A Sierra Leonean court has granted an injunction preventing the sale of Standard Chartered Bank Sierra Leone until the end of a wrongful dismissal case brought against the bank by two former senior employees. The employees, who were dismissed in 2021, are seeking compensation for breach of contract and damages for injury to their professional and personal reputation. The parent company, Standard Chartered Plc, had previously challenged the authority of Sierra Leonean courts to hear the case, but later submitted to the jurisdiction. The case has been adjourned until March 6th 2023.
-
Zimbabwe: FNB, others bid on StanChart Zimbabwe takeover
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country’s oldest financial institution, has moved a gear up after five prospective investors including local and regional entities submitted their bids, the Zimbabwe Independent revealed. The London-headquartered bank announced on April 14 last year, that it would leave Angola, Cameroon, Gambia, Sierra Leone and Zimbabwe, as well as Jordan and Lebanon in the Middle East.
Categories: Banks