Standard Bank Group, Africa’s largest financial institution by assets, has officially launched a representative office in Egypt to strengthen trade and investment flows between Egypt, Sub-Saharan Africa, and the Middle East.
The South Africa-based bank announced the launch at an event held at the Pyramids of Giza in Cairo.
“This expansion reflects Standard Bank’s belief in Egypt’s growing role as an investment and logistics hub, aligned with the country’s Vision 2030 and Africa’s broader development agenda,” said Sim Tshabalala, Chief Executive of Standard Bank Group. “Our new Representative Office will act as a vital conduit to connect Egyptian corporates, investors, and multinationals with opportunities across Standard Bank’s footprint spanning 21 countries in Africa.”
The Egypt office complements the group’s Middle East and North Africa (MENA) strategy, which began in the UAE in 1997 and has been spearheaded by a 20-year presence in the Dubai International Finance Centre (DIFC).
“Through our presence in Egypt, we aim to foster stronger financial cooperation, provide on-the-ground market intelligence, and support clients seeking to expand their operations between Egypt and Sub-Saharan Africa,” said Luvuyo Masinda, Chief Executive of Corporate and Investment Banking (CIB) at Standard Bank Group.
Headquartered in Johannesburg, Standard Bank operates in 21 African countries and four global financial centres. Its largest single shareholder is the Industrial and Commercial Bank of China (ICBC).
“Standard Bank continues to play a key role in facilitating trade and investment across Africa’s fastest-growing economies, other select emerging markets as well as pools of capital in developed markets,” said Rassem Zok, the group’s Chief Executive for MENA and Chief Representative Officer for the Egypt Office.
