{"id":846478,"date":"2026-01-05T08:47:54","date_gmt":"2026-01-05T06:47:54","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=846478"},"modified":"2026-01-05T08:47:58","modified_gmt":"2026-01-05T06:47:58","slug":"standard-bank-representative-office-first-to-be-re-licensed-under-ethiopias-new-banking-proclamation","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/846478\/standard-bank-representative-office-first-to-be-re-licensed-under-ethiopias-new-banking-proclamation\/","title":{"rendered":"Standard Bank representative office first to be re-licensed under Ethiopia&#8217;s new banking proclamation"},"content":{"rendered":"\n<p>Standard Bank\u2019s Representative Office in Ethiopia has become the first foreign financial institution to be re-licensed under the country&#8217;s newly revised Banking Business Proclamation. <\/p>\n\n\n\n<p>This milestone comes as Ethiopia advances reforms aimed at increasing foreign investment and strengthening its financial sector.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.standardbank.com\/sbg\/standard-bank-group\/contact-us\/ourfootprint?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=January+2026\" target=\"_blank\" rel=\"noreferrer noopener\">Click here for more information about Standard Bank.<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>Taitu Wondwosen, Head: Ethiopia, Standard Bank Corporate and Investment Banking, says, \u201cLaunched in 2015, our Representative Office has been instrumental in connecting Ethiopian businesses to regional and international markets. <\/p>\n\n\n\n<p>The re-licensing enables us to accelerate partnerships to unlock growth opportunities in areas such as infrastructure development in the country and cross-border trade for our clients in Ethiopia.\u201d<\/p>\n\n\n\n<p>Ethiopia&#8217;s banking sector reforms form part of broader economic liberalisation efforts that include expanded provisions for foreign investment. <\/p>\n\n\n\n<p>These changes are expected to enhance and facilitate greater international banking participation in Ethiopia&#8217;s growing economy.<\/p>\n\n\n\n<p>Standard Bank&#8217;s successful re-licensing under the new provisions demonstrates the bank\u2019s strategic alignment with Ethiopia&#8217;s development objectives. <\/p>\n\n\n\n<p>The re-licensing also reinforces Standard Bank&#8217;s long-term commitment to supporting its clients and Ethiopia\u2019s economic transformation journey.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.standardbank.com\/sbg\/standard-bank-group\/contact-us\/ourfootprint?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=January+2026\" target=\"_blank\" rel=\"noreferrer noopener\">Click here for more information about Standard Bank.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Bank\u2019s Representative Office in Ethiopia has become the first foreign financial institution to be re-licensed under the country&#8217;s newly revised Banking Business Proclamation. <\/p>\n","protected":false},"author":57,"featured_media":846480,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[499],"class_list":["post-846478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/846478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=846478"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/846478\/revisions"}],"predecessor-version":[{"id":847102,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/846478\/revisions\/847102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/846480"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=846478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=846478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=846478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}