GABORONE, Botswana, August 2019 – Standard Chartered Bank Botswana launched its flagship Corporate Social Responsibility Initiative – Futuremakers – by unveiling a partnership with local entity, Young Africa Botswana (YAB). As part of the launch, the Bank handed over a donation of USD 50,000 (approximately BWP 500,000) to Young Africa Botswana to run the tailor designed Futuremakers programme.
Futuremakers by Standard Chartered, is the Bank’s global initiative to tackle the issue of inequality and seeks to promote greater economic inclusion for young people in communities across the globe. Futuremakers supports disadvantaged young people from low-income households, particularly girls and people with visual impairments, to take part in programmes focused on education, employability and entrepreneurship. The initiative’s goal is to raise USD 50 million (through fundraising and Bank-matching) between 2019 and 2023 to empower the next generation to learn, earn and grow.
The Bank identified YAB as a partner on the inaugural programme in Botswana. YAB was established in 2016 with the vision of training the youth to create jobs for themselves in Africa’s most promising industries – tourism, hospitality, ICT and agriculture. YAB seeks to create a platform to develop youth talents and innovation skills, inspiring their interest whilst simultaneously imparting soft and entrepreneurial skills.
Speaking on the partnership, Chairperson of the YAB Board, Mr Topiwa Chilume remarked; “YAB has been chosen to champion such a pivotal project as the Futuremakers empowered by Standard Chartered Bank. It is no secret that youth unemployment is the number one challenge in our country. When such an established corporate as Standard Chartered Bank invests in the training of the youth to become employable, this grows beyond the usual of the most successful ones giving back to the country”
In his address, Standard Chartered Botswana CEO, Mr. Mpho Masupe shared that Futuremakers was focused on sustainable outcomes; ”As a Bank we have proudly declared that we are Here for good – and that has not changed. However, in 2018, we challenged ourselves to say that doing good enough was not going to change the world. Futuremakers has been developed with exactly this philosophy at its core – doing and investing where we can and will see tangible sustainable results in the lives of our youth. Futuremakers is therefore a journey not a moment or collection of moments.”
The Young Africa Botswana Futuremakers programme has already begun to recruit youth who have shown an interest in the programme to be matched to one of three development streams; On the job training, the Aspiring Entrepreneurs programme and the Masterclasses. Standard Chartered Botswana will lend additional support through the Bank’s established Employee Volunteering programme.