Stanbic Bank empowers entrepreneurs

Stanbic officials and the six beneficiaries
Stanbic officials and the six beneficiaries

Stanbic Bank Botswana has shared resources with six local entrepreneurs to help them grow their businesses. The initiative comes as part of the Bank’s effort to empower Botswana’s Small to Medium Enterprises (SMEs).

Six lucky business owners were awarded state of the art laptops as part of the project.  The winners were part of a pool that qualified for a competition draw conducted on the  Stanbic Bank sponsored radio show, Better Business; More Lebotha (BBML) on Yarona FM. BBML is a financial literacy segment that aired weekly for eight (8) months, educating small business owners and aspirants on various financial aspects of a business. Hosted by Tshepang Motsisi, the show targeted youthful entrepreneurs, with the view to better inform, educate and support SMEs in Botswana.

“Deciding to start a business takes guts, and I applaud our winners for taking that leap. Botswana imports products and services worth billions of Pulas, local businesses should see this as an opportunity to grow and play a role in growing Botswana’s economy,” advised Onkabetse Morapedi, Head of SME Banking at Stanbic Bank.The big laptop prize giveaway took place live on air on the show’s season finale. SMEs often struggle to advance because of limited resources, one of which is access to technology for ease of business processes. The concept for the giveaway was conceived with the hope that the laptops will aid in advancing the winners’ business. Technology resources are vital for businesses to grow in the current fast paced business environment. Some of the key needs are for keeping company records, internet banking, research and general   business communication. The winners, Pato Kelesitse, Kutlwano Phillimon, Kabelo Ramusu, Jilian Bradley, Donald Barwabatsile and Boikobo Segokgo received their brand new laptops at the Stanbic Bank head office. “BBML gave me an in-depth and localised understanding of how to better manage finances, both personal and business, and I am very grateful to have won this laptop-a necessary   resource in this age because a lot of things are technology based like internet banking and emails,” said an elated Kutlwano Phillimon.“These laptops are but a small gesture that is part of a greater need for the growth and     development of Botswana’s SMEs. As a key engine of growth in our economy, their success is vital to the growth and diversification of the national economy, and we look forward to further initiatives to move young entrepreneurs, and indeed Batswana as a whole, forward,” said Duduetsang Chappelle-Molloy, Head of Marketing at Stanbic Bank Botswana.

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