Global Courant
Stanbic Bank, a leading financial institution in South Sudan, is proud to announce its silver sponsorship at the sixth edition of the South Sudan Oil and Power (SSOP) 2023 conference and exhibition (Themed, “The Engine of East African Growth” SSOP 2023 will take place in Juba, South Sudan, from June 14 to 16.
South Sudan currently has the third largest oil reserves in sub-Saharan Africa, with about 90 percent of the sector remaining untapped. The country has made significant progress in developing its oil and gas sector, particularly in the mid and upstream segments. South Sudan is the only oil producer in the region, with a production capacity of about 170,000 barrels per day.
“We are the market leader in the oil and gas sector in South Sudan. Stanbic Bank owns the majority of the operating companies in the oil and gas industry. We serve a large number of partners and suppliers in the sector and contribute to a more diversified portfolio as we strive for continued expansion within the oil and gas sector,” said Maar Solomon Makuei, Head of Energy and Infrastructure, Stanbic Bank South Sudan.
SSOP 2023 is organized by Energy Capital & Power in official partnership with the Ministry of Petroleum. This annual event serves as a platform to highlight South Sudan’s role as a key player in petroleum exploration, production, innovation and energy collaboration for East Africa, the Middle East and North Africa (MENA), as well as Central Africa, to bring attention.
Mr. Makuei added: “The South Sudan Oil and Power conference provides a unique opportunity for investors to explore and engage with various stakeholders in the upstream, midstream, mining, power generation and distribution and infrastructure sectors to come.”
Stanbic Bank’s dedicated energy and infrastructure division demonstrates the bank’s commitment to supporting the industry’s growth and development as it reaffirms its position as a critical player in the South Sudanese oil and gas industry.
Distributed by APO Group on behalf of Energy Capital & Power.
For more information, please contact:
Catherine Nyroge
External Relations & Communication
Senior manager
Kenya and South Sudan
Phone: +254 (722) 664 992
Fax: +254 (20) 310601
Email: (email protected)
For more information, visit www.StanbicBank.co.Ke
About Stanbic Holdings Plc:
Stanbic Holdings Plc (“the Group”) is a subsidiary of Stanbic Africa Holdings Limited (“SAHL”), which in turn is owned by Standard Bank Group Limited (“the Group”), Africa’s largest banking and financial services company. Stanbic Holdings Plc owns 100% of Stanbic Bank Limited and 100% of SBG Securities Limited.
Stanbic Bank is a member of the Standard Bank Group, the largest bank in Africa by assets. The largest shareholder of the Standard Bank Group is Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a stake of 20.1%. Standard Bank Group has direct, on-the-ground representation in 20 African countries. Stanbic Bank is licensed and regulated by the Bank of South Sudan and has been providing banking services in South Sudan since 2004, before the signing of the Comprehensive Peace Agreement (CPA) in 2005.
The bank provides corporate, corporate and personal banking services to key sectors that drive South Sudan’s economy, including oil and gas, energy and infrastructure, humanitarian and development aid, government, telecommunications and insurance. We offer tailor-made transaction solutions and currency exchange services.
This press release is issued by APO. The content is not checked by the African Business editors and none of the content has been checked or validated by our editors, proofreaders or fact-checkers. The publisher is solely responsible for the content of this announcement.
