Business
Standard Bank Expands Service with Business & Commercial Banking Division

Standard Bank Mauritius is enhancing its solution portfolio by launching a new division dedicated to family-owned businesses and small to medium-sized enterprises (SMEs) across Africa, called Business and Commercial Banking (BCB). This initiative was unveiled in September during a conference at the bank’s headquarters in Johannesburg, attended by Sim Tshabalala, Chief Executive Officer of Standard Bank Group.
The goal is to complement the bank’s existing strategy, which has predominantly focused on multinational corporations and publicly traded companies through its primary segment, Corporate and Investment Banking (CIB), since its establishment in 2001.
Francois Gamet, Director of Standard Bank Mauritius, emphasized that family-owned businesses and SMEs looking to leverage Mauritius as a platform for trade and investment in Africa will now have access to all the benefits the country offers to investors.
He highlighted Mauritius’ position as a leading international financial center in Africa, which provides favorable conditions for potential investors.
Tunde Macaulay, Head of Africa Regions and Offshore, pointed out that this new service will enable clients to capitalize on the advantages of operating from a well-established financial hub, which also boasts a strong regulatory framework.
He noted that Mauritius is recognized for its political and economic stability—two key factors that have made it a preferred destination for cross-border business and investment in Africa.
Additionally, the geographic proximity of Mauritius to major African centers and the ease of accessing many countries without a visa are significant advantages for businesses.
Macaulay further stated, “We believe that our strong presence in 20 African countries and our extensive expertise on the continent are additional attractions for family-owned businesses and SMEs in Africa.
By expanding our offerings in Mauritius, we enable our geographic reach to be fully utilized for the benefit of our clients.”
With this new division, Standard Bank aims to strengthen its service offerings and underscore its commitment to facilitating the growth of emerging businesses across the African continent.
Source: l”Express