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: email@example.com Web: www.bancabc.com
For more information, visit www.bancabc.co.bw
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.
On 26 – 29 May 2021, BOCRA, in collaboration with the International Telecommunication Union (ITU) and United Nations University, hosted a virtual workshop on Waste from Electrical and Electronic Equipment (WEEE).
Bringing together Statistics Botswana, Botswana Unified Revenue Service (BURS) and the Department of Waste Management and Pollution Control, the objective of the workshop was to equip Botswana with tools to record incoming electrical and electronic goods to better estimate the quantities of electronic waste that will be produced when these products reach their end-of-life cycle and become e-waste. Botswana, currently, does not have a legislation to address to the issue of e-waste.
E-waste is a health and environmental hazard as products containing toxic additives or hazardous substances are mostly dumped or incinerated rather than being collected for treatment and re-use of recoverable substances. This is especially so among most of the developing countries.
E-waste includes discarded household or business items that have electrical and electronic circuitry components with a power or battery supply such as mobile phones, computers, printers, televisions irons, refrigerators, kettles etc.
The Global E-Waste Monitor 2020 report estimates that 53.6 million metric (Mt) tonnes was generated in 2019, making e-waste the fastest growing domestic waste stream. The report also indicates that only 17.4 percent of the 2019 e-waste was collected and recycled.
The ITU estimates that e-waste quantities have been rising rapidly in the past 5 years due to several factor such as rapid growth of the digital society, higher consumer demand for digital devices, short life cycles and few options for repair.
According to the ITU, e-waste is a challenge and an opportunity. The ITU calls on member states to develop legislations and strong partnerships with industry and businesses to protect human health and the environment from the consequences of inadequate handling of our discarded devices.
Modipane based brickmaking company Katlego Bricks received a brand new stock brick machine and mentorship from leading cement producer PPC Botswana this past Wednesday.
“Community development is important because it provides the foundation a society builds off of to improve the lives of its citizens. It creates strong, diverse communities that can attract and keep talent, start and grow businesses, and overcome issues that arise. Katlego Bricks has been a loyal PPC Cement consumer in the Mmodipane area.
What is more impressive is that this brick yard is led and managed by a lady who understands the craft of brick making so much,” said PPC Botswana Head of Business Unit Tuelo Bolthole.
The arrival of the new brick-making machine is expected to increase productivity at the Modipane based Katlego Bricks which has been using 25 cement bags in a day and will be expected to use at least 40 bags in a day due to the new machine.
During the brick-making machine handover, Katlego Bricks and Modipane residents were also equipped with highly advanced brickmaking skills by PPC Botswana experts. Through this highly advanced mentorship, the trainees are also expected to start producing high-quality and competitive bricks.
“We have brought highly skilled experts that will be drilling you with the latest skills of molding bricks, these are experts that have worked on some of the best projects in Botswana. Remember PPC Botswana cement has also been used to build some of the iconic structures we have in Botswana such as the iTowers, Dikgatlhong dam, and the Obed Itani Chilume Stadium in Francistown. I am giving these examples to show that PPC Botswana does quality work and after this workshop, all the brickmakers involved will be producing high-quality work too,” Botlhole said.
Katlego bricks founder Patricia Katlego Mokgwa was in a jovial mood after receiving the brickmaking machine. She believes that the mentorship and machine will improve the business operations and will improve productivity in her business.
Botswana Communications Regulatory Authority (BOCRA) through its Corporate Social Investment initiative has donated over Five Thousand Eight Hundred (5800) washable, reversible 3-ply face masks and related COVID-19 essentials to Motswakhumo Junior Secondary School in Lentsweletau, Kopong Junior Secondary School and Letsholo Primary schools in Kopong, in the Kweneng district. The respective schools received two (2) face masks for each pupil, teacher and the rest of the staff; 25 litres of sanitiser and dispensers, all at an estimated cost of One Hundred and Eighty Nine Thousand Pula (P189,000).
Ms Tsaone Ruth Thebe, BOCRA Board Chairperson, officiated at each of the handover sessions held at the respective schools. Representing the Mmopane/Lentsweletau Constituency Office was Mr Masego Thantshane, Administration officer. Mr Puso Gaotlhobogwe, District Commissioner (Molaodi) also graced the three occasions.
BOCRA recognises its role as a corporate citizen and believes that the COVID19 pandemic calls for responsive and relevant inputs to the immediate needs of the community.
In receiving the PPEs, school authorities expressed gratitude to BOCRA, noting the dire need for PPEs in their schools. They all echoed that the gesture would go a long way in filing the gaps.
For more information, please contact:
Mr Aaron Nyelesi
Director, Broadcasting and Corporate Communications