Stanbic, BECI Sign MoU
Pauline Dikuelo | Tuesday August 10, 2021 06:00
The partnership will also offer credit insurance, and provide an opportunity to connect companies supporting the importation and exportation of goods and services into and out of the country. It will also provide transactional and digital banking solutions designed for SMMEs, business banking and wholesale banking clients, and the ease of doing business with China through the Africa China Banking proposition.
Speaking during the launch, Stanbic Bank Botswana head of wholesale clients segment, Sheperd Aisam pointed to the need to create innovative Public-Private Partnerships and programmes in order to diversify the economy and cement growth.
“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 national growth are therefore undeniable,” he said.
Aisam said as a bank they want to foster an environment that facilitates growth and success thus unlocking infinite possibilities for local entrepreneurs.
On his part, general manager Cowell Habana said 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 to 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 initiative that we are excited to embark on together,” he said.