Standard Chartered Plc is contemplating the sale of its wealth and retail banking operations in Zambia, Uganda, and Botswana. The purpose of this strategic move is to generate cash that the bank plans to reinvest in other areas of its business.

The bank has stated that any financial impact resulting from these potential divestitures is expected to have no significant effect on its overall financial results. This decision reflects Standard Chartered's ongoing efforts to optimize its operations and focus on more profitable segments.