NBA Africa, Stanbic Bank inks basketball deal

NBA Africa, Stanbic Bank inks basketball deal
Stanbic Bank South Sudan Head – Andrew Murugu and George Land, the head of Business Strategy and Operations of NBA Africa, during the signing ceremony in Juba [Photo: Alex Bullen]

Stanbic Bank South Sudan, NBA Africa, in partnership with the Luol Deng Foundation (LDF), has signed a three-year memorandum of understanding to promote junior league basketball in the country.

According to the deal, Stanbic Bank South Sudan, the National Basketball Association of Africa, and the Luol Deng Foundation have agreed to construct basketball courts around the nation, beginning in Juba.

The contract, according to Rebecca Nyanydeng, vice president for the Gender and Youth Cluster, is essential for the young South Sudanese who will be the nation’s future leaders. She made this statement during the signing ceremony.

“I appreciate the leadership of the NBA Africa, Stanbic Bank and Luol Deng Foundation for initiating the first ever junior basketball league in the country, and such initiatives would continue to attract more basketball players,” Gander and the Youth Cluster vice president stated.

The transaction is for three years and is worth around $100 million, according to Andrew Murugu, country head of Stanbic Bank of South Sudan, who was present at the occasion.

He said that as part of the agreement, the basketball court will be built in Juba and will eventually be expanded to include all 50 states.

“This partnership will see the league harness the skills of South Sudanese boys and girls under the age of 16 years old and is designed by the NBA to engage the youth in basketball,” Murugu said.

The South Sudan Basketball Federation’s founder, Luol Deng, commended Stanbic Bank and the NBA Africa for working with him to promote basketball in the nation. Luol Deng is also the creator of the Luol Deng Foundation.

“Being a part of this cooperation makes me feel like it is incredibly important for our nation. I think that kind of backing will help our basketball develop,” he said

The other businesses in the nation were urged to join them in promoting sports in their respective regions.

Vice President Nyanydeng and key government officials observed the agreement’s signing at the Radisson Blue Hotel in Juba.

South Sudanese children under the age of sixteen will play in a league called the Stanbic Junior NBA League.