BECI extends P1bn guarantee scheme deadline

Friday, June 04, 2021

Dark days: Main Mall during last yearu00e2u20acu2122s lockdown. Businesses are still struggling to recover PIC: MORERI SEJAKGOMO

Botswana Export Credit Insurance (BECI) has extended the rollout of the government’s P1 billion loan guarantee scheme to March 31, 2022, after financing more than P100 million worth of guarantees.

Last year government through BECI rolled out the scheme to the private sector as part of a range of COVID-19 interventions aimed at helping businesses.

The aim of the scheme was to encourage bank lending to qualifying businesses by offering a partial government guarantee of 80% to commercial banks and banks established by Botswana legislation. The banks shall retain the remainder of 20% of the risk of the financial facility.

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BECI extends P1bn guarantee scheme deadline

Botswana Export Credit Insurance (BECI) has extended the rollout of the government’s P1 billion loan guarantee scheme to March 31, 2022, after financing more than P100 million worth of guarantees.

Rollers, Orapa brace for two-part sequel

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