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STANBIC, BECI SUPPORT ECONOMIC GROWTH

patriot by patriot
August 12, 2021
in Business
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STANBIC, BECI SUPPORT ECONOMIC GROWTH

Aisam

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As part of continued commitment to drive Botswana’s growth, Stanbic Bank Botswana has signed a Memorandum of Understanding with Export Credit Insurance & Guarantee Company Botswana (Pty) Ltd, trading as BECI.

 “As Stanbic, we firmly believe in forming strategic partnerships dedicated to the growth and prosperity of our clients. Our collective interest and investment in improving the lives of Batswana and driving her growth is therefore undeniable. We understand the need to create innovative Public-Private Partnerships and programmes in order to diversify our economy and cement its growth,” said Stanbic Bank Botswana Head, Wholesale Clients Segment, Sheperd Aisam,

According to Stanbic, some of the benefits of the partnership include: Joint seminars for SMMEs focusing on export development; Guarantee cover/facilities; Credit insurance/ insurance cover on bank debt; Enhanced product offering through credit insurance; Opportunity to connect companies supporting importation/exportation of goods and services into and outside Botswana; Provision of back-to-back guarantees in order to support banking facilities; Credit insurance to cover bank debt; Create access to the Accelerate for sustainable entrepreneurial development processes and as a shared working space; Provides Transactional and digital banking solutions designed for SMMEs, Business Banking and Wholesale Banking Clients; Ease of doing business with China through the Africa China Banking proposition.

BECI has sustained a pivotal role in the growth of Botswana’s economy, having supported credit transactions amounting to P12.3 billion to date, a testament to their resolve in empowering entrepreneurs. “Our primary objective as a credit insurer is to support economic growth through Trade credit insurance solutions. The immeasurable value we have provided to the economy over the past 10 years is demonstrated in a number of ways which include: the facilitation of trade; supporting the construction industry; credit protection for local enterprises; and relief through the COVID-19 Loan Guarantee Scheme Administration, to mention a few. Our joint partnership with Stanbic Bank is yet another exciting initiative that we are excited to embark on together,” stated BECI General Manager, Cowell Habana.

“We understand our responsibility to extend ourselves beyond just banking by adding value through providing exposure, information and our expertise to our clients. We do this, to foster an environment that facilitates their growth and success. This speaks further to our purpose as this partnership will enable us to sustainably support economic growth and unlock infinite possibilities for local entrepreneurs,” added Aisam.

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  • Skelemani mishandled Kgosi Mosadi Pan African Parliament furoreMarch 22, 2023
    Adam Phetlhe The ravaging inferno sparked by the purported resignation of Kgosi Mosadi Seboko from the Pan-African Parliament (PAP) is fuelled by the Speaker of the National Assembly, Phandu Skelemani mishandling the matter. Had he performed due diligence on […]
  • Ithuba to roll-out LottoMarch 22, 2023
    STAFF WRITERS editors@thepatriot.co.bw Ithuba Solutions Botswana is waiting with bated breath for an announcement on the issuance of a lottery license, by the Gambling Authority, following the successful conclusion of negotiations in December 2022, The Patriot on Sunday has […]
  • BDP rejects Living WageMarch 22, 2023
    BAKANG TIRO editors@thepatriot.co.bw Ruling Botswana Democratic Party (BDP) MPs on Friday defeated the motion proposed by MP for Nkange constituency Dr Never Tshabang, proposing for government to introduce a living wage, which will be adjusted according to the cost […]
  • Uganda passes a law making it a crime to identify as LGBTQMarch 22, 2023
    Report by Elias Biryabarema Reuters Uganda’s parliament passed a law on Tuesday making it a crime to identify as LGBTQ, handing authorities broad powers to target gay Ugandans who already face legal discrimination and mob violence. More than 30 […]
  • Ian Khama to receive African Icon Award  March 22, 2023
    KT Press Former Nigerian President, Dr. Goodluck Ebele Jonathan will headline other African greats who are set to be honoured at the maiden edition of The African Heritage Concert and Awards slated to hold in Kigali, Rwanda on April […]
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