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China lines up $15 billion capital boost for biggest shareholder in Africa’s largest bank

China is preparing a capital injection of up to $15 billion into the largest shareholder of Standard Bank Group, potentially strengthening a banking partnership connecting Chinese businesses with markets across Africa. Industrial and Commercial Bank of China plans to raise as much as 100 billion yuan, approximately…

Business Insider AfricaBy Ayodeji Adegboyega
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China lines up $15 billion capital boost for biggest shareholder in Africa’s largest bank
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Africa Business Review aggregates and summarises reporting from trusted publishers. The full article is published by Business Insider Africa.

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Original headline: “China lines up $15 billion capital boost for biggest shareholder in Africa’s largest bank

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