Skip to main content

Standard Chartered opens for business in Angola

Standard Chartered has opened a representative office in Angola bringing its presence in Africa to14.

In a press statement for Standard Chartered Ghana, the Chief Executive Officer for Africa Mike Hart, said “Our new on-the-ground presence will provide us with substantial opportunities to deepen our relationships with our customers operating in Angola and to grow our business, given the significant growth opportunities available in the country”.

The statement noted that, across all its markets in Africa, Standard Chartered has a proven track record in being able to assist companies operating cross-border transactions in Africa and China, providing the necessary financial tools and strategic advice to Chinese companies doing business in the region. The economies of both Angola and China, whilst not immune to the global economic downturn, are showing relatively resilient growth and the Bank expects trade flows to continue to grow.

The announcement from Standard Chartered comes soon after the Bank’s senior Wholesale Banking executives returned from Beijing, Shanghai and Shenzen, China where they met with leading Chinese corporates with commercial interests in Africa. The visit was part of the Bank’s wider Africa-China trade corridor initiative, aimed at deepening Chinese business engagement in Africa.

Commenting on the Bank’s expansion in Angola, Anil Dua, Regional Head of Origination and Client Coverage (OCC), Africa, said “Angola has been the primary focus of our Strategic Non-Presence Country (SNPC) strategy in Africa for several years- a strategy which has enabled us to support our key customers operating in Angola. Our key focus will be the Oil and Gas sector and with deepening our relationships with our Financial Institutions customers.”

Angola is the second-largest producer of oil and gas in Sub-Saharan Africa.
Standard Chartered has a long history and successful track record dealing in the Oil and Gas sector worldwide, offering in-depth industry expertise and delivering value to businesses through financing energy projects and acquisitions; export financing and advice on new project developments.

Standard Chartered’s new Country Representative of Angola is Miguel Bartolomeu Miguel, based in Luanda. Miguel is an Angolan national and has a wealth of finance experience, having worked in the oil and gas sector in Angola for over ten years.

Comments

Popular posts from this blog

Nestlé Ghana Limited Wins Overall Best Industrial Company Of The Year at 13th AGI Industry & Quality Awards

  Nestlé Ghana Limited has been honored with four prestigious awards at the 13th Association of Ghana Industry and Quality Awards ceremony. The event, held in an esteemed setting, gathered prominent figures from Ghana’s industrial sector. Amidst the anticipation, Nestlé Ghana emerged as one of the evening’s notable winners, securing accolades in several key categories. This recognition underscores Nestlé Ghana’s relentless pursuit of excellence and innovation, marking a significant milestone that highlights the company’s substantial contributions to the manufacturing industry in Ghana. Nestlé Ghana's exceptional performance was acknowledged with the following awards: Overall Best National Quality Award, Diamond Category (Food) Overall Best Practices in Sustainable Manufacturing Best Company (Food Sector) Overall Industrial Company of the Year, affirming its status as a leader not only within the food sector but also across Ghana's entire industrial landscape. This success is a ...

Anglogold Ashanti Obuasi Mine tops 2024 Sustainability & Social Investment Awards

 AngloGold Ashanti Obuasi Mine has confirmed its status as sustainability champions by sweeping nine awards, the most won by a company at the 2024 Sustainability & Social Investment Awards (SSI) held at Movenpick Ambassador Hotel in Accra. The feat comes on the heels of a dominant performance in last year's event where AngloGold Ashanti Obuasi Mine swept seven awards. The SSI Awards organised by Ianmatsun Global Services recognizes the most outstanding sustainability, Corporate Social Responsibility (CSR), Environmental, social, and governance (ESG) initiatives in the country and beyond as well as the best teams and individuals who brought them to life. This year's event, which was the 8th edition, was under the theme "Climate Action Now: Accelerating Decarbonization and Building Resilience". The awards won by AngloGold Ashanti on the night include SSI Company of the Year, Best Company in Women Empowerment (project), SSI Company of the Year ( Environment), Best Co...

Zoomlion Advocates Community & Gender inclusive waste management for Climate Action at COP 29

 Africa's waste management giant, Zoomlion Ghana Limited has advocated for an integrated approach to waste management that considers the interest of community members, women and vulnerable groups. James Deku, a Communications Officer of Zoomlion Ghana Limited made this call at the 29th session of the Conference Of Parties (COP 29) of the United Nations Framework Convention for Climate Change (UNFCCC) at Azerbaijan, Baku whiles speaking on the topic "Community-Driven and Gender Inclusive approaches to waste management for Climate Action ". He said the waste sector is a major contributor of methane emissions which is a potent greenhouse gas causing climate change hence the need to manage waste in a manner that considers the interest of all stakeholders. Zoomlion's waste management model is designed and operated in a manner that considers the interest of all stakeholders. Through a Public Private Partnership (PPP) model, local authorities engage community members in clea...