During the opening of the event, which brought together businesspeople, clients and partners, Luís Teles argued that the oil sector, which accounts for 90 percent of exports and around 60 percent of tax revenues, according to AGT data, "is a very important source of financing for economic diversification, as it allows the State to invest these resources in transforming the economy".
"It is a sector in which it is necessary to continue investing, particularly in local content. We have seen the excellent work done by regulators, operators and associations in the sector, which actively contribute not only to attracting foreign investment to Angola, but also as an example of best international practices, serious and continued investment in employee training and also with a level of professional demand and operational performance that elevates the country", highlighted the CEO of SBA.
The event presented transactional solutions and credit and transaction products for corporate and private clients. In the case of companies, in addition to its existing products, the bank has launched new trade products, such as invoice discounting, contract financing and invoice payments, for companies providing services to the Oil & Gas sector.
"Our value proposition is based on three fundamental pillars. The first is customer focus, through a specialized and dedicated team to support the growth of our clients and their employees. The second is local content, through the development of trade products. Finally, the third pillar is the creation of specialized partnerships in legal regulation, sustainability, finance and commercial agreements", explained Fernando Chivinda, executive director of SBA's Small and Medium-sized Business Banking.
According to Fernando Chivinda, the three pillars "reflect not only SBA's strategic vision, but also its mission to make a difference in the lives of its clients. Furthermore, through our 'Pact with Impact' program, we seek to combine economic success with sustainability, helping companies to integrate responsible and sustainable practices into their operations".
The event also featured a panel discussion on 'Boosting national development by supporting local content in the Oil & Gas sector', with the presence of Bruno Filipe, General Manager Finance at Chevron, Maura Nunes, coordinator of the Local Content Unit at ANPG - National Oil, Gas and Biofuels Agency, and Noa Paulo, General Director of TECSEP.
