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BancABC Credit Extension Campaign Press Release

Gaborone: BancABC, today announced the launch of a personal loan product focused on extending customers’ existing credit facility tenure from 72 months to 84 months. BancABC is the first commercial bank in Botswana to market such a financial product, demonstrating the Bank’s customer-centric approach and ability to provide innovative, financial solutions to its clients.

The consumer is the Bank’s largest stakeholder, and BancABC understands that by providing the extended repayment tenure, this will ensure peace of mind and much-needed financial relief for its clients during these turbulent economic times. The new product is reflective of BancABC’s customer focus and insight which enabled the Bank to adopt a targeted approach that offers value to its customers.

Head of Retail Banking, Grace Setlhare-Mankanku commented, “We acknowledge and understand that this is a difficult time for our customers whose financial means have been negatively impacted by the global pandemic. After various engagements and research, we are pleased to offer our client base the additional financial cushion to help them navigate this time of uncertainty”.

BancABC continues to pursue its vision to be the preferred banking partner in Botswana by exploring ways to reinvent financial solutions that empower our customers to fulfill their dreams at every stage of their life’s journey. The decision to come to market with the product embodies BancABC’s spirit of solidarity and deliberate efforts to ensure the people of Botswana obtain sustainable financial freedom. Additionally, the product allows customers the opportunity to pay lower installments, therefore qualifying for more credit and ensuring that they have more disposable income for their essential needs.

“The product will be available to all our trusted customers, and we believe that this offering will empower them to not only continue to realize their goals and ambitions during these unprecedented times but provide the much needed financial reprieve”, concluded Setlhare-Mankanku.

For more information, please contact:
Polelo Kilner
Country Head of Marketing and Communications
BancABC Botswana
Tel: +267 3674321
Mobile: +267 72800416
Email: pkilner@bancabc.com
Web: www.bancabc.com

 

For more information, visit www.bancabc.co.bw

About BancABC

BancABC Botswana is a part of the Atlas Mara Group. Our vision is to be the trusted local bank in Botswana, offering world-class solutions and building profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and services to benefit all stakeholders.

BancABC Botswana was listed on the Botswana Stock Exchange Limited (BSE) in December 2018. ABC Holdings Limited (www.bancabc.com), wholly-owned by Atlas Mara, operates BancABC in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe.

About Atlas Mara

Atlas Mara (www.atlasmara.com) was listed on the main market of the London Stock Exchange in December 2013. Atlas Mara’s strategy is to create Sub-Saharan Africa’s premier financial services institution through a combination of its experience, expertise and access to capital, liquidity and funding.

Its goals are to combine the best of global institutional knowledge with extensive local insights and to support economic growth and financial inclusion in the countries in which it operates.

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Orange Botswana Continues to Invest in the Youth Through Digital Schools Programme, Celebrating Thankane as 52nd School Engaged

3rd October 2022

In continued efforts to empower young students across Botswana through the Digital Schools Programme, Orange Botswana through the Orange Foundation don handed over digital equipment worth P53, 731.50 to Thankane Primary School, located in Jwaneng.

“We are excited to be in Jwaneng and to see yet another milestone for impact being delivered. This relationship began with a view towards working together – inclusively and sustainably – give children greater access to quality education. This is, after all, a key goal within our Vision 2036 and even of the UN Sustainable Development Goals. It is also core to our values and beliefs system at Orange Botswana. Our Digital Schools initiative is a true testament to the Orange Botswana Foundation’s unwavering commitment, loyalty, and support towards the youth of Botswana,” said Benson Lenong from Orange Botswana.

Donated equipment includes but is not limited to:

  • 50 tablets loaded with local syllabus content
  • 50 headsets
  • 1 Video projector
  • 1 Raspberry servers
  • 1 JBL Speaker
  • 1 Laptop
  • 1 Case (to contain the package)

The Orange Botswana Foundation, in partnership with the Government of the Republic Botswana, embarked on a quest to empower and educate the youth of the country through giving them better access to technology through Government’s Education & Training Sector Strategic Plan (ETSSP). Orange Botswana signed a Memorandum of Understanding (MoU) with the Ministry of Basic Education and Ministry of Local Government and Rural Development in 2017, to kickstart a pilot of the Digital Schools Programme in 2018. The programme has seen 16,225 students benefiting from deployed schools, with 102 teachers trained in using digital kits as a mode of teaching. Thankane Primary is the 52nd school being engaged as part of the nationwide initiative.

The Orange Digital Schools Project is all about utilisation and integration of ICTs in learning, while at the same time addressing issues of digital inclusion and digital literacy. The Programme aims to bridge the digital gap by leveraging technology to improve access to education in primary schools such as Thankane.

Thankane Primary School was established in 1989 with 324 learners enrolled from Jwaneng and surrounding communities. The school continues to perform well in the Primary School Leaving Examinations (PSLE), and consistently works to ensure children learn vital life lessons both inside and outside the classroom. As one of the highest-ranked academic schools in the South region, Thankane Primary boasts excellent academics, leadership, sports, and culture.

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BIUST confers degrees to 297 Graduands

3rd October 2022

The Botswana International University of Science and Technology (BIUST) last week held it 7th graduation since its inception with the theme ‘Building a University of industry through a well-rounded ecosystem of economic transformation and innovative entrepreneurship’. 297 students graduated from the class of 2022 compared to the 58 from their first graduation as an institution.

The Assistant Minister of Education and Skills Development, Aubrey Lesaso commended the University as the strides made in the midst of the difficult conditions imposed by the Covid-19 pandemic with potentially devastating impact on the learning of students were thrilling. “Some of the challenges experienced during this period include having to change the learning spaces the school was accustomed to, study remotely without adequate preparations and with limited resources,” said Lesaso.

He acknowledged that the Government through his Ministry is committed to ensuring that they provide quality education to the citizens of Botswana, which is in line with one of the aspirations of Vision 2036 that addresses the need for Development of Human Capital.

“I wish to call upon the BIUST leadership and all stakeholders involved, to remain dedicated to driving the BIUST mission and vision and contribute to achieving the targets outlined in the Vision 2036 National Transformation Agenda,” added Lesaso.

The Founder and Chief Executive Officer (CEO) of The Bulb World (PTY) Ltd, Ketshephaone Jacob noted that for decades entrepreneurs have been identified as the critical change agents in socio-economic development, and some countries have been a lot more intentional and successful in promoting enterprising. “It’s only in the last decade that our Government has put in concrete measures towards the citizen enterprising and this is where BIUST plays an integral role, not only in terms of provision of much needed manpower but also as a provider and stimulant of innovative solutions needed for today’s smart manufacturing,” said Jacob.

In addition to this, the University’s Vice Chancellor, Professor Otlogetswe Totolo noted that BIUST has embraced innovative entrepreneurship as part of its core mandate. “Innovation is our focus in promoting inclusive and sustainable industrialization, to not only encourage more innovations in the University, but to encourage innovations that bring sustainable development,” he added.

The University has not only embraced innovative entrepreneurship but has enshrined it as its vision which states, ‘to produce world class research and innovation in science, engineering and technology contributing to industry growth and development and advancement of a diversified knowledge-based economy.

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The Tourism Business Coaching & Mentorship Programme: Inspiring A More Resilient and Dexterous Tourism Entrepreneurs

5th September 2022

It is said that challenging times bring to life the resilience of the human spirit and some of the most important innovations. The advent of COVID-19 brought tremendous challenges to the global economy, and the tourism sector was not spared. 

It is during this period, that the Tourism Business Coaching & Mentorship Programme was born. Ms. Tshepiso Mganga upon realising the need for tourism operators to get back on track after the slump leveraged her network to assemble a team of professionals across the various disciplines that are critical for the operation of a tourism enterprise. The programme has to date mentored and coached over 70 tourism and hospitality enterprises in Botswana. The programme imparts practical skills to aspiring entrepreneurs who wish to venture into the tourism and hospitality industry, as well as tourism businesses that are already in operation including but not limited to hotels, lodges, guest houses, mobile safari operators, travel agents, tour operators, and travel photographers. In addition, the benefits to start-ups include the enhancement of awareness on issues such as product development and branding, while existing businesses can use insights to reposition their brands and offerings in the market. The programme covers topics such as understanding the tourism value chain, what is takes to operate lodge in remote area, importance of belonging to an association, moving from idea to action, defining target markets, business planning, financial planning, developing digital marketing strategy, branding tourism business, business insurance, customer service excellence, design & guest experiences, travel show readiness.

The bi-weekly sessions are delivered virtually by several experts and professionals within the tourism industry, with the hope that there will be more in-person sessions in the future. The 3-month programme concluded with educational tours to Chobe Game Lodge. The tour brought practical elements to the programme learning, specifically on running a sustainable facility in a remote area. The tour demonstrated the value of environmental sustainability, with the participants being sensitised on level of investment that goes into developing and running an ecotourism product, including encapsulating aspects of reduce, re-use, and recycle in relation to all inputs of running the business. The participants also got to appreciate the return on investment of ecotourism in terms of reduction of costs of operations, enhanced profitability, as well as conservation of the ecosystem. The tour was sponsored by Desert & Delta Safaris, who have been a valuable partner of the programme.

The Citizen Entrepreneurial Development Agency (CEDA) is another valuable partner, and this year (2022), sponsored thirteen (13) participants to be part of the programme.

The programme is sponsored by City & Safari International, a Destination Management Company (DMC) established in 2017. City & Safari International specialises in Meetings, Incentives, Conferences, and Exhibitions, as well as luxury safari planning & bookings covering Botswana and extending to Cape Town, Livingstone, Victoria, and Namibia.

The next cohort is scheduled for 13 May to 30 July 2023. Further information will be shared on Tourism Business Coaching & Mentorship Programme Facebook and Instagram pages.

Tourism Business Coaching & Mentorship Programme

#TBCMP #TourismBusinessExcellence

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