By Sibhekisipho Fayayo
Cape Town: As Africa’s Green Economy Summit (AGES) convenes in Cape Town, Standard Bank, a gold sponsor, is championing sustainable development and green transitions across the continent. Deerosh Maharaj, Executive Head for Energy, Infrastructure & Mining at Standard Bank, shared insights into the bank’s vision and commitment to driving Africa’s green future.
Maharaj, who leads three sector teams at the bank, emphasized Standard Bank’s dedication to supporting Africa’s growth while navigating the evolving global landscape. “Africa is our home, we drive her growth,” Maharaj stated, highlighting the bank’s core principle. He explained that Standard Bank aims to be a key enabler for clients undergoing green transitions, both in their own operations and in how they support businesses.
Maharaj acknowledged the challenges inherent in Africa’s current economic stage. “African economies are still developing and growing,” he noted, “and the required transitions can hamper short-term growth.” However, he also stressed the immense opportunity this presents for smart planning and leapfrogging, positioning Africa as an attractive investment destination.
Standard Bank is actively involved in numerous sustainability projects, supporting clients in executing their sustainability master plans. Maharaj highlighted the bank’s focus on assisting Small to Medium Enterprises (SMEs) in adopting green practices to remain competitive, with a particular emphasis on energy, waste, and water solutions.
The bank’s decision to partner with AGES reflects its commitment to supporting this vital platform. “AGES has become a landmark event,” Maharaj explained, “bringing together like-minded leaders and showcasing the latest African green innovations.” He expressed excitement about the alignment of aspirations between Standard Bank and the summit.
Maharaj’s message at the event will center on Standard Bank’s commitment to partnering with clients for growth and resilience during this complex transition. “If these are the challenges or topics that interest you as a business,” he encouraged, “reach out to us, and we can walk this journey together.”
He also commended the summit organizers for attracting R4 billion in project pitches, expressing enthusiasm among the Standard Bank team to engage with these project owners. The bank’s presence at AGES underscores its commitment to fostering a sustainable future for Africa, driving green innovation, and empowering businesses to thrive in the evolving green economy
