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Standard Bank, ICBC to raise R10bn for power projects

HARARE – Stanbic Bank Zimbabwe (Stanbic) parent company, Standard Bank Group,  is set to assist its major shareholder, the Industrial and Commercial Bank of China (ICBC), raise R10 billion for power generation. The South Africa-based bank’s chief executive Sim Tshabalala said the deal was in support of the development of South Africa’s power generation infrastructure…

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