INTERVIEW | Battle of the banks: Standard Bank races to remain Africa's biggest

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Standard Bank says its strategy for expanding market share in the continent is to bank the poor and low-income majority. Photo: Standard Bank.
Standard Bank says its strategy for expanding market share in the continent is to bank the poor and low-income majority. Photo: Standard Bank.

It's a scramble for Africa of a different kind, not the one characterised by invasions and brutal exploitation of the continent's mineral wealth and its people.

It's Africa's homegrown financial services strategising how to outdo the competition and grow their footprint in the continent. Standard Bank went as far as sending its executives to spend a day in the shoes of ordinary people in Soweto to understand what a typical poverty-stricken African consumer wants from a bank.

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