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StanChart injects P500 000 into YAB

patriot by patriot
February 8, 2021
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StanChart injects P500 000 into YAB
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Standard Chartered Bank of Botswana has sponsored Young Africa Botswana (YAB) with the tune of P 500 000 through its new Corporate Social Responsibility (CSR) initiative Futuremakers.

The Futuremakers is the bank’s global initiative designed to tackle inequality and promote greater economic inclusion for young people in the local communities.

Standard Chartered Bank Botswana CEO, Mpho Masupe, said the launch of the project and donation to YAB was in line with the bank’s longevity, outstanding history and striking partnerships.

Masupe said his bank has been in Botswana for about 122 years that has been characterised by empowering local communities; hence the decision to launch Futuremakers.

“The bank is proud of its longevity for bringing in sustainable development of the country. Our commitment is to forge partnerships that exist for a long period of time and most importantly promoting entrepreneurship. It also focuses on reaching tangible sustainable results, “he said.

He said the high unemployment level that mostly affects the youth cannot be overemphasized, adding that the programme is meant to help combat the rising scourge.

Masupe said the bank has chosen YAB as the first beneficiary, saying they are committed to citizen entrepreneurship development with YAB being a good epitome of the plan.

 He indicated that Young Africa Botswana is one of the most promising enterprises seeking to turn business ideas of young people into a reality, thus pledging more support for the centre.

 “We will support YAB to grow more to produce more Futuremakers. It is also exciting to have them as the first beneficiaries of the Futuremakers. Botswana is one of the first markets to launch the initiative in Africa,” said the delighted Masupe.

 Tapiwa Chilume, Young Africa Botswana Chairperson (YAB), showered the bank with praises for noticing the organisation’s potential and efforts of empowering young talented entrepreneurs.

He said YAB is keen on training youth on ICT, agriculture, tourism and hospitality sectors; welcoming

Standard Chartered Bank’s financial assistance as it will help YAB to scale up facilitation of projects as well as expanding footprint.

“We have entered into another partnership with Ministry of Youth and we are so grateful for Standard Chartered to also come on board in a crucial time whereby we need more support,” said Chilume.

Futuremakers supports underprivileged young people from low-income households, particularly girls and people with visual impairment by fully partaking in programmes focused on education, employability and entrepreneurship.

 The initiative’s goal is to raise USD 50 million (through fundraising and Bank-matching) between years 2019 and 2023 to empower the next generation to learn, earn and grow.

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  • Dr Sikhulile Moyo named to TIME’s annual TIME100 list of the 100 most influential people in the worldMay 23, 2022
    TIME  has  named  Dr  Sikhulile  Moyo  to  the  2022 TIME100, its annual list of the 100 most influential people in the world. Dr. Moyo is the Research Laboratory Director at the Botswana Harvard AIDS Institute Partnership (BHP), a health […]
  • VACANCIES: BR PropertiesMay 17, 2022
    INTERNSHIP OPPORTUNITY Finance and Administration Closing date: 18th May 2022.
  • BANANA CLUB HOSTS FIRST MAUN EDITIONMay 17, 2022
    The artist-led collective, Banana Emoji Productions in collaboration with the European Union Delegation in Botswana hosted the beloved BANANA CLUB dialogues in Maun on the 14th of May 2022.  The multi-disciplinary creative group is committed to working with artists […]
  • Orange Botswana CEO among Africa’s most inspirational women in leadershipMay 12, 2022
    – Declares House of Rose House of Rose Professional Pte. Ltd (HORP) has announced its 2022 List of Africa’s Most Inspirational Women in Leadership. The list included over 100 inspirational leaders and was curated by House of Rose Professional […]
  • Unions ‘consider’ a Workers PartyMay 12, 2022
    Masisi snubbed trade unions on Workers Day, chose Khawa BOFEPUSU warn Masisi that Khawa could cost him elections Opposition will be top beneficiary of a Workers Party -Analyst BAKANG TIRO editors@thepatriot.co.bw Aggrieved trade union federation, Botswana Federation of Public, […]
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