Stanbic Bank Botswana Head, Wholesale Clients Segment, Sheperd Aisam said they firmly believe in forming strategic partnerships dedicated to the growth and prosperity of their 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.”
According to the Bank, some of the benefits of this 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,” concluded Aisam.
