Business

Govt, banks finalise P1bn COVID-19 scheme

Friday, September 11, 2020
Ready to rumble: Habana says talks have been finalised PIC: PHATSIMO KAPENG PAULINE DIKUELO
Ready to rumble: Habana says talks have been finalised PIC: PHATSIMO KAPENG PAULINE DIKUELO

covid19

BusinessWeek is informed the banks and Botswana Export Credit Insurance (BECI) will be signing an agreement launching the facility ‘within days’. BECI, a government-owned credit insurance firm, is tasked with administering the loan guarantee scheme.

Under the scheme, government will cover private sector loans to participating banks up to 80%, with the banks taking up the rest of the risk.

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Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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