
Standard Bank Named Africa's Most Admired Financial Services Brand
The Africa Best Brands study is described as the most comprehensive, research-based ranking of Africa's most admired brands. Released annually during Africa Month (May), the survey is independently conducted by GeoPoll and Kantar, with strategic insights and rankings led by Kantar and Brand Leadership, Africa's leading brand advisory firm, and supported by regional experts across the continent.
'We are delighted to receive an accolade that is distinguished by being authentically African, data-driven and consumer-led. This acknowledgement reflects the trust that we have built and our commitment to providing consistently excellent service to our clients across the continent,' says Sim Tshabalala, Chief Executive, Standard Bank Group.
'Africa is our home, and we strive to drive her growth every day. This award reaffirms our Africa focus by being rooted in research that relays the continent's voice and vision. As the most comprehensive barometer of consumer brand preferences, this award reflects our uncompromising commitment to our diverse client base and driving value for all stakeholders. We are grateful to our employees who have made this achievement possible,' concludes Margaret Nienaber, Chief Operating Officer, Standard Bank Group.
Earlier in the year, Standard Bank was named Africa and South Africa's Most Valuable Banking Brand by Brand Finance. As Africa's biggest bank by assets, Standard Bank has a brand presence across 20 African countries. DM
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Daily Maverick
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Daily Maverick
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The Star
a day ago
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Africa Energy Forum presents a unique opportunity for African collaboration
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Although there are hundreds of initiatives to ensure the achievement of universal energy access on the continent, more than half the continent still lacks access to modern energy, which is why African energy stakeholders believe that amid the drive for reducing carbon emissions, Africa should have a sovereign right to include coal, gas and nuclear as part of its energy mix in line with how developed nations built their economies. What will the US role be in Africa's energy future? The first Power Africa Summit was launched by former US President Barack Obama in June 2013 as a private sector-led initiative with the ambitious goal of doubling electricity access on the continent. Through USAID, 12 US government agencies implemented Power Africa activities by providing financing and technical assistance to support the power sector in 40 African countries. 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Energy financing must be favourable The challenge for Africa is that it needs to industrialise and electrify its economy, but at the same time, it needs the finances to do so in a sustainable way. Africa has also been most severely affected by climate change, and so its infrastructure development needs to be climate-resilient. Most African nations don't need an energy transition, but energy accessibility. Many African countries are grappling with rising inflation, which has also impacted the amount of developmental finance available to African nations. But America may want to maintain its presence and footprint in Africa's energy sector, especially as China seeks to play a leading role in the continent's infrastructure development. Despite the challenging global environment, Africa needs its member states and voices to unite with a collective vision to fund Africa's energy revolution with international financing mechanisms that are just. After all, Africa is responsible for less than 3% of the world's carbon emissions and home to massive, unlocked energy potential, while also being home to 1.2 billion youth aged between 15 to 24 years that account for 16% of the global population (according to the UN). Greg Nott is Director Norton Rose Fulbright South Africa Inc