Stanbic Bank eases businesses operations for Botswana

Source: Xinhua| 2020-08-19 19:17:11|Editor: huaxia

GABORONE, Aug. 19 (Xinhua) -- As the impact of COVID-19 continues to unravel the local economy, Stanbic Bank Botswana has introduced a scheme dubbed "TradeClub" to ease business operations for entrepreneurs.

Onkabetse Morapedi, head of Enterprise Banking at Stanbic Bank, said on Tuesday that the plan offers a suite of solutions to stimulate business growth within the regulatory restrictions put in place as a result of the pandemic.

"We realize the extent to which our clients' businesses and the economy have been impacted by COVID-19 and wish to assist where we can by offering meaningful solutions that will make a real impact for customers and communities," said Morapedi.

Morapedi said Stanbic Botswana is constantly looking for new ways to add value, despite the current COVID-19 pandemic looming over businesses.

In April, Stanbic Botswana launched an initiative to ease cash flow for importers by providing expert financial support.

The scheme dubbed Africa China Agent Proposition aims to assist Botswana's importers to source and validate quality goods safely and efficiently from the most competitive suppliers in China.

According to the bank, the initiative is the foundation of long-term, mutually beneficial and sustainable trade relationships, equipping local importers with the tools to do business in China. Enditem