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Stanbic Bank, NBA Africa and Luol Deng Foundation Celebrate First Jr. NBA/Jr. Women’s National Basketball Association (WNBA) Finals in South Sudan

Location: Sport
National Basketball Association (NBA)

Stanbic Bank in South Sudan, NBA Africa (www.NBA.com) and the Luol Deng Foundation today hosted the first edition of the Stanbic Jr. NBA/Jr. WNBA Finals, which took place at the Nimra Talata Basketball Stadium in Juba, South Sudan.  Juba One 76ers were crowned the inaugural season's champions, with Khalid Jibrin named the finals' Most Valuable Player.

Notable attendees included Stanbic Bank South Sudan Head of Business Fred Ouko, Luol Deng Foundation Founder and two-time NBA All-Star Luol Deng, Luol Deng Foundation CEO Arek Deng, 1995 NBA All-Star and 1992 Slam Dunk champion Cedric Ceballos, Basketball Africa League President Amadou Gallo Fall, and South Sudan national team members Wenyen Gabriel, Kuany Kuany and Nuni Omot.  The event builds on Stanbic Bank and NBA Africa's multiyear collaboration, which launched in 2022 and featured the unveiling of a new outdoor basketball court at St. Mark's Orthodox School in Juba last December.

“The remarkable performance of the South Sudan national basketball team at the Paris Olympics highlighted the tremendous sporting talent within South Sudan,” said Stanbic Bank Chief Executive for Kenya and South Sudan Dr. Joshua Oigara.  “Through our collaboration with NBA Africa and the Luol Deng Foundation, we are supporting the country to build on this potential and remain committed to driving South Sudan's growth through meaningful collaborations and initiatives.”

“The success of the first Jr. NBA/Jr. WNBA league season in Juba speaks to the great passion for the game of basketball in South Sudan and its impact on local communities,” said NBA Africa CEO Clare Akamanzi.  “The South Sudan national team's performance on a global stage in recent months demonstrated how much the sport is growing in the country and we look forward to further collaborating with Stanbic Bank and the Luol Deng Foundation to make the game even more accessible for young people here.”

“I knew South Sudanese children had what it takes when the stage is set right for their learning, so I was not surprised about the talent,” said Deng.  “What impressed me the most is the improvement in coaching and seeing how each school showed up to support players.  The joy, the competitive, but yet peaceful spirit that the spectating students showed was so amazing to see.” 

“This is my first visit to South Sudan, and it was incredible to see all the excitement on the court this afternoon,” said Ceballos.  “I have seen firsthand the impact basketball can make on young people's lives and continuing to build on such platforms for boys and girls to play the game will be paramount to their success on the court, and in life.”

The Jr. NBA/Jr. WNBA is the league's global youth basketball program for boys and girls that teaches the fundamental skills and core values of the game – teamwork, respect, determination and community – at the grassroots level in an effort to help grow and improve the youth basketball experience for players, coaches and parents.  The Jr. NBA/Jr. WNBA program has been launched in 19 African countries, reaching more than 170,000 youth from across the continent last year.

Distributed by APO Group on behalf of National Basketball Association (NBA).

Contacts:
Rachel Nderitu
Stanbic Bank
NderituR@stanbic.com
+254723710540

Pawel Weszka
NBA Africa
pweszka@nba.com
+27 10 007 2666

About Stanbic Bank:
Stanbic Bank is a member of the Standard Bank Group, Africa's largest bank by assets.  Stanbic Bank is licensed and regulated by the Bank of South Sudan and has provided banking services in South Sudan since 2004, before the signing of the Comprehensive Peace Agreement (CPA) in 2005.  The bank provides corporate, business and personal banking services to the key sectors that drive the South Sudan economy, including Oil & Gas, Power & Infrastructure, Humanitarian & Development Assistance, Government, Telecommunications and Insurance.  

About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball.  NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya.  The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, NBA Stores, the BAL, and more. 

NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015.  The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that concluded its fourth season in June 2024.  Fans can follow @ NBA_Africa and @ theBAL on Facebook, Instagram, X and YouTube.

About Luol Deng Foundation:
The Luol Deng Foundation (LDF) was established in 2005 to empower youth to realize their limitless potential through sport and development.  LDF creates pathways to opportunity through sport, education, wellness, and equality.  Over the years, LDF has grown beyond basketball and expanded its reach into areas of education, wellness, and equality for young South Sudanese.  We believe youth are the key to transforming our country and our world.

For more information visit www.LuolDeng.org, follow @ ldengf on Facebook, Instagram, Twitter and YouTube.

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Trading Gap Narrows as More Women Gain Confidence

Location: Business

Nearly half of South African households (42,1%) are headed by women, according to Statistics SA’s 2022 census. In these households, women are often both primary caregivers and breadwinners. They wield significant influence in household purchasing decisions and are pivotal in passing down knowledge on how to handle finances to future generations. Despite this role, studies …

Read moreTrading Gap Narrows as More Women Gain Confidence

Absa’s Webber to Highlight Environmental Social Governance (ESG) and Investment Trends in African Critical Minerals at Critical Minerals Africa (CMA) 2024

Location: News
Energy Capital & Power

Mining company African Rainbow Minerals (https://apo-opa.co/46M4tND) reached an agreement last September with financial services company Absa – along with finance institutions Standard Bank, the Development Bank of South Africa and Nedbank – to provide finance for the construction of a 132 MW solar project. The move is set to provide renewable energy to platinum mining projects in South Africa through power purchase agreements (PPAs). 

To support the growth of South Africa and Africa's critical mineral industry, Absa is participating in this year's Critical Minerals Africa (CMA) 2024 summit. Shirley Webber, Coverage Head of Resources & Energy at Absa Corporate and Investment Banking – an Absa subsidiary –, will discuss the firm's contributions and investment strategy in the African critical mineral sector. 

The Critical Minerals Africa 2024 summit on November 6-7 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week: Invest in African Energy 2024 conference on November 4-8, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com. 

Absa is a major player in Africa's critical mineral industry, providing direct financing to project developers, while supporting critical mineral mining projects through long-term PPAs. The institution is arranging a $120 million debt facility to support platinum group metal (PGM) mining firm Pensana's (https://apo-opa.co/4fTeBZo) strategy to achieve first PGM production in South Africa by 2025. Absa also partnered with French financial services firm Société Générale in March 2023 to raise $130 million in funding to support PGM and chrome-producer Tharisa (https://apo-opa.co/46HEd76) with its mining operations in South Africa. 

Absa has positioned itself as a key driver of environmental social governance (ESG) and skills and capacity building within Africa's critical mineral sector as the global mining industry prioritizes environmental sustainability and local content development. In May 2023, Absa closed a $562.4 million sustainability-linked green bond for mining firm Harmony Gold, enabling the company to expand production and reduce its carbon footprint at its gold and copper projects across Africa. As such, Webber is expected to use the CMA 2024 platform to highlight how Absa is driving ESG projects across Africa's critical mineral sector. 

“Companies like Absa have positioned themselves as key enablers of Africa's critical mineral industry growth by simplifying access to capital for project developers. As demand for Africa's energy transition metals grows and global markets prioritize environmental sustainability, the capital and ESG expertise provided by Absa will be crucial,” stated Rachelle Kasongo, Project Director at CMA 2024 organizer Energy Capital & Power. 

Distributed by APO Group on behalf of Energy Capital & Power.

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The drive for inclusive banking benefits for all Africans is being won, but much remains to be done

Location: Business

The digital drive towards alleviating poverty, promoting economic growth, and building opportunities through financial inclusion is slowly being won. But, for many Africans, ‘cash is still king,’ and financial institutions have much to do to build on the successes that saw 49% of Africans join the formal banking sector between 2011 and 2022, says Standard …

Read moreThe drive for inclusive banking benefits for all Africans is being won, but much remains to be done

An estimated 29% of emerging high-income South Africans don’t have emergency savings

Location: Business

South Africa’s tough economic conditions have left many consumers struggling to build emergency cash savings. According to Standard Bank data, more than half (52%) of entry level private banking clients have less than one month of their salary saved in immediately accessible cash savings available, to use in the event of unforeseen circumstances such as …

Read moreAn estimated 29% of emerging high-income South Africans don’t have emergency savings

First Time Home Buyers on the Increase

Location: Business

Despite record-high interest rates, Standard Bank has noted a resurgence in first-time homebuyer activity in South Africa, potentially driven by expectations of imminent interest rate cuts. In May, nearly 50% of home loans registered by Standard Bank were taken by first-time buyers. This included all approved home loans where at least one applicant was purchasing …

Read moreFirst Time Home Buyers on the Increase

Saluting former Minister Naledi Pandor

Location: News

Saluting former Minister Naledi Pandor

Praises from around the world are rolling in for Dr Naledi Pandor as she steps down from her government position after serving as a Member of Parliament (MP) since 1994.

Pandor is one of the Ministers who is not returning to Parliament to serve in the seventh administration.

In February this year, the outgoing International Relations and Cooperation (DIRCO) Minister alluded to her retirement during an African National Congress (ANC) event in Cape Town.

She stated that she would “in any case not hold public office” after serving in the position since 2019.

On Sunday, President Cyril Ramaphosa announced his Government of National Unity (GNU) Cabinet, appointing Ronald Lamola to replace Pandor. Lamola had previously served as the Minister of Justice and Constitutional Development.

Since then, warm wishes and tributes commemorating Pandor’s work continue to pour in.

DIRCO Director-General, Zane Dangor, described Pandor as one of the most principled and dynamic Ministers he has ever worked with and someone with an “unrivalled” intellect.

Pandor, a former teacher and lecturer, has numerous qualifications under her belt.

In interviews, Pandor credits her love for books and education to her anti-apartheid activist parents, Joe and Fikile Matthews, during the years they spent with her in exile.

Born in Durban, KwaZulu-Natal, she grew up in exile. She completed her education in Botswana and London in the United Kingdom, achieving a professional qualification in teaching and a Master’s Degree in Education.

She holds a PhD from the University of Pretoria, a Master’s Degree in General Linguistics from the University of Stellenbosch, and a Diploma in Leadership and Development from the Kennedy School of Government, Harvard University.

She received honorary doctorates from Cape Peninsula University of Technology, University of Stellenbosch, University of Lisbon, and University College Dublin.

Dangor said Pandor made her mark in all areas she worked in.

“In the last five years, she emerged as one of the world’s leading and valued diplomats,” he added. 

Adoration of a daughter

Pandor’s daughter, Dr Aisha Pandor, took to X, formerly known as Twitter, to also honour her mother.

She shared that her mom has been a member of the ANC and an activist for as long as she can remember.

“I share a birthday with the ANC, and for most of my life, I proudly spent January 8th with other family or friends, while my parents served the party," she said.

After being elected as an MP in 1994, Naledi Pandor quickly rose to the position of Deputy Chief Whip of the ANC caucus in 1995. Subsequently, she was elected Deputy Chairperson of the National Council of Provinces in 1998 and then became chairperson in 1999.

“Since I was almost nine years old, she has served as a member of South Africa’s democratic government. During those three decades, she has led with dedication, integrity, intelligence, wisdom, a love for her country, and a focus on principles, those held high by her religion, upbringing, country and party,” Pandor’s daughter said.

Aisha mentioned that she admired her mother and was excited about the next phase of her life.

“Yesterday, I told her countless times how much I love her; how much she inspires me, and how proud I am of her. I’m also hoping that as by far the most hardworking person I’ve ever met, she finally takes a bit of well-deserved time for rest.”

Gaza

Pandor is celebrated for her fearless advocacy for her country’s stance on Gaza. She has persistently called for increased action against Israel’s invasion of Palestine.

Under her leadership, the International Court of Justice ordered Israel to take measures to prevent acts of genocide in Gaza, as well as to provide more assistance to Palestinian civilians. This comes as Israel continues to engage in a conflict with Hamas militants.

The SKA and other ministerial appointments

During her time as Minister of Science and Technology, Pandor and her team successfully secured a competitive bid in 2012 to host part of the future Square Kilometre Array (SKA) telescope in South Africa.

She has also served as the Minister in the Department of Home Affairs and Department of Education.

Serving with integrity

In 2022, she received a Lifetime Achievement award at the Standard Bank Top Women Awards for the role she played in government.

Former Minister and World Bank Group Executive Director, Ayanda Dlodlo, stated that Pandor’s integrity was unparalleled and that her work ethic was exceptional, demonstrating servant leadership.

“What a woman. What a leader… Hope the next chapter of her life is even more fulfilling with more time with her family and many moments of love and laughter.”

The German Ambassador to South Africa, Andreas Peschke, also expressed his thoughts on the matter.

“We would like to thank Dr Naledi Pandor, outgoing Minister of International Relations and Cooperation, for her tireless diplomatic work. For Germany, it was a privilege to work with you. Re a leboga, Mme [Thank you, Mother],” the Ambassador said.

Founder of the Kenya Climate Directory, Reuben Wambui, expressed his disappointment at Pandor’s departure from the Cabinet.

“Naledi is the true embodiment of diplomatic genius, and we will really miss seeing her conduct international affairs on the world stage. Thank you Naledi for your excellent service.” – SAnews.gov.za

 

Gabisile
Tue, 07/02/2024 - 13:14

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SB announces MVNO collaboration with MTN

Location: Business

Standard Bank has announced a new Mobile Virtual Network Operator (MVNO) collaboration with MTN giving its South African customers access to the mobile operator’s extensive coverage across the country. As part of the bank’s telecommunication strategic direction, Standard Bank Mobile will now be called Standard Bank Connect and will introduce a new set of data …

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