In an impressive financial move, Standard Chartered, affectionately known as StanChart, has announced a record $1.5 billion share buyback. This decision comes hot on the heels of the bank's pre-tax profits soaring by an unexpected 5% to approximately $3.5 billion in the first half of this year. What does this mean for the future of this London-based bank, which derives most of its revenue from Asia?
In the dynamic landscape of Sub-Saharan Africa's business scene, this week has been rife with significant developments that hint at both challenges and opportunities. Let's delve into the intricacies of these headlines that are shaping the region's economic narrative.