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A sign of things to come

29th October 2020
Kefilwe Ruwona

BancABC took the time to understand our business. They recognised the potential in us.

 “Our story as business owners begins when we founded SignXpert together in 2013,’ begins Kefilwe Ruwona. I wasn’t always an entrepreneur.

In the years before we formed the business I would help my husband with his signage operation on a part-time basis. I loved to keep myself busy on evenings, weekends and holiday with mostly administrative tasks he didn’t have time for. That’s my strength.”

She continues: “He was working very hard and I could see there was potential in this industry. After a couple of years, I made the big decision to resign from my job, and join him full time to help grow the company. In the beginning, we were very small: a tiny premises with three staff members. But we had everything we needed to make this company a real success, a strong work ethic, good understanding of the industry and   a handful of happy customers who were giving us repeat business.”

“However, there was one key ingredient we were missing. The only way to unlock the next level of growth was to upgrade our machinery. We needed top-of-the-line new printers so that we could expand and diversify. But we didn’t have that kind of money, and that’s when we started having a meaningful dialogue with BancABC. They took the time to understand our business and seeing the potential in us, offered us a loan to acquire the machinery we needed to grow — and grow we did,” she smiles.

“The new machines enabled us do a lot of new things that stimulated the business. I estimate that we grew tenfold in a short space of time,’ explains Jackson Ruwona — who currently divides his duties between being the co-owner and front-line operations manager of the business.

‘We have been able to transition into a full-service signage and branding business. Very few citizen-owned SMEs in this industry are able to make that leap,’ he adds, it is the financial backing we have received from BancABC has given us the confidence to scale up. We have qualified for additional funding over time because we always honor our loan agreements. Never missed a payment!”

Ruwona reflects on the COVID-19 shutdowns and the impact they have had on the family business. “During the Lockdowns, our factory was running at full capacity because many of our clients needed us as they responded to the pandemic. We were printing labels for hand sanitizer bottles and new signs for all kinds of workplaces.

We also make branded buffs which are a great alternative to face-masks. We have stayed relevant to the changing needs of our customers. Our marriage gives the business its stability and foundation as we are united in our vision for what this can one day become, we share the workload, the ideas, the setbacks, and the credit — everything is equal.”

Business Banking, BancABC.

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Corporate

BTC’s first ever virtual AGM testament to the Telco’s Dynamic Capabilities

27th October 2020
BTC MD: ANTHONY MASUNGA

GABORONE-BTC’s dynamic infrastructure was recently put to the test when the Company held its first ever virtual Annual General Meeting (AGM) drawing participation from its broad base of shareholders from across the vast geographical reach and directors from outside the country.

The telco-giant leveraged its vast reliable network to seamlessly deliver its first ever virtual AGM ensuring that the two-hour long meeting was without glitches and delivering a superior experience.

“We successfully held out first ever virtual AGM this year. Given the restrictions on gatherings and travel due to the COVID-19 pandemic, as implemented by the Government of Botswana which restrictions are anticipated to prevail in the immediate future and during the rest of the year 2020, this year’s AGM was held virtually through electronic communication where all shareholders participating in the meeting were able to simultaneously hear each other throughout the meeting. It was critical for us to protect lives whilst still providing vital feedback and updates to our valued shareholders,” says Anthony Masunga, the BTC Managing Director.

Celebrating 40 years of progress this year, BTC has the largest shareholder base in the country following its listing in the Botswana Stock Exchange in 2016, which was a watershed moment in economic inclusion.

Independent experts have commended BTC’s infrastructure and its international strategic partnerships as a national strategic asset which can be the base point of national digitilisation. The Corporation recently joined the Microsoft Partner Network as a registered value-added reseller, launching a wide range of services that enable customers to unlock immense value whilst driving the National economy. To showcase this capability, BTC hosted a virtual AGM and successfully demonstrated its capability to deliver a seamless digital event.

BTC now sells and supports some household brand name solutions such as Microsoft Office 365, including Microsoft Teams utilised by businesses across the economic spectrum. Also, by leveraging the Microsoft public cloud platform, Microsoft Azure, BTC is able to bring hyperscale cloud computing power to Botswana. The home-bred Telco continues to innovate and reaffirm its position as a pioneer in the local technology space.

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Corporate

Stanbic Bank Botswana and Statistics Botswana Partner For Change

15th October 2020

GABORONE – In their continued efforts to further drive the Youth Employability and Entrepreneurship agenda, Stanbic Bank Botswana AcceleR8 and Statistics Botswana have today, signed a Memorandum of Understanding (MoU).

The partnership is in line with the Bank’s strategic outlook to provide support and thought leadership that contributes towards increased usage of statistics for planning and decision making. Furthermore, it will allow both entities to enhance the effectiveness of their National development efforts in areas of common interest, particularly with regard to changing the Youth Employment and Entrepreneurship narrative.

Speaking at the event, which was held at the Bank’s Acceler8, Stanbic Bank Botswana’s Chief Executive, Mr. Samuel Minta said, “We are excited to partner with Statistics Botswana on this new and exciting initiative. As a Bank, we firmly believe in the formation of Private Public Partnerships as a means to drive Botswana’s socio-economic growth. This is how we are able to create sustainable solutions that have a real impact in our communities, turning dreams into reality and creating legacies. The Bank has the strategic platform to provide support and thought leadership expertise to contribute towards increased usage of statistics for planning and decision making. Furthermore, through the AcceleR8, we are able to foster an environment which provides solutions in terms of employability and entrepreneurship”.

For his part, the Statistician General, Dr Burton Mguni said that as part of its mandate to strengthen the engagement of the private sector in the leveraging of information technology platforms to be used to inform strategic decisions, Statistics Botswana is proud to partner with Stanbic Bank Botswana. He highlighted that with a key focus on data exchange platforms to facilitate sharing of data for purposes of generating official statistics, the partnership will go a long way in bringing this mandate to fruition.

As such, we intend to cooperate by:

 

  • Promoting knowledge and information dissemination by unpacking the; Quarterly Multi-Topic Survey (QMTS) & International Merchandise Trade Statistics (IMTS) and other related statistical information;
  • Strengthening the capacity of end users of statistics
  • Promoting and influencing employment creation through the use of statistical data such as international merchandise trade statistics; and
  • Hold at minimum quarterly or as may be opportune, thought leadership sessions through which to inform and disseminate useful information that can be used for opportunity creation including; venture creation, public policy guidance and ultimately, employment creation.He further said, “As Statistics Botswana, we recognise the important role which Stanbic Bank Botswana plays as a private financial institution duly incorporated under the laws of Botswana and committed to serving the interests of organisations and individuals. Recalling that Statistics Botswana undertakes periodic Business Surveys, private sector partnerships are highly attractive. Business surveys produce statistics which are critical for national policy formulation, planning and decision making across all sectors of the economy, there is heightened need for strategic collaborations with the business community to significantly improve the quality of the data produced through these surveys. Just to mention but a few, Statistics Botswana conducts monthly and quarterly business surveys to produce Statistics on Formal Employment, National Accounts (Gross Domestic Product), Prices (Consumer Price Index) Industrial production and ICT usage.”

    Statistics Botswana is a body corporate established by and under the Statistics Act of 2009. It is the pre-eminent National agency responsible for the development and management of official statistics; and the official source and custodian of official statistics and, the primary agency of the National Statistical System (NSS).

    “We are confident that this partnership will continue to grow from strength to strength as we partner to drive Botswana’s growth. I cannot overemphasise how excited we are for this new partnership. As a bank we are truly dedicated to improving lives and this is yet another step in the right direction,” concluded Minta.

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