Virtual Africa Investors Conference provides the ideal platform to discuss investment opportunities on the continent

London, 23 June 2020:  In line with current world trends, Standard Bank Group – of which Stanbic Bank Zambia is a member - has adopted a digital approach to enable African corporate clients and leading policymakers to connect virtually with some of the world’s leading institutional investors.

In partnership with ICBC Standard Bank and Microsoft, Standard Bank is hosting its 10th Africa Investors Conference using a specially enhanced Microsoft Teams platform to host over 2500 meetings over 5 days, doubling the number of meetings hosted in 2019. The virtual platform is enabling many more African corporates and investors to fully participate in the conference, and policymaker sessions will be larger in reach. The number of investors registered for the conference has increased by 78% and African corporate participation increased by 17%.

The conference will run from 22-26 June 2020 and will be hosted against the backdrop of an uncertain environment as the COVID-19 pandemic and national lockdowns remain very much to the fore. With the impact of the current crisis in mind, participants will access significant opportunities to collaborate and exchange fresh ideas, helping to drive growth on the continent.

“While the COVID-19 pandemic is a major setback for the global economy, Standard Bank Group believes Africa’s long-term prospects remain positive and the opportunities for investors and businesses to promote the development of the continent while also generating healthy returns remains,” says Gert Vogel, Chief Executive, International for Standard Bank Group.

The Africa Investors Conference was first held in 2010 and for the past nine years has been hosted at Standard Bank’s offices in the City of London.

“COVID-19 will have a fundamental impact on Africa, as for the rest of the world, making it more important than ever for Standard Bank and ICBC Standard Bank to stimulate discussions between Africa’s top companies and institutional investors to help identify opportunities and stimulate growth in and across the African continent,” says Mr Vogel.  

Top calibre corporates from across the continent, representing a broad range of sectors, including financial services, healthcare, power, transport, mining, construction, chemicals, leisure, telecoms, food and retail, are present. This year we expect over 450 delegates to attend, ranging from government ministers, central bankers, investors and corporates from across numerous African countries. 

“We are excited to partner with Standard Bank on this event,” says Lillian Barnard, Managing Director, Microsoft South Africa.  “While this unprecedented time has driven increased demand for digital engagement platforms, we anticipate that this kind of experience is set to shape conferences of this nature for the future.”

This year’s event comes ahead of the highly anticipated launch of the African Continental Free-Trade Area (AfCFTA), which will boost intra-African trade and local economies. While the trading bloc’s implementation has been delayed due to COVID-19, its launch is expected to have a transformative impact on African economies.

ENDS//

Notes to Editors:

About Standard Bank Group

Standard Bank Group is the largest African bank by assets, operating in 20 African countries and 5 global financial centres. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.

Standard Bank has a 157-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.

Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth.

The group has over 50 000 employees, more than 1 100 branches and 9 000 ATMs on the African continent, which enable it to deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management. 

Headline earnings for 2019 were R28.2 billion (about USD2 billion) and total assets were R2.3 trillion (about USD163 billion). Standard Bank’s market capitalisation at 31 December 2019 was R277 billion (USD20 billion).

The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.

For further information, go to http://www.standardbank.com