Standard Bank Group officially launched its representative office in Egypt during an event held at the Pyramids of Giza in Cairo, according to a press release.

The second week of November brought several notable economic developments. Egypt’s Ministry of Investment and Foreign Trade decided to ban the import of refined sugar for commercial purposes for three months, while the country’s net international reserves (NIR) reached $50.071 billion at the end of October 2025.

Standard Bank Group, Africa’s largest financial institution by assets, will officially launch its representative office in Egypt

Egyptian Minister of Investments and Foreign Trade Hassan El-Khatib has met with representatives of international banks to probe boosting investments in Egypt.

Standard Bank Group, as the largest lender in Africa in terms of assets, is planning to open a new office in Egypt to benefit from the increasing trade between Africa and the Middle East.