Daily Finance News Highlights are a www.hotwireprc.com service to our top clients, with daily alerts on what is making Botswana's finance news.
Daily Finance News Highlights are a www.hotwireprc.com service to our top clients, with daily alerts on what is making Botswana's finance news. |Source: Hotwire
Finance News (Print)

Finance News 30 April 2020

Summaries of today's leading financial news

By Kefetse Denise Molopo

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Standard Chartered offers COVID 19 relief measures for clients - Standard Chartered Bank Botswana has joined a growing list of financial and banking services firms in Botswana who have devised multi-pronged initiatives to help relief customers and stakeholders of the burden of repaying scheduled loans during the Covid 19 pandemic which has severely reduced disposable income for many. (The Midweek Sun)

MPC decides on bank rate - Bank of Botswana will on the 30th April host a virtual media briefing just after the scheduled sitting of the Monetary Policy Committee (MPC). (The Midweek Sun)

Stanbic accepts Union pay cards - Stanbic Bank Botswana has now introduced the acceptance of China Union Pay branded credit and debit cards on Point of Sale and Automated Teller Machines. (The Midweek Sun)

BTO Chief encourages operators to sign up for insurance - Small Medium and Micro Enterprises (SMMEs) in the tourism sector have been advised to consider insurance coverage for their businesses after recovering from the COVID-19 impact. Botswana Tourism Organisation Chief Executive Officer, Myra Sekgororane said the outbreak of the virus has taught the industry many lessons among which should be the overarching and implementable tourism and disaster management policy. (The Midweek Sun)

Stanbic Botswana supports Botswana/China Trade - One of Botswana’s biggest bank, Stanbic Bank has put out an initiative to ease cash flow for importers who have been adversely affected by the Corona Virus which has greatly affected cross border trade. The scheme dubbed, Africa China Agent Proposition (ACAP) aims to assist the country’s importers to source and validate quality goods, safely and efficiently, from the most competitive suppliers in China. (The Midweek Sun)

BIC reserves cash to bolster clients post Covid 19 - Short term insurance company, Botswana Insurance Company (BIC) has warned that the economic impact, due to COVID-19 will be huge. “In this respect, BIC has made funds available to support specific value chains and clients,” said BIC Chief Executive Officer, Newton Jazire. (The Midweek Sun)

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