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BancABC launches new mobile banking app

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Privately-owned lender BancABC has launched a new mobile banking platform coined ‘BancABC Mobi.

The service will allow BancABC customers to enjoy banking convenience on the go, by transacting on their mobile phones at the touch of a button. The BancABC Mobi comprises a first-in-market self-registration application for smartphones, and USSD dial string *117# created specifically for phones that do not have smartphone competencies.

Demonstrating on how the service works, at the launch last week, Chester Nziradzebhuka, Country Manager-Cards and eChannels said, any BancABC customer to interact on their account, at any time, can use BancABC Mobi. A simple three-step process of downloading from the app stores and registering for the app allows customers to perform various transactions.

For the USSD option, customers dial *117# to register and transact at their convenience. Some of the options offered on this service include the ability to make DSTv payments, loan application enquiries, purchases of prepaid electricity, purchases of prepaid airtime and balance enquiries among other functionalities.

It also affords users the liberty to conduct inter-account transfers between own accounts, transfers to other BancABC accounts, transfers to other banks as well. The launch of the bank’s new digital service across all the countries it operates in took place after the mobile banking solution had been piloted and tested in Zambia.

The Atlas Mara vision is to be a top tier bank in every market where they operate and a partner of choice. They are focused on embedding a culture of innovation, hence continuing to leverage technology for positive disruption. The bank’s executive management has assured its customers and employees a better and stronger business that is focused on performance and improved products and services going forward.

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ADB grants BDC P4m for capacity building

Koobonye Ramokopelwa

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BDC head of human capital, Thabile Moipolai

African Development Bank has granted Botswana Development Corporation (BDC) over P4 million for training and capacity building of its staff members, the latter’s Managing Director, Bashi Gaetsaloe has disclosed.

The grant, which is $400,000 could not have come at a better time for BDC which has just begun a foray into the African continent. According to the Head of Human Capital at the investment arm of government, Thabile Moipolai, the grant will be used in areas such as investment, legal and risk, the three divisions which are considered critical as they continue to push the five -year strategy.

BDC has been given the leeway to invest outside Botswana and already some investments are being made in West Africa. Capacitating the staff in the above areas will come in handy for the African expansion.

Moipolai was answering a question from The Midweek Sun on Friday during the company’s annual stakeholder briefing where operational and financial reports for 2017/2018 were made public. The grant will be utilised in the next two years. BDC has reiterated its plan to continue to invest initiatives which are aimed at developing and retaining staff members.

“As we continue to build a strong BDC for the future, continuous learning and development is critical for our business success and therefore remains a priority area for Human Capital,” BDC 2017 annual report reads.

BDC has also developed a future focused competency based training that will be used to make informed learning and development decisions. “The (BDC) academy will also help BDC produce future leaders that are fluid and progressive through a bespoke leadership development,” reads the report.

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KBL announces return of Kickstart program

Koobonye Ramokopelwa

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Previous kickstart beneficiaries

Kgalagadi Breweries Limited, a unit of Sechaba has announced the return of Kickstart, a youth entrepreneurial development program that was suspended three years due to lack of financial resources, Managing Director, Renaud Beauchamp has told the media.

Before the program was put on ice, it had benefited over 70 small medium enterprises with funding, mentoring and market access assistance. According to Beauchamp, the revamped Kickstart will start next year, with an annual budget of about P1, 5 million. “We plan to invest in 15 new businesses every year,” he said at a press briefing which also announced a price reduction for its alcohol brands such as St Louis, Castel Lite and Black Label.

Successful applicants will receive about P200, 000 grants to execute their business ideas. Beauchamp stated that, they have been able to reintroduce Kickstart from ‘freed capital’ as a result of the recent reduction in Alcohol Levy from 55 percent to 35 percent. The clear beer price reduction comes after the Alcohol Levy, which made beer expensive, was slashed by President Mokgweetsi Masisi regime some few months ago.

Meanwhile, Assistant Minister of Trade, Industry and Investment has announced changes in trading hours for businesses that trade with liquor.

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