NDB launches StarConnect loan

The National Development Bank (NDB) has announced the launch of the StarConnect Loan, an innovative financing solution designed to make connectivity more accessible and affordable for Batswana. A press release from NDB says the initiative follows a strategic partnership between NDB and Thor International, an authorised reseller of Starlink satellite technology. The collaboration, as per the release, is aimed at narrowing the digital divide by improving access to connectivity and digital opportunities for urban and rural communities across Botswana.

Through the StarConnect Loan, the release says the bank will provide tailored financing solutions primarily targeted at individuals within the low-to-middle income bracket, enabling them to acquire Starlink equipment and its connectivity ecosystem at affordable rates. “Equitable access to digital connectivity remains a key driver of economic growth, education, entrepreneurship and social inclusion. The StarConnect solution, as per the release, also caters to customers who might additionally require complementary solutions such as power solutions, upgrades or professional installation, further enhancing accessibility and usability.

Thor International, as the technology partner and solutions provider, the release says, will ensure availability, deployment and ongoing support to StarConnect customers across the country. “Together, NDB and Thor International aim to position themselves as key contributors to Botswana’s digital transformation agenda, supporting government efforts to enhance connectivity, particularly in remote and undeserved areas,” adds the release. The StarConnect Loan, the release says is now available at all NDB branches nationwide.

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Speaking on the launch, Product Manager at NDB, Ms Katso Keitumetse, highlighted the transformative impact of the initiative. “As a development finance institution, we are always looking at where there is a structural barrier holding people and businesses back. In this case, the barrier is not only affordability, but also accessibility.

So what StarConnect does is bring together a full connectivity ecosystem and then NDB comes in with the financing piece to make that ecosystem attainable for clients who may otherwise not have the liquidity to access it upfront. The StarConnect Loan is more than just a financing solution, it is a gateway to opportunities,” she explains. Thor International general manager, Mr Goboletswe Sepapane also emphasised the importance of the collaboration.

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