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Standard Bank Sees Its West African Growth Taking Off From 2020

  • Africa’s biggest bank making a push into Ivory Coast, Senegal
  • Other lenders are also targeting region with digital offerings

Standard Bank Group Ltd. expects its investment into French-speaking West African countries to start taking off once its Ivory Coast business becomes established and Senegal becomes operational.

“The real growth acceleration will come after 2020,” Joel Toure, the chief executive officer of Standard Bank’s Ivory Coast unit, said in an interview in Abidjan, the economic hub of the world’s biggest cocoa producer. “This zone was one of the missing links of the group in Africa.”