A statement from the bank read in part: “These are the sentiments reiterated by the bank at a recent engagement of Mining and Metals sector conference held last Thursday at Masa Square Hotel in Gaborone”. It further stated that the bank’s expertise, experience and insight in financial solutions for the Mining and Metals sector stem from recognising the integral role of the sector to the development of African countries and their sustainable infiltration into international markets.
The bank said that the Mining and Metals sector remains the primary source of both government income and foreign exchange for Botswana and has been the single largest contributor to Botswana’s GDP for over 47 years, since the establishment of a Public Private Partnership between the Botswana and De Beers. “Despite weaker global economic growth, we have seen a sustained level of demand for extractive minerals such as diamonds, signalling a need for continued support and financing of operations in this space. Stanbic Bank continues to lead the charge here, and has developed indepth mining sector expertise to support players within the industry. This is further supported by leveraging off the full capabilities of our parent, Standard Bank Group, who wields considerable experience in the sector across the African continent. We have extensive experience in providing innovative solutions to the industry in the form of advisory, debt, capital markets, transactional products and services, to mention a few,” said Stanbic Bank Botswana Head of Corporate and Investment Banking, Sheperd Aisam.
