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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

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    Darts Expects Only P50K from BNSC for 2023/24

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    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

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    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Stanbic launches key cross-border trade initiatives

      mm by Staff Writer
      July 14, 2022
      in News
      Reading Time: 3 mins read
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      Stanbic launches key cross-border trade initiatives

      Chose Modise, Stanbic Chief Executive

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      Stanbic Bank Botswana today launched its much-anticipated and indeed strategic Africa-China Trade Solutions (ACTS) & TradeClub offerings.

      These have been designed to engineer even greater access and progress for those in the trade ecosystem, especially when it comes to cross-border trade within the Africa-China corridor. The bank says it remains committed to driving Botswana’s growth and empowering businesses. Calistas Chijoro, Stanbic Bank Botswana Head of Business and Commercial Clients Segment, said Stanbic Bank Botswana is constantly looking for new ways to add value for its clients.

      ACTS offers local Entrepreneurs and SMMEs a seamless connection to Africa-China Trade, helping them connect to China-based Suppliers and Manufacturers to make the import process simpler. ACTS provides Stanbic Bank Botswana’s clients who import goods and services from China to exclusive access to an accredited import partner in China. This import partner assists local importers with access, assessments, and communication with suppliers and vendors, and manages the process of importing quality goods and services efficiently and safely from China. It is, simply put, a seamless connection.  Since the process is supported by  Standard Bank Group and the Industrial and Commercial Bank of China (ICBC)’s letter of credit, African importers have sufficient time to land and sell goods before effecting payment. At the same time Chinese suppliers can remain confident of payment underwritten by an ICBC letter of credit in China.

      After initial rollout in 2020, Stanbic Bank and Citizen Entrepreneurial Development Authority (CEDA) entered into a partnership to give CEDA clients access to the ACTS solution. The partnership enables CEDA clients to source their inputs, raw materials and machinery from China with reduced risks and challenges. Stanbic Bank Botswana uses the ACTS facility to provide solutions to challenges that CEDA-funded projects encounter when importing goods and services from China. Such problems include language barriers, price negotiations, non-delivery of goods and supplies of sub-standard goods. Since inception the partnership saw the conclusion of 117 transactions valued at P240 million.

      TradeClub is a digital platform that offers clients access to other markets beyond the Africa China Trade Solutions (ACTS) facility and is a free service for all Stanbic Bank Botswana existing Current Account holders. It assists local importers with access, assessments, and communication with suppliers and vendors, and manages the process of importing quality goods and services efficiently and safely.  It further allows vetted clients to be listed as exporters and be able to connect with potential customers across more than 45 jurisdictions worldwide.

      The solution is offered free of charge (terms and conditions apply) and is a testimony of the Bank’s focus on supporting Small, Micro and Medium Enterprises (SMMEs) to enable them to grow by accessing more markets, more suppliers through the secure TradeClub channel. Crucially, the platform enables business growth within the regulatory restrictions put in place because of the pandemic. “We wholly believe that supporting small to medium enterprises through a conducive and enabling environment, together with innovative solutions and products from partners within the financial services, is to supporting exponential growth. Thus, we reaffirm our commitment towards helping Batswana build their legacies and driving Botswana’s growth, and ACTS and TradeClub are further demonstrations towards realising this goal,” Chijoro said.

      These solutions are intended to compliment Botswana’s leap into the fourth industrial revolution (4IR) by enabling rapid industrialization to establish manufacturing capacity as well as facilitating digitalisation on trade. In the spirit of It Can Be, Stanbic Bank facilitates access to markets in Africa and the rest of the world. With the advent of the Africa Continental Free Trade Agreement, intra-Africa Trade offers incredible opportunities for Small, Micro and Medium Enterprises (SMMEs) to access new markets and grow.

      Tags: Africa-China Trade Solutions (ACTS)Calistas ChijoroCitizen Entrepreneurial Development Authority (CEDA)Industrial and Commercial Bank of China (ICBC)Stanbic Bank BotswanaTradeClub offerings

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