• Latest
StanChart Seeks Sale of Wealth & Retail Banking Units in Zambia, Uganda and Botswana

StanChart Seeks Sale of Wealth & Retail Banking Units in Zambia, Uganda and Botswana

6 months ago
Cedric Babu’s Final Journey Begins with Emotional Homecoming

Cedric Babu’s Final Journey Begins with Emotional Homecoming

4 hours ago
Museveni to Resume Nationwide PDM Tours, Starting with Busoga

Museveni to Deliver State of the Nation Address Tomorrow

4 hours ago
ICC Upholds In-Absentia Hearing for Joseph Kony

ICC Upholds In-Absentia Hearing for Joseph Kony

4 hours ago
Uganda, Tanzania, Malawi Students Win 2025 Uganda Martyrs Essay Contest

Uganda, Tanzania, Malawi Students Win 2025 Uganda Martyrs Essay Contest

4 hours ago
Uganda’s Coffee Exports Surge in April 2025, Earning Over $214m – MAAIF Report

Uganda’s Coffee Exports Surge in April 2025, Earning Over $214m – MAAIF Report

5 hours ago
EC Postpones Date for Displaying National Voters’ Register

EC Begins Nominations for Village Special Interest Groups Committees

5 hours ago
SoftPower News
Wednesday, June 4, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Business

StanChart Seeks Sale of Wealth & Retail Banking Units in Zambia, Uganda and Botswana

by Muhamadi Byemboijana
November 27, 2024
StanChart Seeks Sale of Wealth & Retail Banking Units in Zambia, Uganda and Botswana
139
VIEWS

Standard Chartered PLC has announced its plan to explore the sale of its wealth and retail banking businesses in Botswana, Uganda, and Zambia.

In these territories, the bank still plans to service “the cross-border needs of global corporate and financial institution clients”.

Related Stories

Cedric Babu’s Final Journey Begins with Emotional Homecoming

Museveni to Deliver State of the Nation Address Tomorrow

ICC Upholds In-Absentia Hearing for Joseph Kony

The bank said the move comes as it is ‘refreshing strategic priorities’ as communicated previously in its third-quarter results, with the focus now on “accelerating income growth and returns.”

Standard Chartered said the exits would not be material to the group as a whole.

“We continually assess the efficacy of our global business model and regularly take action to concentrate resources where we have the most distinctive client proposition,” chief executive Bill Winters said in a statement.

“We have invested heavily in recent years in Africa, where we have operated for 170 years, and which remains core to our global network.

“We have more-than doubled Wealth assets under management in sub-Saharan Africa since 2021 – driven by our hubs in Kenya and Nigeria – and we are confident that the greater concentration resulting from the proposed sales will help us to continue to outperform the market.”

Tags: BotswanaSoft PowerSoft Power NewsSoftPower NewsStandard CharteredTop NewsTop News UgandaTop Uganda NewsUganda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Recent Stories

Cedric Babu’s Final Journey Begins with Emotional Homecoming

Museveni to Deliver State of the Nation Address Tomorrow

ICC Upholds In-Absentia Hearing for Joseph Kony

Uganda, Tanzania, Malawi Students Win 2025 Uganda Martyrs Essay Contest

Uganda’s Coffee Exports Surge in April 2025, Earning Over $214m – MAAIF Report

EC Begins Nominations for Village Special Interest Groups Committees

Visit UBOS Website
SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News