“It’s an honour to participate and attend the congress as a panellist, Stanbic Bank is excited to be part of conversations that will further the oil and gas sector and the development of Tanzania’s economy”, said the bank’s Head of Oil and Gas, Mr. Elias Ngunangwa.”
Stanbic Bank Tanzania has vast knowledge, expertise and experience in advising and arranging capital for projects in the sector. “We believe that financial institutions have an important role in facilitating investment in sectors such as oil and gas to promote industrialization and economic growth. We are committed to being a key player in supporting the government and stakeholders to utilize the resource effectively,” he added.
Tanzania is endowed with a proven 57 trillion cubic feet of natural gas reserves, which is the highest among the East African Community (EAC) partner states. Once commercialized, the gas will have a significant impact to the economy of Tanzania through foreign revenue earned. Mr. Ngunangwa elaborated that, the sector is a game-changer in the growth of Tanzania’s economy, particularly industrialization.
The conference aims to foster partnerships and share knowledge on the investment opportunities and explore strategies to boost industrialization in the region. More than 300 Stakeholders are also expected to showcase upcoming oil and gas projects in Tanzania. The conference will provide companies with partnership opportunities and financial advisory insights to help them advance in the sector.
About Stanbic Bank Tanzania
Stanbic Bank Tanzania is part of the Standard Bank Group, Africa’s largest bank by assets.
Stanbic Bank Tanzania provides the full spectrum of financial services. Its Corporate & Investment Banking (CIB) division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate & Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.
Standard Bank’s corporate and investment banking expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in mining and metals; oil, gas and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions.
Stanbic Bank Tanzania’s Personal and Business Banking unit (PBB) offers banking and other financial services to individuals and small-to-medium enterprises. PBB serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.
For further information, go to www.stanbicbank.co.tz
Or please contact;
Desideria Mwegelo
Head of Marketing and Communication
E-mail: mwegelod@stanbic.co.tz
Mobile: +255 266 6430
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