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Standard Bank last Wednesday launched a programme of activities to mark the bank’s 130th anniversary, which will take place over the next 12 months across the country and will have economic, socio-cultural and sporting nature and objectives. Celebrating Standard Bank’s contribution to Mozambique’s history.
The president of the bank’s Board of Directors (PCA), Esselina Macome, said during a meeting with journalists that the institution is proud of its comprehensive national coverage, which reflects its alignment with the challenges and opportunities facing Mozambique.
According to the PCA, “since 1894, when our first institution opened in the city center, seven years after Lourenço Marques became a city, today’s city of Maputo, we have witnessed the evolution of our country, shoulder to shoulder with the development and consolidation of our banks”.
It was with this vision that the bank expanded to the city of Beira in 1896, opening a branch and helping to bring the Beira Railway-Port corridor to life, before expanding to Mangungumete, Ribáuè, Alto, among others, added Balama Morokwe. The bank’s presence in several regions is a symbol of confidence in Mozambique’s potential and its strategy of being close to communities to promote local growth. Standard Bank believes that being close to communities is essential to supporting and stimulating regional development.
As the PCA stresses, in addition to its commitment to the country, the bank deeply values its employees, considering them its most valuable asset: “We invest in the continuous training of our employees to maintain excellent customer service, respecting the tradition that began with Standard Tota and continues under the name of Standard Bank”, he stresses.
On the occasion, the bank’s managing director, Bernardo Aparício, referred to the institution’s 130 years of contribution as a catalyst for the country’s economic development, as a true partner of the Mozambican people.
As proof, Bernardo Aparicio highlighted the financing and support for the Port of Maputo: “From the dredging of the channel to the rehabilitation of the new pier, Standard Bank has supported all the investments that have allowed the increase in traffic and, more importantly, are making this project one of the largest ports in the southern African region”.
He also mentioned the partnership with Mozambican company Portos e Caminhos de Ferro de Moçambique (CFM), operator of the railway sector, to develop two essential corridors in the country, the Tete-Nacala line and the Beira-Machipanda line. Bernardo Aparício then praised the key role played by the Bank’s business incubator, which has been a lever for entrepreneurship and innovation in Mozambique.
“Through it, we have supported hundreds of startups and small companies, boosting economic growth and job creation, and promoting more than 60 training programs, which has enabled us to train nearly 5,000 people in various fields,” he said, adding that the bank is pioneering in technological innovation.
In terms of corporate social responsibility, the Bank is proud to have distributed thousands of basic documents such as ID cards, NUIT and birth certificates to the poorest communities. In this context, we are also planting more than 30,000 trees between 2019 and 2024 near schools and along main roads in the capital city, creating a healthier environment and better quality of life for future generations.
The Managing Director of Standard Bank listed a series of initiatives to mark the bank’s 130th anniversary, such as the conference held in Beira to discuss the strategic role of the Port of Beira in trade and logistics; the establishment of an Economic Journalism Award in partnership with the Maputo City Council to promote excellence in economic journalism; the construction of water sources in partnership with the National Water and Sanitation Directorate; the organization of the Corrida Azul event covering the South, Centre and North regions, and the sixth Standard Bank Acacia Jazz Festival, held in honour of the city of Maputo.
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