Standard Chartered said Wednesday it is exploring a potential divestment of its wealth and retail banking operations in Uganda, Zambia and Botswana as part of a strategic refocus on its affluent client base.
The bank’s pending exit from the two sectors, the bank said Wednesday, would make it refocus and strengthen its business model in corporate and institutional banking. Standard Chartered has been operating in Uganda for more than 112 years, making it the oldest commercial bank in the country. Read more
