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Stanbic commits P350 000 for marathon

SHARE   |   Wednesday, 18 March 2015   |   By Othusitse Tlhobogang
Stanbic Bank head of CIB, Tasha Ferreira presenting the cheque to Magang Stanbic Bank head of CIB, Tasha Ferreira presenting the cheque to Magang

Stanbic Bank Botswana has this week cemented its commitment to the Diacore Gaborone Marathon with the announcement of a whopping P350 000 sponsorship deal. This is the third year that the bank has been sponsoring the Marathon which will be held this weekend (Sunday).
When presenting the sponsorship, Stanbic Bank Head of Corporate and Investment Banking Tasha Ferreira said the bank wants to show a lasting commitment to the development of local athletes and talent. Ferreira said for this cause, this year they have come up with an initiative to reward the first Batswana to cross the line in the 21 km race.
Ferreira said both male and female Motswana athletes to cross the line first in the 21 km race will be awarded P5000 each. According to Ferreira, the award is an incentive for more Batswana to take part in this marathon.  He said they will be awarded regardless of what position they finish in but as long as it is the first Motswana to cross the finishing line.
“This is a way of promoting and encouraging local athletes to strive for excellence in this marathon. It is through platforms like Diacore Gaborone Marathon that we strive to nurture and develop local sporting talent,” said Ferreira.  
He said Stanbic is privileged to be part of the ever growing marathon. Diacore Gaborone Marathon has been taking place for the past five years and has seen a tremendous growth over the years. The marathon has been attracting many international runners as well as locals. This year the marathon organisers are expecting at least 6000 athletes to take part. It is therefore Stanbic Bank Botswana’s intention to help take this marathon to heights. Ferreira said they will continue supporting the marathon to make it as competitive as other international marathons.  
Chairman of FGM Foundation Thola Magang thanked Stanbic Bank for their continued financial and human resource support over the years. FGM Foundation is the organisers of the Diacore Gaborone Marathon. Magang said as the co-founder of the marathon he introduced it to make a difference in the lives of Batswana.
He said since the marathon started they have been able to help a number of charity organisations countrywide with funds made from the marathon. Magang said the sole aim of the race is to raise money for charity and make a difference in the lives of Batswana.



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