Standard Bank Africa Regions head Yinka Sanni has hailed the group’s relationship with the Industrial and Commercial Bank of China (ICBC), saying the tie-up has given the lender a competitive edge on the continent.

ICBC, the world’s largest bank, invested in Standard Bank in 2007, buying a 20% stake for $5.5bn. It is one of the largest single foreign direct investments in Africa to date. ..

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