A 20-member delegation of the advisory panel to the Minister of Petroleum of South Sudan, paid a courtesy visit to EDB on 17 January 2024.
The purpose of the visit was to explore the potential of the Mauritian jurisdiction as an offshore investment destination, while also considering options for establishing banking relationships for future decommissioning obligations in oil-producing blocks as per the Exploration and Production Sharing Agreement (EPSA) in the Republic of South Sudan.
During the meeting, the CEO of EDB provided a comprehensive overview of the Mauritian economy, its well-diversified sectors, its robust banking sector, trusted and well-established IFC and elaborated on the mandate of EDB to enhance the investment and business climate. The CEO reiterated the commitment of EDB to enhance ties with South Sudan and address challenges which hinder business between these two countries.
The development of the South Sudanese Oil & Gas industry has been a key focus for the East Africa region. Standard Bank has been at the forefront of connecting stakeholders from East Africa to Mauritius, leveraging its on-the-ground presence in South Sudan, deep expertise in the Energy and Infrastructure sector and using Mauritius as Africa’s premier IFC to drive Africa’s growth.