Standard Bank does not intend to pull finance from fossil fuels "overnight", as it would be impractical, says chief executive for corporate and investment banking Kenny Fihla.
The accelerating pace of technological change and Africa’s booming tech start-up ecosystem has drawn the attention and support of large African corporations like Standard Bank.
The global climate crisis has mainly been caused by carbon emissions from the fossil fuel industry, among other culprits. Such companies would not have been able to continue their efforts without funding from financial institutions, and in South Africa, the situation has been no different.