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Standard Bank Becomes First African Bank to Offer China’s Cross-Border Interbank Payment System
China's alternative to the SWIFT international payment network is now available in Africa, following the announcement by Standard Bank, the continent's largest bank in terms of assets, as the first institution to offer the Cross-Border Interbank Payment System (CIPS). This is ...
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Stanbic Bank Kenya Unveils New Measures to Boost Trade With China
Stanbic Bank Kenya, a subsidiary of Standard Bank — Africa's largest bank by assets, announced a series of initiatives aimed at fostering closer commercial ties between Kenya and China. Among the key announcements at the Chinese Economic Forum held ...
Ghana Announces Debt Deal
Ghana announced a deal with its official creditors that would push back loan repayments until 2026. The government also says it will strike a deal with Eurobond investors for a new deal on $13 billion of private sector debt. Speaking at ...
South Africa’s Standard Bank Wants to Exit a Once-Legendary Joint Venture with Chinese Mega-Bank ICBC
Standard Bank, one of South Africa’s major banks, is looking to exit a joint venture with the Industrial and Commercial Bank of China (ICBC.) The joint venture, the London-based ICBC Standard Bank Plc (ICBCS), long represented the largest Chinese investment on the continent.
It Can Be Hard to Tell If Kenya Is Managing Its Debts Well or If It’s In Danger of Debt Distress… Or Both
Confusing, even contradictory messages have been coming out over the past week about Kenya's debt sustainability. On the one hand, the Treasury is reporting that debt servicing obligations have fallen by $634 million, including to the China Exim Bank, due to deferrals and repayments ...
A pedestrian reads a sign at a petrol station in Tacloban City, Leyte province, central Philippines on March 30, 2026. Photo by MARLON TANO / AFP
In response to Iran’s partial closure of the Strait of Hormuz, the United States has begun implementing a counter-blockade—leveraging naval patrols, sanctions enforcement, and selective interdictions to constrain Iranian oil exports and raise the costs of Tehran’s strategy. Rather than restoring stability, however, this tit-for-tat dynamic is accelerating fragmentation in global ...
Standard Bank Becomes First African Bank to Offer China’s Cross-Border Interbank Payment System
China's alternative to the SWIFT international payment network is now available in Africa, following the announcement by Standard Bank, the continent's largest bank in terms of assets, as the first institution to offer the Cross-Border Interbank Payment System (CIPS). This is ...
Stanbic Bank Kenya Unveils New Measures to Boost Trade With China
Stanbic Bank Kenya, a subsidiary of Standard Bank — Africa's largest bank by assets, announced a series of initiatives aimed at fostering closer commercial ties between Kenya and China. Among the key announcements at the Chinese Economic Forum held ...
Ghana Announces Debt Deal
Ghana announced a deal with its official creditors that would push back loan repayments until 2026. The government also says it will strike a deal with Eurobond investors for a new deal on $13 billion of private sector debt. Speaking at ...
South Africa’s Standard Bank Wants to Exit a Once-Legendary Joint Venture with Chinese Mega-Bank ICBC
Standard Bank, one of South Africa’s major banks, is looking to exit a joint venture with the Industrial and Commercial Bank of China (ICBC.) The joint venture, the London-based ICBC Standard Bank Plc (ICBCS), long represented the largest Chinese investment on the continent.
It Can Be Hard to Tell If Kenya Is Managing Its Debts Well or If It’s In Danger of Debt Distress… Or Both
Confusing, even contradictory messages have been coming out over the past week about Kenya's debt sustainability. On the one hand, the Treasury is reporting that debt servicing obligations have fallen by $634 million, including to the China Exim Bank, due to deferrals and repayments ...