British multinational lender Standard Chartered Plc has valued the assets in the markets it plans to exit in Africa and the Middle East at $1.63 billion (Sh216.6 billion).
The London Stock Exchange-listed firm is pulling out of the markets that include Angola, Cameroon, Zimbabwe, Gambia and Sierra Leone, Jordan and Lebanon to focus resources on others in the regions that are more profitable while simplifying the group’s business that spans Africa, the Middle East, Asia, Europe and America.
