Hopolang Mokhopi
STANDARD Lesotho Bank (SLB) has held its inaugural Supplier Symposium 2024, celebrating a milestone in collaboration, partnership, and sustainable growth with its suppliers.
The event was themed: “Driving sustainable and inclusive economic growth in partnership with our suppliers, clients, and stakeholders”.
The symposium, which took place this week in Maseru, aimed to foster meaningful dialogue, share insights, and encourage collaboration and strategic alignment to shape the future of their collective supply chains.
It delved into sustainable practices, innovative supply chain models, and the importance of collective growth in the industry.
In his welcome remarks, SLB chief executive, Anton Nicolaisen, said the bank was committed to innovative solutions and fostering partnerships that empower clients and communities to achieve financial success.
Mr Nicolaisen acknowledged key customers and suppliers attending the event, both in person and online, as vital partners in the bank’s mission.
“Our role goes beyond the usual transactions; we have a significant role in advancing the country’s economic growth and facilitating development,” Mr Nicolaisen said.
He highlighted the bank’s responsibility in supporting the economy through robust supply chain development.
“At SLB, we want to be a trusted partner, and one of our key goals as a corporate leader is to create strong, lasting partnerships.”
SLB’s Head of Procurement, Ntsane Lesenyeho, said the primary purpose of the symposium was to enhance communication and collaboration between the bank and its suppliers.
“The symposium provides a platform for networking, sharing best practices, and fostering innovation, ultimately improving supply chain efficiency and building stronger partnerships,” Mr Lesenyeho said.
This was the bank’s second such symposium and highlighted positive impacts observed from previous events, such as increased understanding of the bank’s operations, policies, and values among suppliers, along with improved compliance with regulatory requirements like tax and anti-money laundering laws.
Mr Lesenyeho said one of the symposium’s main objectives was to enhance collaboration.
“The event provides a platform for suppliers and procurement teams to collaborate more effectively, fostering stronger relationships and better communication,” Mr Lesenyeho said.
He also said the platform helps the bank satisfy regulatory requirements and train vendors on laws related to third-party engagements. Additionally, the symposium allowed suppliers to share advancements and industry trends, keeping the bank and its stakeholders informed and competitive.
Standard Bank’s Chief of Finance and Value Management, Mokhejane Moleli, also underscored the importance of having a purpose-driven approach to business.
“To run a sustainable business, you need a purpose that goes beyond just making a profit,” Mr Moleli said.
He said SLB aligns itself with the broader goal of driving growth within Africa, with a special commitment to Lesotho.
“Lesotho is our home, and our growth efforts are closely tied to our social responsibilities here.”
