Coronavirus: Botswana’s private sector implored to proactively fight COVID-19 impacts

25 Juin 2020

Gaborone, Botswana, June 25 (Infosplusgabon) - Financial services provider, Stanbic Bank Botswana has implored the local business community to aggressively innovate against the unravelling impacts of COVID-19 pandemic.

Addressing the entrepreneurs on Thursday, the Bank's Head of Personal and Business Banking, Chiko Manokore challenged the businesses to be more vigilant.

“Though it is difficult to accurately predict the extent of the damage that the pandemic has caused, businesses still need to quickly identify new challenges associated with keeping operations running and come up with effective solutions,” said Manokore.

Manokore said the bank is committed to engage key industry leaders to unlock further possibilities and offer the nation ways to adapt and withstand the economic consequences of COVID-19.

He said the bank believes the fight against COVID-19 cannot be left only to government but is a joint responsibility, stating that corporate, 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 among us,” Manokore said.

Meanwhile the bank has collaborated with the Bankers Association of Botswana to brainstorm towards offering objective value-added solutions that will not only assist customers but strengthen the economy too.

Manokore said the bank’s commitment is also displayed through the launch of Africa China Agent Proposition (ACAP), which aims to assist Botswana’s importers source and validate quality goods, safely and efficiently, from 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,” said Manokore.

FIN/ INFOSPLUSGABON/OLK/GABON2020

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