MAUN - The increased mining activities in Botswana will make a great impact in the growth of the economy, says the Deputy Managing Director of Stanbic Bank, Mr Leina Gabaraane.
Mr Gabaraane said the Mmamabule Coal Project and the expansion of the Morupule Power station are some of the projects that will contribute to Botswana's economic growth.
Speaking at a breakfast meeting in Maun, Mr Gabaraane said a major activity in the mining sector such as the Diamond Trading Company would also make the economy grow.
He said Botswana's economy slowed down in the last three years due to the diversion of development expenditure to social development programmes and the high inflation rate.
The meetings objective was to provide the clients with Botswana's economic outlook.
These economic activities are the things that we need to let our clients know and as a bank we obviously need to position ourself to be able to be the first lender to our clients, he said.
As a financial institution we need to continuously inform our clients because they need to make informed decisions.
The aim was also to interact with customers to understand their expectations.
Meanwhile, Stanbic Bank donated P31 250 to Junior Achievement Botswana during the meeting.
No comments:
Post a Comment