Standard Chartered Received $29 Million From Sale of Cameroon Unit to Access Bank

Standard Chartered Received $29 Million From Sale of Cameroon Unit to Access Bank BY Baudouin Enama Standard Chartered received $29 million, approximately CFA16.3 billion, from the sale of its Cameroon subsidiary to Access Bank. The amount, which was not disclosed when the transaction closed in December 2025, appears in the British banking group's 2025 financial statements, published on February 24, 2026. In its cash flow statement, Standard Chartered provides a breakdown of the proceeds from three African disposals completed in 2025. Of the $48 million received, $29 million came from the sale of Standard Chartered Bank Cameroon, $13 million from operations sold in Tanzania, and $6…