Stanchart funds Sightholder

Standard Chartered Bank has announced its funding of the construction of the sightholder H&A Cutting Works' Diamond Cutting facility.

H&A Cutting Works is a member of the Exelco Group and is one of the 16 sightholders appointed by DTC to purchase rough diamond for cutting and polishing in Gaborone.
The building is modelled round the traditional Tswana homestead, and is octagonal in shape. It has been designed as a  showcase for diamond cutting,  reflecting the 8 steps involved in the diamond cutting and polishing process.

 Head of Origination and Client Coverage, and co-Head of Wholesale Bank, Seseti Mogami said: "As the oldest and one of the leading banks in Botswana, it is only natural that Standard Chartered Bank partner with the diamond industry, especially given that Botswana is the leading producer of diamonds in the world, and that diamonds contribute to a significant portion of the country's GDP. Standard Chartered Bank as an emerging markets bank is known for being the market leader in innovation in its presence countries and funding into the value chain of the diamond sector is just one avenue we are pursuing.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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