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BNP Paribas has opened a representative office in South Africa. The office will be responsible for the bank’s relationships with financial institutions, local authorities and large companies in the southern African region.

South Africa acts as a platform for the region and BNP Paribas has decided that Johannesburg will be the appropriate focal point to drive and cover its expanding regional business for southern Africa. This country has always been important for BNP Paribas and particularly for the energy and commodity business, where the bank is more than ever a leading financial institution worldwide.

Valrie-Noelle Kodjo-Diop has been appointed as the new regional representative of the bank.

“The change of representative creates the opportunity to outline that we want to further develop our involvement in the energy and obviously the mining industry,” says Dominique Remy, global head of BNP Paribas energy commodities export project department. “Mining is the backbone of most southern African countries and is the foreign exchange earner in most of the economies of the Southern African Development Community (SADC) region.”

“Valrie-Noelle has brought to BNP Paribas more than a decade of first class expertise in structured finance across Africa in various sectors. Coupled with BNP Paribas traditional leadership in financing the African continent in the oil and gas sector, Valrie-Noelle will contribute to broadening BNP Paribas’s comprehensive coverage of other prime economic sectors in South Africa and the region, with a specific focus on the rapidly expanding mining sector,” adds Guillaume Leenhardt, head of ECEP for Africa and Middle East.