To reaffirm its commitment to Social, Economic, and Environmental (SEE) strategic goals, Stanbic Bank has recently partnered with the Tokafala Enterprise Development Programme for a Citizen Economic Empowerment Programme (CEEP). This initiative aims to drive sustainable economic growth and community development, formalized through a Memorandum of Understanding signed on May 3, 2024, at the Stanbic Bank Accelerate Incubator.
The collaboration focuses on supporting youth entrepreneurs in developing and strengthening their small businesses through training, mentorship, and funding access. Over the next year, from 2024 to 2025, Stanbic Bank will contribute P1 million in grants as part of this joint effort.
At the MoU signing ceremony, Kushatha Chilisa, Stanbic Bank Botswana's Head of Citizen Economic Empowerment Programme, highlighted the banks commitment to advancing youth employability and entrepreneurship through the newly established CEEP division.
We are thrilled to partner with the Tokafala Enterprise Development Program in this pioneering funding collaboration, bringing our vision to life. By leveraging our combined expertise, resources, and networks, we aim to create substantial opportunities for youth empowerment and growth, ultimately fostering a more prosperous future for our country, Chilisa stated.
The Tokafala Enterprise Development Programme is dedicated to nurturing the growth of small and growing businesses in Botswana, helping them overcome the challenges faced by many entrepreneurs. To date, the Programme has provided advisory services and mentorship to over 215 Small and Medium Enterprises, equipping entrepreneurs with essential business, financial management, and marketing skills.
Tokafalas Programme Director, Ms. Montle Phuthego, emphasized that the partnership will ensure the continuity of their initiatives aimed at supporting underserved youth and entrepreneurs. This effort helps combat unemployment and supports the scaling of small to medium enterprises through coaching, mentoring, market access, and funding.
This partnership ensures continuity and measurable progress. Together, we can build a brighter future for Botswana, Phuthego remarked.
