Stanbic Bank Ghana has presented 100 laptops to the Kwame Nkrumah University of Science and Technology (KNUST) to aid teaching and learning in the school. The donation is in fulfilment of a commitment made to KNUST in November last year, to support underprivileged students in the school with 200 laptops over the next four years.
Speaking at a short presentation ceremony at the Vice Chancellor’s Office on the KNUST campus, Head of Marketing and Communication at Stanbic Bank, Mawuko Afadzinu, emphasized the importance of the partnership between the two institutions and the relevance of the donation.
“This partnership is important for several reasons: when we are able to bring our abilities together to impact lives and in this case impact on at least 100 very bright minds, it could have a transformational effect over and beyond whatever we perceive. Not only are we influencing individuals, but we also get the opportunity to influence their pockets and possibly their community We will review the impact of what we have done and if there is potential and capacity to do more, we are open to increasing the scale, guided by the quality and impact we are getting,” Mr. Afadzinu said.
“Our new CEO, Mr. Kwamina Asomaning, is extremely interested in creating hope and opportunities for the youth because it's been the bane of many countries. One of the worrying concerns we have observed, is creating hope and opportunities for the youth. That is why Stanbic Bank is happy to team up with like-minded people and institutions to persecute this agenda”, said Mawuko Afadzinu.
Vice Chancellor of the KNUST, Prof. Rita Akosua Dickson, who received the items on behalf of the school said the donation will help the school manage the new demands of teaching and learning as a result of the COVID-19 pandemic.
According to Prof. Rita Akosua Dickson, “We can only succeed if we leverage on the partnerships available to us and therefore for us at KNUST, we cherish constructive relationships like the one we have with Stanbic Bank. Whether we like it or not, COVID has come to change the way we do things. The adoption of the blended approach to teaching and learning has come to stay. We needed to immediately jump onto the bandwagon of E-Learning and we fell on Stanbic Bank for their support. We are extremely grateful for their support and commitment to making sure that our students have the best learning experience no matter the circumstance.”
This latest commitment complements Stanbic Bank’s interventions aimed at supporting education in the country.
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"This is a very worthy act and I want to express my gratitude to him. I believe that together we can stop this virus. I also want to ask you to take all precautions and wear masks in public places so that you don't catch the virus or infect others if you are sick. Please take care of your health. If a medical mask makes it difficult for you to breathe or you find it difficult to speak in it, then I recommend looking at this review of clear masks on https://pandemicpal.net/clear-face-masks-deaf/. So, I believe that soon we will be able to take off our masks and enjoy life as before." Yeah, I agree with you. People who hold high positions and who are capable of such actions are worthy of respect. Take care of yourself and be healthy!
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Reading this and understanding the changes in which standard bank are making, with cloud and concentrating more on the user experience has made u think what's more instore does standard bank have for its customer's, I applied for thier next years grad program and omg in so exticted, who knows what my future hold too but to hear about josefs story in the above content fingers crossed and there is always silver lining, To Josef Langer man thank you for giving me another view as too how relationships matter in being a leader and I hope one day we shall meet
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LUSAKA, ZAMBIA - Stanbic Bank Zambia has pumped K150,000 into the hosting of the
2020 N’ cwala Traditional Ceremony of the Ngoni. This year’s ceremony is being held under the theme: ‘ Conserving our culture, for our heritage. ’
The donation was made during a fundraising dinner held at the Mulungushi International Conference Centre in Lusaka on Friday (February 7, 2020).
The event was graced by Acting Minister of Tourism and Arts Hon. Alexander Chiteme, Senior Chief Mzamane and Go Go Mazimawe were among other high-profile dignitaries.
In her opening remarks, N’cwala National Organising Committee Chairperson M'kwinda Sakala expressed gratitude for the support towards the ceremony shown by various stakeholders including Stanbic Bank, adding that it was the committee’s hope that as the first traditional ceremony on Zambia’s calendar year, the N’cwala would set the right tone in showcasing the country’s national u nity and cultural preservation.
And when handing over the bank’s donation, Stanbic Bank Zambia Chief Information Officer Wisdom Shanengeta said: “In staying true to our philosophy which states that Zambia is our home and we drive her growth, Stanbic is pr oud to be the major sponsor of this year’s N’cwala ceremony of the Ngoni.”
He added: “At Stanbic we believe that sustaining the sponsorship of ceremonies like N’cwala is one way in which we can play a role in preserving our national heritage. It is ceremonies like this that safeguard our identity as a people and a nation.
“ Stanbic Bank is part of this heritage because we are part of the Zambian society and we identify with the country’s different cultures. As the saying goes, ‘ people without culture are a lost people. ’ Therefore, our contribution of K150,000 is meant to safeguard and foster the preservation of our own culture as a bank - which is shared by the people of Zambia.”
Speaking at the same event, Senior Chief Nzamane said Zambia’s culture refle cted the country’s unity.
He said: “ Our cultural heritage is a mirror of our national unity. Our diverse cultures unite us as a people. In embracing and celebrating our culture, we must also take an interest in the wider issues like climate change affecti ng our country.”
He called on citizens and traditional leaders to take keen interest in fighting climate change as it was negatively affecting the country’s rainfed agriculture leading to poor yields.
“ As traditional leaders we need to be societ y’s change agents as we stand ready to develop our communities in a responsible way that will be to the benefit of all ,” he said.
And in his keynote address, acting Minister of Tourism Hon. Alexander Chitema said Government was pleased to note that the N’cwala celebrated both the tangible and intangible aspects of Zambia’s cultural heritage.
Hon. Chitema, who was also the event’s guest of honour , urged traditional leaders to maintain the momentum of cultural preservation for future generations.
He noted that: “Traditional ceremonies are n ot only held to perpetuation and promote our cultural heritage but are also used to create economic opportunities for our people. ”
“Such ceremonies remain a dynamic activity for tourism development in Zambia – which is the fourth largest contributor to national GDP. It is for this reason that Government has prioritised the sector as one of the key pillars for economic diversification,” he concluded.
N’cwala is an annual thanksgiving ceremony held by the Ngoni people of Eastern Province to celebrate the year’s first harvest. The ceremony is hosted by Paramount Chief Mpezeni at Mutenguleni village in Chipata.
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Standard Bank is at the forefront in Africa with an innovative and dedicated sustainable finance business offering that benefits clients, communities, the environment and the corporate governance landscape.
Standard Bank of South Africa Limited (“SBSA”) has issued its first ever green bond, via private placement with IFC, a development finance institution focused on the private sector, part of the World Bank Group.
It is a 10-year facility with the express purposes of raising capital for use in on-lending by Standard Bank Group’s (SBG) Sustainable Finance Business Unit and achieving longer tenor financing.
The USD200 million, London Stock Exchange-listed green bond is Africa’s largest green bond and South Africa’s first offshore green bond issuance. The capital raised as a result will be used to finance eligible green assets (renewable energy, energy efficiency, water efficiency and green buildings) aligned to SBG’s Sustainable Bond Framework. The IFC's Performance Standards, which are part of the IFC’s Sustainability Framework, have become globally recognized as a benchmark for environmental and social risk management in the private sector. Read more here: https://bit.ly/2TUJCTg
In Nairobi, Acorn Holdings (Acorn), the largest purpose-built student accommodation property developer in Kenya, has cross-listed its KES 4.3 billion green bond programme, on the International Securities Market (ISM) of the London Stock Exchange.
Stanbic Bank Kenya Limited and SBG Securities Limited acted as sole Arrangers and Lead Placing Agents for the Issuance. The bond programme first listed at the Nairobi Securities Exchange on 13th January 2020.
The bond is a significant step in the development of green finance for East Africa, it is a testament to the bank’s revamped commitment to provision of housing which is one of the key development priorities of the Kenya government.
Kenyas Green Economy Strategy is geared towards enabling Kenya to attain a higher economic growth, which firmly embeds the principles of sustainable development in the overall national growth strategy.
For Stanbic Bank, sustainability is multi-dimensional and is part of the operations. It is about mitigating risks, building resilience, creating opportunities and transforming lives. It is the long-term goal of sustainable development which encompasses meeting the needs of the present without comprising the ability of future generations from meeting their needs.
When it comes to financing, clients should be considering green, social and sustainable products as investors increasingly shift their mandates to sustainable businesses. Read more here: https://bit.ly/333oSgm
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Stanbic Bank Uganda has partnered with Uganda Breweries Limited (UBL) in a new awareness campaign against deforestation by encouraging the public to plant trees to foster sustainable development and save the environment.
As part of the ROOT (Running Out of Trees) Campaign, Stanbic staff will take part in a marathon relay from Kampala to Gulu involving other companies, to highlight the dangers of deforestation.
The two-day 330 km run will take place on 7 th and 8 th February 2020 and will be followed by a National Day of Tree Planting in April 2020 under the theme ’40 million Trees in 8 hrs’. It is hoped every Ugandan will plant and grow at least one tree. In the run, 33 influential runners; both professional runners and volunteers from corporate companies will participate.
Speaking during the partnership announcement, Stanbic Bank Uganda Corporate Social Investments Manager, Ms Barbara Kasekende said, “At Stanbic Bank, we believe in doing the right business the right way. Stanbic’s sustainability vision focuses on Social, Economic and Environmental (SEE) goals, where we aim to ensure we create shared value in the societies and environment in which we operate. The ROOT Campaign speaks to Stanbic’s environment ambitions and our aim is to contribute to restoring and promoting tree planting in Uganda for sustainable development.”
She further said, “Stanbic will join UBL in the ROOT Campaign by planting trees in the over 200 schools as part of our Corporate Social Investment priorities.”
She said they are joining UBL through this initiative to create more awareness about the importance of planting trees and also lobby other agencies to commit land for the communities to have nursery beds and to plant trees and to raise money to develop and run a campaign in collaboration with NFA on alternatives to charcoal.
Speaking partnership press briefing, Mrs. Charity Kiyemba - Corporate Relations Director UBL said they decided to invite other companies to join the campaign to pool more resources together and face the challenge. An average 122,000 hectares of forest cover is lost every year due to human activities. The Ministry of Water and environment has an ambitious goal of planting over 100 million trees by the end of next year. We recognize that as a company, it is going to take collaborative effort. This is why we are coming together to rally other corporate companies to lend their support to this noble cause.” he said.
The high profile and diverse runners will each cover 10 kilometres to make the 330 km distance to Gulu. The event will take place during the day and over night. Each runner may be accompanied by others but not one of the 33. The designated runners will plant trees at different spots along the way.
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We sat down with Mark Nwaila who heads up Regulatory Operations and the Non-Resident Centre in Group Shared Services, to talk about the importance and essence of leadership. Mark has been with Standard Bank for nearly five years but before joining us, he worked at several international corporates.
In a nutshell, Mark is passionate about Human Capital Development, sustainable business driven by authentic leadership.
After spending time with other International Corporates – what attracted you to Standard Bank?
I believe that Standard Bank plays a much greater role in uplifting society through its customer and employee value proposition. Another consideration was working for a purpose driven organization that does more than talk about making a difference but is intent on directing meaningful change. Africa is our Home, we drive her growth. That’s personal, and that’s meaningful; and all our daily activities within this bank are aligned to the purpose of propelling Africa forward.
What is an average day like in your world?
My day is about enabling others by and making sure I share as much of my knowledge as possible. I relish the idea that knowledge is a transferable commodity. I believe that empowered people know what to do, they make informed choices and good decisions. I’m truly passionate about my responsibility as a leader. I need to empower my team with the right knowledge and tools to give them the best opportunity to being successful and in turn positively affecting those around them.
What do you do as Head of Regulatory Operations and the Non-Resident Centre for the organisation?
Essentially it is a risk mitigation role, which includes the risk profiling of our customers. The regulators need us, as a bank, to understand our customer’s risk profile so that we can always demonstrate that we understand our overall risk landscape.
From the Non-Resident Centre perspective, we look after emigrating customers or pure Non-Resident customers who have banking interests in South Africa. By way of example, Ntombi lives in the UK but travels to South Africa every year on a safari trip, she can open an account as a non-resident and deposit money that he can then use when she is in South Africa without having to do foreign exchange transactions, as the Non Resident account would have already catered to FOREX conversion when funds are sent to South Africa.
How is the role structured and why is it in Group Shared Services?
Regulatory Services and the Compliance environment are my biggest stakeholders as they are the ones that determine policy and guidelines; and we execute against the policy.
What have you learnt from your time at the other big international corporations?
In my experience, a high-performance culture is important because it embeds the belief that our success is determined by the work we do, and that if we don’t do the work, we won’t get the results we set out to achieve.
In your career at Standard Bank what has been some of your highlights?
One of my greatest highlights was to be given the opportunity to implement different operational strategies that would significantly uplift team performance and likewise exceed the goals of the teams I was leading.
We were purposeful by using an agile approach to work. What that meant was if we were working on something that was not yielding results – we would quickly change the way we worked (failing fast). This helped us to focus on being effective and impactful as opposed to keep on working on a process that was ineffective.
We also focused on a change of mindset and behaviour. We changed our performance rating system from one-on-one to a monthly stand-up where everyone has an opportunity to rate themselves on the work they have done and provide their motivation for their rating. The whole team has an opportunity to give input. This encourages honest conversations and collectively working as a team to achieve team goals. A transparent working environment takes away the negative behaviour around performance management.
The unintended benefits have been huge. We stopped the talk of “my manager says”, or “they do strategy and we implement” – we all work and contribute to the same goals. We manage effectiveness through directed and coordinated efforts.
It was an interesting journey to get people to change and adopt new ways, but now the expectations have changed and the expectation is that you have critical conversations with your peers and all levels of leadership. The landscape has changed for the better.
You have talked a lot about leadership principles, do you have a role model whom you think gets leadership right?
My philosophy around leadership is less about qualities and more of being, i.e. identity. In business schools and business seminars, the focus is often on leadership qualities. For me it’s more about how we show up as human beings, both consistently and authentically. A leader should own their emotions and show vulnerability. They should be able to admit they are not perfect and sometimes can be human just like anyone else; but the important thing is to remember the impact of your behaviour on others. If you make the right decisions, you can have a positive impact on those around you.
Leaders I have admired are those who have a sense of being and a deep sense of humanity. I appreciated and admired a lady called Roze Phillips who mentored me. She is authentic and calm. She taught me how to apply the calmness and make it part of my being. Another lady, Nicky Newton-King, a fantastic human being, she is dynamic, she sees business for what it is, and she is the one person who taught me to separate emotion and delivery. She showed me how to create a clear line between driving strategy and being empathetic within the workplace. The principle of work is work and there should be no cross over between how we relate as people. Those two things are mutually exclusive however intertwined. It’s an art to know the distinction.
Patrick Sithole from Tiger Brands is exceptional at challenging. He taught me that if things don’t make sense challenge them and Noel Guliwe from Medipost is the voice of reason, he understands the challenges of South African organizations in the context of South African socio-political landscape. All business models must be aligned to this phenomenon, if organisations are to see success in the goals they aim to achieve.
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Hi Adam I'm so delighted to hear that our company actually has a great team with great devotion towards consumer and staff behaviors. I'd also like to be part of such a great experience. I'm in the branch network for 14 years and now have the desire to analyze & inspire.My next is to study part time with Unisa : Industrial Psychology. Let me know if an opportunity arises! Ta, Natalie Cornelius
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Stanbic Bank Tanzania today reaffirmed its commitment to the development of Tanzania and announced that in 2019 it provided TZS 177 billion in funding to various infrastructure development projects in the country. Providing finance and financial expertise to the private and public sector in Tanzania is a key focus for the bank.
Stanbic Chief Executive Mr. Ken Cockerill said, “Stanbic Bank is well positioned to play an important role in supporting Tanzania’s second Five Year Development Plan, which seeks to encourage industrialization and promote economic growth and social development.”
Mr Cockerill also mentioned that, “Infrastructure development is the cornerstone for sustainable long-term economic growth and competitiveness. With that in mind we are proud to be at the forefront of bridging the infrastructure funding gap to accelerate socioeconomic transformation in Tanzania.”
Unlocking private sector funding will create solutions to bridge Tanzania’s and the continent's infrastructure deficit and challenging business environment by developing and financing infrastructure, natural resources and industrial assets with a view to enhancing productivity and generating economic growth across Africa.
The Government of Tanzania has in 2019 dedicated over TZS 12.2 trillion (USD 5.3 billion) towards key development projects that include Africa’s longest Standard Gauge Railway (SGR), the Uganda-Tanzania Crude Oil Pipeline and Julius Nyerere International Airport Terminal 3.
On his part, Stanbic’s Head of Corporate & Investment Banking, Mr. Manzi Rwegasira said, “Tanzania is well on its way to bridging the infrastructure gap which is critical to Tanzania becoming a middle-income country by 2025.”
Tanzania’s population is also growing at a rate of 1.6 million people per year and this is projected to reach 67 million people by 2025 and 77 million by 2030, hence the importance for modern infrastructure for an upcoming middle-income country.
Mr. Rwegasira added that, “It is through collaboration between the private and public sector, spearheaded by corporates such as Stanbic Bank Tanzania, that will drive inclusive development in our economy.”
Official data from the Bank of Tanzania shows that the country’s economy grew at an average GDP growth rate of 6.6% in 2018 with the infrastructure sector significantly contributing to this growth. This year, the economy is projected to grow by 7.1 % with infrastructure projects such as roads, ports and rail expected to drive Tanzania’s GDP growth.
Since, 2018 Stanbic has raised over TZS 300 billion in financing for Tanzanian companies and institutions across the agricultural, consumer, industrial, natural resources and government sectors.
The bank is committed to working with the government and key stakeholders to improve the investment and resource mobilization climate in order to ensure that Tanzania realizes its socio-economic aspirations by 2025.
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