Standard Bank, one of the leading banks in Mozambique, reaffirms its commitment to promoting the country's sustainable economic development by strengthening financial and commercial co-operation with China through its strategic partnership with the Industrial and Commercial Bank of China (ICBC), the largest bank in China and the world's largest by assets.

In a global context marked by rapidly evolving financial and commercial dynamics, this co-operation presents a strategic opportunity for the country. Standard Bank highlights the growing significance of this economic relationship, which has established itself as a key driver of investment, trade and financing for national development.

Established in 2008, when ICBC became a shareholder in the Standard Bank Group, the partnership has helped to consolidate a financial bridge between Africa and China, facilitating the financing of major infrastructure projects, foreign investment and trade between the two markets. This connection has also made it possible to mobilise capital and provide robust financial solutions for companies operating across these two economic regions.

(Source: @Verdade, on 24 March)