BECI mulls selling credit information to public
Botswana Export Credit Insurance (BECI) is confident that economic growth can be achieved though investing in other countries, such as China and South Africa, says Managing Director Cowell Habana.
With a mandate to encourage production and export diversification, both in terms of commodities and markets globally, Cowell said BECI has since embarked on an outward investment initiative. BECI also provides access to export credit, through providing guarantees to commercial banks in order to encourage them to give loans to exporters and to create employment through export development.
Speaking at the Company’s 20th celebration which he described as a journey full of growth, Cowell said that since they collect credit information, they intend to start selling it to the public in the future. He said that they have recently signed a Memorandum of Understanding with Factoring Trust Fund and that they will be working with them in growing the factoring sector.
“We endeavour to continuously enrich our knowledge and skills through innovation, research and development for the benefit of the client.” Habana said. They also remain consistent in their actions and methods, by adhering to strict professional, moral ethical practices and continuously strive to exceed client expectations and deliver sterling results.
Botswana Development Corporation set up BECI in 1996 as a 100 percent subsidiary and the project objectives were to create employment through export development and to attract foreign investment. Some of BECI products are domestic credit insurance, debt collection and purchase order financing.