Africa Leaders Magazine

JULIET SHEIDDY AKAMBOE: Head, Mining & Metals West Africa at Standard Bank Group

In a nutshell, Ms. Akamboe is an experienced professional with a demonstrated history of working in the financial services industry. Skilled in Treasury, Financial Risk, Risk Management, Corporate Finance, and Derivatives. She is also a Certified John Maxwell Leadership Trainer and a Dream Releaser Associate Coach from the Sam Chand Leadership Institute.

She attained her first degree at the University of Ghana and proceeded to gather several academic accolades with an MSCMP from the University of Cape Town as one of them.

Speaking on Raising Capital and Financing of Mining Projects at the 12th West African Mining and Power Conference in Accra, Ms. Akamboe said unlike the other sectors of the extractive industry, a good chunk of the mining sector is owned and controlled by foreign businesses who are sustained by favorable regulations and systems of operation in the sector, rendering the mining sector almost unattractive and unable to support local content development.

“The growth of the mining sector has stalled because the sector has not provided fertile grounds for local miners to bud, and are therefore unable to undertake big-ticket projects, and this is not good for Ghana’s economy and local revenue generation”, Ms. Akamboe said.

“Looking generally at the extractive sector, oil and gas seem to have found their way around much quicker because there is a policy on a participation stake of about ten percent which has to be always local. Unfortunately for mining, apart from the Government’s stake, there is not a need, particularly for registering mining companies for a local to be involved – a situation we have had to deal with for years as a country which has required that the mining sector always plays a catch up”, she added.

“We at Stanbic Bank call Africa our home and we drive her growth – it translates into the growth of Ghana and we would have to drive Ghana’s growth. For us as a bank, leading that growth of the mining sector will facilitate the growth of other sectors like manufacturing, education, ICT, and many other areas of national development. At Standard Bank, we believe in sustainability for the economic liberation of the continent, as we demonstrate our expertise. Our purpose is to drive our natural resources. Our job is to get down to the aid of the contractors and suppliers to help them grow,” said Ms. Akamboe.

We applaud Ms. Juliet Sheiddy Akamboe – a force to reckon with in the West African Mining & Metals Industry.

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