GABORONE – On the back of a successful introductory session, Stanbic Bank Botswana’s Personal and Business Banking team hosted its second digital webinar on the 23rd of June 2020. Titled “Business Unusual,” the session aimed to carefully unpack how businesses from different sectors have been impacted by the COVID-19 pandemic while offering ways to adapt and withstand its economic consequences.
Stanbic Bank Botswana Head of Personal and Business Banking, Chiko Manokore, said, “Though it is difficult to accurately predict the extent of the damage that the pandemic has caused, businesses still need to quickly identify the new challenges associated with keeping operations running and come up with effective solutions. As Stanbic Bank Botswana, we set out to host this engagement along with key industry leaders to unlock further possibilities and offer Batswana ways to adapt and withstand the economic consequences of COVID-19.”
The webinar was a demonstration of the power of collaboration in creating infinite possibilities, with the understanding that many hearts and minds can often be more impactful than just one.
Keynote speakers on the day were seasoned Economist, Bogolo Kenewendo, and Professor Mosepele Mosepele of the Presidential COVID-19 Task Force, who diligently gave their time and expertise to the fruition of the amazing day.
Economist at Kenewendo Advisory, Bogolo Kenewendo said, “We need to prepare for a prolonged, unpredictable economic crisis. An economic recovery plan is urgently needed to reduce the long term impacts of this crisis. Focus should be on building resilient communities with ‘vulnerable to poverty’ and poor groups which constitutes about 30% of Botswana’s population.”
Stanbic Bank Botswana believes that the fight against COVID-19 cannot be left only to Government but is a joint responsibility. Corporates, small businesses and private individuals have a role to play. This is a fight that can be won as a collective to minimise the impact on the most vulnerable amongst us. The Bank has collaborated with the Bankers Association of Botswana to brainstorm on a systemic approach to support its clients and speakers during the session underscored this further.
“As Stanbic Bank Botswana, we are dedicated towards offering objective value-added solutions that will not only assist our clients but strengthen our economy going forward. There has no doubt been a shift in attitudes and behaviour towards brands, products and services during this time and as a Bank we have set out to be a true partner to our customers by providing them with preventative measures, worldwide trade options and support that will help to shield them from the economic impact of the outbreak.
We also recently launched our Africa China Agent Proposition (ACAP), which aims to assist Botswana’s importers source and validate quality goods, safely and efficiently, from the most competitive suppliers in China.
The initiative provides access to a universe of Chinese suppliers and eases the cash flow of importers through expert financial support and empowering importers with insight and control of the entire importing and logistics process. ACAP is revolutionising the way in which African businesses import from China, especially in the wake of the pandemic,” concluded Manokore.
Stanbic Bank Botswana remains committed to supporting clients and partners meaningfully and sustainably during this “business unusual” caused by the global pandemic