Standard Bank finances Azule Energy workers

Standard Bank finances Azule Energy workers

Standard Bank of Angola (SBA) and Azule Energy, a consortium that brings together the Angolan assets of the Italian Eni and the British BP in the Energy sector, announced that they had signed, on Monday 11th December , a protocol for the allocation of a set of benefits for the energy company’s staff, with a focus on housing credit.

The president of the Board of Directors of the SBA, Luís Teles, indicated in a note sent to our editorial team reporting on the agreement, that this adopted cooperation ranges from credit products, to tailor-made services, as well as prices and special conditions.

Luís Teles stated that he hopes that the benefits of the agreement will be reflected in the growth of direct business volume (private customers), a greater flow of external business through drag, a greater dive into the value chain and boosting the increase in revenues via the credit portfolio.

Azule Energy, is an International Energy Company based in Angola, with more than 800 employees, whose mission is to develop Angola’s energy sector and help the country in its transition to cleaner sources.

The consortium’s asset portfolio includes 20 block licenses, eight of which are jointly operated, including the Novo Consórcio de Gás, Angola’s first non-associated gas project. 

Azule also has a stake in the Angola LNG JV and Solenova, a solar JV with Sonangol, for the development of the Caraculo photovoltaic unit project.

Standard Bank of Angola is a universal financial institution that is part of the South African Standard Bank Group, with the Angolan operation consisting of 16 branches, working with private clients, small and medium-sized companies and the largest multinationals in the market in all sectors. relevant to the economy. 

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