Stanbic Bank promotes youth entrepreneurship

Leina Gabaraane  Stanbic Bank Botswana Chief Executive

Leina Gabaraane Stanbic Bank Botswana Chief Executive

Stanbic Bank Botswana this week steps up it’s championing of financial literacy and entrepreneurship development amongst young Batswana. The Bank has partnered with Ngwana Enterprises to sponsor the Regional Schools Entrepreneurship Camp being held in Kasane.

The project comes on the back of a strong reputation for driving sustainable financial literacy initatives across Botswana. The partnership with Ngwana Enterprises, valued at P100,000.00, seeks to enhance the current education system by incorporating entrepreneurial training in the academic syllabi.

Stanbic Bank Botswana Chief Executive, Leina Gabaraane, said the bank has a long and committed history of working towards ensuring greater access to and understanding of financial education and the potential it has to empower sustainable financial independence in young Batswana.

“Financial literacy remains a key priority area for the Bank and our dedicated efforts towards the Vision 2016 pillars of an Educated and informed Nation,” he said.

Now in its second year, the camp brings together Top Achiever learners from primary, junior, high schools and tertiary institutions in Botswana and in the region. This includes South Africa, Lesotho, Namibia, Swaziland and Zimbabwe, and sees attendance from Top Achievers studying at Cardiff University, a testament to the recognition of leading international institutions as well as the private sector in developing entrepreneurial spirit amongst youth. The annual camp is, significantly, aligned to Global Entrepreneurship Week, strongly supported by both Stanbic Bank Botswana and Ngwana Enterprises.

Mooketsi Bennedict Tekere, Chief Executive Officer of Ngwana Enterprises, added that the sponsorship is crucial in empowering tertiary learners who have excellent business ideas and studying business and entrepreneurship courses.

“It serves as a way to inspire them on the subject of entrepreneurship, financial literacy, economics and finance, finance and capital market, entrepreneurship and student banking. We endeavour to see the camp becoming a force for entrepreneurial development at school level in Botswana.”

Ngwana Enterprises has been in operation in Botswana for the past 4 years in Botswana. The camp is held on the firm belief that entrepreneurship education empowers young people to make well-informed decisions about their future, whether they choose to become entrepreneurs or not. Participants learn real world business skills including; leadership development, financial management, and business etiquette. The camp takes place from 14th-19th July 2014.

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