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Stanbic, Wilderness offer lifeline for SMMEs in tourism

MoU signing of Stanbic and  Wilderness.PIC.STANBIC BANK
MoU signing of Stanbic and Wilderness.PIC.STANBIC BANK

Citizen-owned Small, Medium, and Micro Enterprises (SMMEs) in the tourism industry are poised to benefit from a new financing model inked by Stanbic Bank Botswana and Okavango Wilderness Safaris (OWS).

The partnership, which was kick started when the two organisations signed a Memorandum of Understanding (MoU) recently, aims to address persistent challenges faced by local suppliers, especially around access to finance and market entry.

Officials revealed the MoU establishes a guaranteed-access financing arrangement under which Stanbic will provide commercial loans to SMMEs that have secured supply contracts with, Wilderness, which is an eco-tourism company.

Editor's Comment
Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

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