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RMB opens advisory business in Beijing to connect Chinese companies to African opportunities

# Rand Merchant Bank, the corporate and investment banking arm of South Africa’s FirstRand, has opened an advisory business in Beijing to connect Chinese companies and investors with trade and investment opportunities across Africa. FirstRand CEO Mary Vilakazi says China brings capital, technology, manufacturing capability and an ability to build at scale and speed. Africa brings a young population, significant infrastructure needs and considerable opportunities in industrialisation, processing and manufacturing. She added RMB will help Chinese companies navigate African regulatory frameworks, currency and liquidity risks, cross-border payments and local operating requirements.