With a financial backing of N$150 000, Standard Bank joined the rest of the continent in commemorating Africa Day on Wednesday, May 25. This year’s commemoration marked the 54th anniversary of the African Union.
“Standard Bank has deep roots in Africa. Standard Bank is therefore proud of our entire Group’s achievements in Africa. Standard Bank is the largest African bank by assets and earnings and has been existence as a group for the past 153 years, and in Namibia for 100 years as one of the first commercial banks to open its doors in Lüderitz on the 19th of August 1915,” says Standard Bank’s Chief Executive Vetumbuavi Mungunda.
Standard Bank is a leading African and international banking group focused on global and regional emerging markets. Standard Bank Namibia is a wholly-owned subsidiary of the Standard Bank Group. Standard Bank currently operates in 20 African countries.
“We believe that Africa is definitely open for business and as financier Standard Bank has an intrinsic understanding of what it means to do business on the continent and in growing the important sectors like mining and minerals, oil, gas and renewables as well as power and infrastructure,” says Standard Bank’s Head of Corporate and Investment Banking, Amit Mohan.
Africa Day is celebrated annually across the mother continent to commemorate the 1963 establishment of the Organisation of Africa Unity (OAU), presently called the African Union (AU). The day is set also to continuously remind African states to unite to collectively address the challenges facing the continent.