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StanChart injects P500 000 into YAB

patriot by patriot
February 8, 2021
in Business
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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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  • Killings of journalists up 50% in 2022, half targeted off duty    January 25, 2023
    Eighty-six journalists and media workers were killed around the world in 2022 – one every four days, according to UNESCO data, highlighting the grave risks and vulnerabilities that journalists continue to face in the course of their work.   […]
  • Judge Tau; please don’t stifle public scrutiny of the Court of AppealJanuary 25, 2023
    Her utterances are misplaced and must be condemned with the contempt it deserves ADAM PHETLHE The Patriot on Sunday dated 15 January 2022 carried an article titled ‘Judge Tau defends CoA Integrity’, with sub-headings “Complains of discrediting reckless statements; […]
  • Miss Botswana 2022 is the Face of KGK DiamondsJanuary 19, 2023
    Its been an exciting first week back to her MBW duties and we kick off the year with an official announcement that Our Queen is The face of KGK Diamonds. Lesego Chombo alongside Nigel Amos was the show stopper […]
  • Executives to watch in 2023January 19, 2023
    A year is often too short to demonstrate your worth, yet that’s exactly what the newly appointed Chief Executive Officers (CEOs) have to do to show that they deserve their enviable roles. PATRIOT BUSINESS looks at CEOs who shall […]
  • BLP TEST AP/BCP UNITY TALKSJanuary 19, 2023
    BAKANG TIRO editors@thepatriot.co.bw The new entrant in the cooperation talks between Alliance for Progressives (AP) and Botswana Congress Party (BCP) – Botswana Labour Party (BLP) has thrown spanner in the works by demanding that both AP and BCP yield […]
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