The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Africa's best bank for financing 2020: Standard Chartered

Awards for Excellence 2020

Standard Chartered’s contribution to the development of African markets this year was shown in several transformational infrastructure deals, including Tanzania’s light railway and a huge offshore oil drilling rig in Angola. This contribution makes it Euromoney’s best bank for financing in Africa.

Investment in infrastructure remains a critical need on the continent. Standard Chartered has worked alongside export credit agencies and multilateral development banks to deliver power plants in Ghana, infrastructure in Uganda and light rail in Tanzania.

In February, it signed a $1.46 billion loan agreement with Tanzania to fund the construction of 550-kilometre standard gauge railway running between Dar es Salaam and Makutupora in the centre of the country.

According to the Tanzania Railways Corporation, it is expected that the line will address congestion challenges and decrease freight service charges by 40%, as it will be able to carry up to 10,000 tonnes of freight, equivalent to 500 lorries, per trip.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree