CEO of Standard Bank’s corporate and investment banking unit, Kenny Fihla. Picture: Standard Bank
The Democratic Republic of the Congo (DRC), and to a lesser extent Zambia, are set to become two of Standard Bank’s most important markets north of the Limpopo. This is thanks to the massive endowments of minerals needed to drive the global energy transition in the two African nations.
“It’s not just about renewable energy projects,” CEO of Standard Bank’s corporate and investment banking (CIB) unit, Kenny Fihla, told News24. “It’s about where the minerals needed to drive the transition will come from,” adding:
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