“By partnering with Standard Bank Group, we are simultaneously helping to build a more resilient banking system and supporting the SMEs that drive jobs and inclusive growth.” Standard Bank Group has committed to allocating the full ZAR 5.4 billion to SMEs, including women-led businesses, in recognition of the gender financing gap that persists in South Africa’s small business sector. Luvuyo Masinda, Chief Executive of Corporate and Investment Banking at Standard Bank Group, said: “We are delighted to close another landmark transaction with the AfDB, following the successful 2024 transactions. “This transaction is designed to be catalytic, encouraging the broader adoption of international best practice in banking across the African continent,” said Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank. This transaction deepens a longstanding partnership between the African Development Bank and Standard Bank Group, dating back to 2008.