Chinese billionaire Yahui Zhou's Nigerian fintech OPay pulls $304 million New York IPO
OPay, the Nigerian payments app founded by Chinese billionaire Yahui Zhou, has called off its $304 million New York listing after an unnamed foreign inquiry.
Standard Bank
Nigerian banking tycoon Atedo Peterside’s Stanbic IBTC stake is worth $17.8 million
Atedo Peterside started IBTC in 1989 and built it into Stanbic IBTC. His 150 million shares in the Lagos-listed group are now worth $17.8 million.
South African banker Sim Tshabalala's Standard Bank stake is now worth $13.5 million
Sim Tshabalala has run Standard Bank since 2013. His 753,724 shares in Africa's largest lender are worth $13.5 million ahead of his 2027 retirement.
South African tycoon Ipeleng Mkhari's Gautrain consortium secures $540 million from Standard Bank
Standard Bank has underwritten R9 billion of debt for the consortium, backed by Ipeleng Mkhari’s Motseng, that now runs and will upgrade the Gautrain.
Chinese billionaire Zhou Yahui's OPay wins up to $200 million Standard Bank backing
Standard Bank will invest up to $200 million in OPay, the Nigerian fintech backed by Chinese tycoon Zhou Yahui, alongside its New York IPO.
Chinese billionaire Yahui Zhou’s OPay revenue jumps 137% ahead of US IPO
Chinese billionaire Yahui Zhou’s OPay reported a 136.5% increase in first half revenue to $467.1 million as the fintech prepares for a proposed New York IPO.
Standard Bank buys the Angolan bank shares seized from jailed tycoon Carlos São Vicente
Angola raised $224 million selling a 34% stake in Standard Bank de Angola, shares seized from Carlos São Vicente, with demand nearly double.
South African tycoon Saki Macozoma sold his manganese and kept the trucks, gaming and copper
Safika sold its entire manganese portfolio to Exxaro for R11.7 billion. It kept trucking, gaming, telecoms repair and a Northern Cape copper stake.
Standard Bank CEO Sim Tshabalala warns Temu and Shein could wipe out South Africa's manufacturing sector
Standard Bank CEO Sim Tshabalala has warned that cheap Chinese imports from platforms like Temu and Shein could decimate South Africa's manufacturing sector if Africa fails to act.
Africa's largest bank Standard Bank takes leading role in Dangote refinery IPO
Standard Bank CEO Sim Tshabalala has pledged leading-role support for the Dangote refinery IPO and future expansion after touring the Lagos facility with senior executives.
Standard Bank's new report reveals how Africa's wealthiest think about money and why it differs from the West
A new Standard Bank report released June 4 reveals how Africa's wealthiest think about money, risk and wealth transfer in ways that differ sharply from Western norms.
Standard Bank overtakes Capitec and FirstRand to become Africa's most valuable bank at R517 billion
Standard Bank closed Friday at a market cap of R517 billion, overtaking both Capitec and FirstRand to become Africa's most valuable bank on the JSE.
Inside Cyril Ramaphosa’s fortune: the McDonald’s deal, Mondi, Standard Bank ties, coal, telecoms and the trusts that followed
A look at Shanduka’s biggest holdings, what was sold, what sits in trusts, and what Ramaphosa’s net worth most likely is today.
Standard Bank, led by Sim Tshabalala, backs Safaricom Ethiopia with $138 million funding push
Standard Bank backs Safaricom Ethiopia with a $138 million funding facility to support its network expansion and rising user base.
Standard Bank, led by South African banker Sim Tshabalala, opens Egypt office
Standard Bank expands into Egypt, strengthening African trade links and supporting regional investment.
South African tycoon Khudusela Pitje’s GX Capital lands $43 million from Standard Bank
New GX Capital secures $43 million from Standard Bank to scale renewable power, storage, water and gas projects.