Stanbic Bank donates to Charity

Stanbic Bank Botswana has donated a total of P30, 000 to two non-profit organisations. The institutions are Cheshire Foundation and Sekolo sa Anne-Stine - both which provide rehabilitative services to people living with disabilities.

P20,000 was presented to the Cheshire Foundation during their annual charity walk which was held recently in Gaborone. "We are most delighted and humbled by this donation from Stanbic Bank.  These funds will be used to support the work of the Mogoditshane Rehabilitation Centre. The Centre provides professional rehabilitation services to almost 5,000 people living with disabilities through residential, daycare and outreach programmes," says Billy Masebola the Executive Director of the Cheshire Foundation. 

"We are proud of our people at the bank who have participated in the sponsored walk over the years. Stanbic Bank has been involved with the Cheshire Foundation for over 10 years. We are especially honoured by the accolade from Cheshire Foundation which saw the bank being named the 'Most Outstanding Supporter' following our long-term support of the Foundation," says the Stanbic Bank Head of Private Banking Sabrina Mahlalela. The other P10, 000 went to Sekolo sa Anne-Stine - a Centre for handicapped Children. The Centre, which is fully equipped with Stimulation, Pre-School and Rehabilitation Departments, relies heavily on donations to fulfill its daily operations.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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