FNB to give Tsholofelo Park a facelift

Boitshepo Majube | Wednesday February 26, 2014 15:24

 

FNB funds its CSI projects through FNBB foundation established for the purpose of aiding educational, arts and culture and social welfare development in Botswana by identifying beneficiaries who are in need and deserving of assistance.

 To date FNB (Group) through FNBB has made grants in excess of P34 million to the foundation, and in turn, the foundation has approved donations and pledges to qualifying beneficiaries. 

Speaking on the sidelines of the bank’s half year - ended December 31 - results, the banks CEO Lorato Boakgomo-Ntakhwana told Mmegi that they would give the park a complete makeover that would transform it into a new modern park.

“We want to make the park complete by giving it a makeover,” Ntakhwana stated, further noting that CSI funds are there to take care of the CSI projects. Ntakhwana said one percent of the profits after tax for the banks full year is committed to the foundation.

Not only is the Tsholofelo Park going to benefit from the banks CSI initiative. Ntakhwana said they were also looking at other projects that needed assistance, with a view to helping.

The group recognises the importance of maintaining its social responsibility function while conducting its business, she said. 

Among the recipients of the FNBB foundation is the Rankoromane Camphill School that is run by the Camphill Community Trust. The foundation donated P100,000 to the school for the purchase of a minibus to be used for transportation of the children.

The Pudulogong Rehabilitation and Development, a non-profit making organisation that undertakes skills development and resettlement of the blind, received P110,000 from the foundation for the purchase of a utility vehicle.

The Legodimo Trust received P100,000 for the purchase of a minibus, the House of Hope Trust P100,000 for the purchase of a minibus and the Mogoditshane HIV/AIDS orphanage P207,000 for the construction of the preschool building.