Africa is our home and it holds a distinct energy, especially the entrepreneurialism that is the continent's commercial life force. At Standard Bank Group we're proud to be driving Africa's growth and moving her people forward.
Olajumoke Orisaguna, the Nigerian bread seller turned model, stumbled upon a photo shoot on the streets of Sabo-Yaba, Lagos and when you hear the rest of her story you can’t help but believe that anything is possible.
The Standard Bank Group celebrates 153 years on the continent this year – the continent we call home. We have demonstrated an understanding of local conditions, cultures and market drivers in each country in which we do business. This has underpinned our success in Africa as well as in other emerging markets.
Most parents would be familiar with home-grown children’s clothing sensation Keedo. With a loyal customer base in South Africa and abroad, and a large distribution network throughout southern Africa, it seems the brand’s popularity knows no bounds.
According to Euromonitor, sub-Saharan Africa’s apparel and footwear market was reportedly worth an impressive $31 billion in 2015. Can we attribute our young population and access to technology to this success?
It’s now no secret that successful, formalised entrepreneurial businesses contribute to an economy’s success. This is even truer in emerging markets, where employment opportunities are often scarce and precarious.
More than two-thirds of Africa’s population live without electricity, resulting in reduced economic growth by 2% to 4% annually. While Africa is undergoing growth and transformation, this growth needs to be fuelled and supported by massive investments in energy.