Standard Bank Expands Footprint with New Egypt Office
Standard Bank Group, Africa’s largest financial institution by assets, has officially launched its Representative Office in Egypt during an exclusive event held at the Pyramids of Giza in Cairo.
The new office represents a significant step in the Group’s strategy to enhance trade and investment connectivity between Egypt, Sub-Saharan Africa, and the Middle East, positioning Egypt as a key gateway in the continent’s north–south trade corridor.
Sim Tshabalala, Chief Executive of Standard Bank Group, said the move underscores the bank’s confidence in Egypt’s growing economic and strategic importance: “This expansion reflects Standard Bank’s belief in Egypt’s growing role as an investment and logistics hub, aligned with the country’s Vision 2030 and Africa’s broader development agenda. Our new Representative Office will act as a vital conduit to connect Egyptian corporates, investors, and multinationals with opportunities across Standard Bank’s footprint spanning 21 countries in Africa.”
Through its Cairo office, Standard Bank aims to support Egyptian companies seeking to expand across Africa and facilitate investment from global multinationals into Egypt’s fast-evolving economy — further advancing the Group’s mission of driving Africa’s growth.
Luvuyo Masinda, Chief Executive of Corporate and Investment Banking (CIB) at Standard Bank Group, described the launch as a “pivotal milestone” for regional integration: “Through our presence in Egypt, we aim to foster stronger financial cooperation, provide on-the-ground market intelligence, and support clients seeking to expand their operations between Egypt and Sub-Saharan Africa, as well as the Group’s international offices in Dubai, Beijing, New York and London. This is a pivotal milestone in accelerating regional integration and unlocking continental growth through sustainable investment and expanded trade.”
Dr. Rassem Zok, Chief Executive for MENA and Chief Representative Officer of the Egypt Office, emphasized the Group’s longstanding role in connecting Africa to global markets: “With over 163 years of connecting Africa to global markets, Standard Bank brings a unique combination of local insight and pan-African expertise, empowering clients in Egypt to seize new opportunities while navigating the evolving regional landscape. Our balanced portfolio of businesses provides significant opportunities for growth and sustainable expansion.”
The establishment of the Egypt Representative Office complements Standard Bank’s broader Middle East and North Africa (MENA) strategy, initiated in the UAE in 1997 and anchored by a two-decade presence at the Dubai International Financial Centre (DIFC). This expansion further solidifies the Group’s position as a leading enabler of trade and investment between the Gulf and Sub-Saharan Africa.