From Business Day

Standard Bank, Africa’s largest bank by assets, will open a representative office in Ethiopia this year, its latest annual report noted, which could create a platform into Africa’s second-most populous nation and stretch its footprint to 20 African countries.

Establishing a presence in Ethiopia, with a population of about 92-million people and which is second in size only to Nigeria, with about 174-million people, will pave the way for Standard Bank to seek opportunities for establishing banking activities in that country.

When asked about Standard Bank’s plans in Ethiopia, a spokesman for the bank offered little insight on Wednesday, saying only: “We are in the process of finalising the details.”

Written by Phakamisa Ndzamela/Read more at Business Day