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Standard Chartered has pledged its commitment to serve as a key player in driving private sector engagement with the African Continental Free Trade Area (AfCFTA), leveraging its extensive history and network.

At a recent Business Roundtable in Ghana, Kariuki Ngari, Chief Executive for Standard Chartered - Africa, emphasised the bank's commitment to the initiative.

"AfCFTA represents a pivotal moment in Africa's economic journey. As a bank deeply rooted in the continent's history, we see it as our responsibility to be at the forefront of this transformation. Our continued investment in trade facilitation is proof of our belief in Africa's potential,” he said.

“We are not just financing trade; we are helping reshape the fabric of intra-African commerce. This is about creating a more integrated, and prosperous Africa, and Standard Chartered is committed to playing a central role in that vision,” Mr. Ngari added.

This comes as globalisation continues to power cross-border trade exports from Africa, currently worth US$645.3 billion, which are set to reach US$952 billion by 2035.

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