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Stanbic, Wilderness offer lifeline for SMMEs in tourism

Tuesday, June 24, 2025 | 250 Views |

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.

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