The Bank that keeps Moving Forward with Basotho
In line with the national priorities outlined in the National Strategic Development Plan and the Sustainable Development Goals (SDGS) outlined by the United
Nations, Standard Lesotho Bank has committed to move forward with Basotho by supporting key national priorities in the areas of education, health and welfare, arts as well as sports and recreation. A proud corporate
citizen, the bank annually invests over M2 million directly to nation building initiatives through various sponsorships and charitable courses
that are supported at corporate level and by our own staff.
Staff driven Initiatives
We are proud of each and everyone one of our 682 staff because
they are all fully behind initiatives that build the communities they serve. It is through the influence of our staff that the bank developed the Bank@work project where staff donate their
time to make a positive contribution to society. For the second year running, staff have donated items of
stationery, uniforms and food through the ‘Back to School’ campaign. Through Bank@work, our staff have built homes for double orphans in association with
Habitat for Humanity Lesotho. They have cleaned and painted police stations and even adopted orphans with their individual contributions to pay for these
children’s tuition and food every year.
To bolster the education of our future leaders, the bank rewards students who demonstrate excellence and innovation in their studies. The bank continues to support the Ministry of Education and Training with awards for top 10 students in JC and COSC throughout the country. The bank also sponsors awards for best performers in tertiary institutions such as the National University of Lesotho, Center for Accounting Studies, Lerotholi Polytechnic and many others. Over the years, the bank has also supported the annual Science and Technology week to promote scientific innovation and learning in Lesotho. In an ongoing partnership with Nalane Incorporated, the bank is involved in an after school project that offers remedial tuition and feeding for disadvantaged primary school students valued at M100,000 per annum.
IHealth & Welfare
The bank supports a number of health and welfare initiatives geared towards helping the needy, especially disabled and vulnerable children. It also contributes significantly towards health and wellness within communities. A number of orphanages including Beautiful Gate, Phelisanong, and SOS receive various donations from Standard Lesotho Bank each year. In December 2015, the bank started a new partnership with Lesotho Medical Students Association, where we supported Lesotho’s future doctors as they provided free basic health services for our communities in Thaba Tseka and Maseru.
At Standard Lesotho Bank, we believe in homegrown solutions to build the economy of Lesotho. That is why as a bank we generously support national efforts to nurture and grow the wool and mohair industry. We have a long term commitment to wool and mohair farmers where we support the annual wool and mohair district shows to encourage Basotho farmers to improve the quality of their animals. Last year, the bank partnered with BEDCO and LRA to establish Bacha Entrepreneurship Project, where unemployed graduates were given an opportunity to start their own businesses with a combined start-up capital of M500,000.
Standard Lesotho Bank also supports arts, sports and recreation as the main sponsors of many activities that bring joy to our people. Such include the annual Lesotho Tourism Festival (LETOFE), the African Melody Festival and the Independence Cup to name a few.
Deeply rooted in the mountains and valleys of the Kingdom, Standard Lesotho Bank lives up to its commitment to remain a proudly Basotho bank. We are the bank that understands development and economic growth in the language and context of Basotho as a nation. We love what the nation loves and live how Basotho live because this is how to move this country forward.