CNBCAfrica recently interviewed Standard Chartered Africa CEO Diana Layfield citing that Africa is on track to outperform other emerging markets. In terms of banking and market opportunities, Africa is rising above the global competition.

“Our belief is that Africa is one of the key growth engines of the world economy for the next ten years. It’s now gone up to eight out of 10 of the fastest growing economies in the world — in the IMF rankings for the next 10 years,” Layfield said in the video. “We see great opportunities in the African markets and great opportunities for businesses across Africa.”

“Old markets,” like oil and gas Layfield added, will remain foundations of economic growth. Newer markets such as agriculture and consumer industries will aid in driving progress.