vital
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