Standard Bank Group, Africa’s largest bank by assets, and Meridiam, an independent investment Benefit Corporation and asset manager, hosted a joint event to explore investment opportunities in alternative energy infrastructure across the continent.
Meridiam has been building its investment presence in Africa since 2015 and has partnered with Standard Bank for over four years, focusing on alternative energy infrastructure projects. Last year, Meridiam acquired BTE Renewables’ assets in Kenya, a company that develops and operates 250 MW of onshore wind and solar projects.
“Given our unrivalled footprint across the continent, we are regularly looking to work with partners that share our vision for building this continent that we call home, and this kind of event is important to mark the excellent work that has gone before and the joint work we intend to continue,” says Zen Dlamini, Head of Public Sector and Infrastructure at Standard Bank.
Under the theme “Unlocking public infrastructure investment in South Africa,” the event brought together corporate executives, government officials, and media stakeholders to reflect on past investments and future opportunities.
“We are singularly focused on funding projects that advance the growth and development of African countries, and with Standard Bank, we have a partner that is in sync with our vision,” says Thierry Déau, founder and CEO of Meridiam.
Last month, President Ramaphosa signed the Electricity Regulation Amendment Act, which includes reforms to South Africa’s electricity sector, such as establishing a competitive electricity market. The Act will pave the way for greater private sector participation in the local energy market.
“The SA government is on a reform journey that requires cross-societal support, partnerships such as these are encouraging offshoots that contribute to the growth needed to get to our destination,” says Rudi Dicks, Head of the Project Management Office in the Presidency, who attended the event.
Both companies reaffirmed their commitment to leveraging energy sector opportunities across Africa.
Standard Bank Branch Transactions Drop 13% As Clients Shift To Digital September 26, 202403 Mins Read FacebookTwitterPinterestLinkedIn
STANDARD BANK ATM. Image source: LoansFind Standard Bank branch transactions dropped by 13% in the first half of 2024, reaching around 2.5 million transactions as more clients moved to digital channels.
During the same period, online transactions surged by 30% to 1.5 billion, with clients performing an average of 10,400 digital transactions per month, compared to just 0.017 transactions in branches.
ATM transactions also saw an 8% increase, reaching 104 million.
“Our customers’ preferences are changing rapidly, and we are committed to meeting their needs in the most efficient and effective ways possible,” said Kabelo Makeke, Head of Personal & Private Banking at Standard Bank South Africa.
The post Standard Bank, Meridiam Partner To Boost African Energy Investments appeared first on TechFinancials - Reliable Tech News.