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Cape Town - Industrial and Commercial Bank of China, the world's most valuable lender, has so far invested more than $7bn in Africa through projects with Standard Bank [JSE:SBK] ICBC's head said on Thursday.
Jiang Jianqing made the comment at a ceremony to announce ICBC's first representative office in South Africa.
The Chinese bank owns 20% of Johannesburg-based Standard Bank, Africa's largest lender by assets.
Jiang Jianqing made the comment at a ceremony to announce ICBC's first representative office in South Africa.
The Chinese bank owns 20% of Johannesburg-based Standard Bank, Africa's largest lender by assets.
