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Standard Chartered to explore the sale of combined Botswana CIB and WRB franchise

Standard Chartered PLC (the Group) announced in November 2024 its intent to explore the potential sale of its Botswana WRB business, further to the Group’s strategic priorities as set out at our Q3 2024 results, aimed at accelerating income growth, and returns. Through market engagements, bidders have made it clear that they see significant value in the combined scale of the full SC Botswana franchise – including in the potential for efficient funding, operational leverage, and client coverage. The Group has therefore decided to explore the potential sale of the full Standard Chartered Botswana franchise. This process is expected to take 12-15 months to complete and is subject to regulatory and other approvals. Mpho Masupe, CEO and Head of Coverage, Standard Chartered Botswana, said: “The strength and attractiveness of the full SC Botswana franchise is a testament to the hard work of the entire SC Botswana team, and we remain committed to securing the best possible outcome for them, our clients and our shareholders. We strongly believe that Standard Chartered Botswana is well-placed to thrive under new ownership with the necessary local scale. We will work closely with colleagues and clients to minimise disruption during the sale process, which will take some time.” Dalu Ajene, Head of Coverage and CEO, Africa, said: “Standard Chartered is committed to our global strategy of combining differentiated crossborder corporate and investment banking capabilities and leading wealth management expertise for affluent clients. We have operated in Africa for 170 years; the continent remains core to our network, and we have invested heavily in recent years. Over the last three years, we’ve seen Wealth assets under management in sub-Saharan Africa more-than doubled from $1.7billion to $4.0billion driven by growth in our affluent franchise in Kenya and Nigeria. We will do our utmost to minimise disruption and uncertainty during this period as we continue to work in the best interests of all our people and stakeholders.” Post Views: 46

admin Published: January 13, 2026 | Updated: January 13, 2026 2 minutes read

The Group has therefore decided to explore the potential sale of the full Standard Chartered Botswana franchise. This process is expected to take 12-15 months to complete and is subject to regulatory and other approvals.

Mpho Masupe, CEO and Head of Coverage, Standard Chartered Botswana, said: “The strength and attractiveness of the full SC Botswana franchise is a testament to the hard work of the entire SC Botswana team, and we remain committed to securing the best possible outcome for them, our clients and our shareholders. We strongly believe that Standard Chartered Botswana is well-placed to thrive under new ownership with the necessary local scale. We will work closely with colleagues and clients to minimise disruption during the sale process, which will take some time.”

Dalu Ajene, Head of Coverage and CEO, Africa, said: “Standard Chartered is committed to our global strategy of combining differentiated crossborder corporate and investment banking capabilities and leading wealth management expertise for affluent clients. We have operated in Africa for 170 years; the continent remains core to our network, and we have invested heavily in recent years. Over the last three years, we’ve seen Wealth assets under management in sub-Saharan Africa more-than doubled from $1.7billion to $4.0billion driven by growth in our affluent franchise in Kenya and Nigeria. We will do our utmost to minimise disruption and uncertainty during this period as we continue to work in the best interests of all our people and stakeholders.”

Post Views: 46