mmegi

Businesses use P250m of COVID-19 credit scheme

Friday, March 18, 2022 | 350 Views |

On the mend: Tourism enterprises were amongst the leading beneficiaries of the loan guarantee scheme PIC: THALEFANG CHARLES

Botswana Export Credit Insurance (BECI) has underwritten just P250 million in loans under the P1 billion credit guarantee scheme launched two years ago, as the government-backed arrangement comes to an end this month.

The scheme was launched as part of a range of government’s COVID-19 interventions aimed at helping businesses out of the pandemic.

The scheme aimed to encourage bank lending to qualifying businesses by offering a partial government guarantee of 80% to commercial banks and banks established by legislation. The banks would cover the remainder of 20% of the risk of the financial facility.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

By-elections often arrive quietly, triggered by unfortunate circumstances such as the death of the area councillor PIC: KENNEDY RAMOKONE

Moremaoto votes, parties face reality

Tsaone Basimanebotlhe | 2d ago

High Court orders ZCC Botswana to reunite

Laone Choeunyane | 2d ago

Day 3: Search for Maun missing boy continues

Staff Writer | 2d ago

Long 1,900km drive awaits netball teams

Calistus Kolantsho | 2d ago

Ngada to pip seasoned campaigners for AFCON place?

Kabelo Boranabi | 2d ago

Oneal R&B orchestra shares African story

Lucy Kgweetsi | 2d ago

Yarona FM to host Just Kidding Fam Fest

Nnasaretha Kgamanyane | 2d ago

Softball Spectacular to quench players’ thirst

Calistus Kolantsho | 2d ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Businesses use P250m of COVID-19 credit scheme

Botswana Export Credit Insurance (BECI) has underwritten just P250 million in loans under the P1 billion credit guarantee scheme launched two years ago, as the government-backed arrangement comes to an end this month.