Standard Chartered Initiates Sale of Botswana Business

Standard Chartered has commenced the sale of its Botswana operations, with initial bids anticipated by mid-year, according to sources. Bloomberg posted on X, revealing the bank's strategic move to streamline its operations. The decision aligns with Standard Chartered's broader strategy to focus on markets with higher growth potential. The sale process is expected to attract interest from various bidders, reflecting the bank's efforts to optimize its global footprint. The move comes as part of Standard Chartered's ongoing evaluation of its business portfolio, aiming to enhance efficiency and profitability.