Gov't engages banks to help citizens enter mining, energy

Thursday, November 09, 2023 | 770 Views |

Minerals and Energy minister, Lefoko Moagi, says preliminary discussions have been held with banks to garner their support for Batswana who intend to tap into opportunities around renewable energy and mining.

On Wednesday, the minister told state television that government’s discussions with the banks were on issues such as risk, which have in the past prevented citizen entrepreneurs from accessing finance for capital-expansive sectors such as mining and energy.

Moagi said while financiers have in the past demanded sovereign guarantees from companies that are engaged in any mining or energy project involving government offtake, discussions with the banks are focussed on developing partnerships where risks are shared between all.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Selefu

joey kambai | 11 h ago

World Athletics Championships coming to Africa

Calistus Kolantsho | 14 h ago

Man fatally burns in Selebi-Phikwe house fire

Pini Bothoko | 15 h ago

Man carrying baby dies whilst crossing Taung road

Pini Bothoko | 15 h ago

Young girl perishes in Ledumadumane collision

Pini Bothoko | 15 h ago

Driver dies in Gabane head-on collision

Pini Bothoko | 15 h ago

Young woman dies in Metsimotlhabe crash

Pini Bothoko | 15 h ago

Castle Lite, Let's Pacers team up to unlock Botswana

staff writer | 16 h ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

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.

Gov't engages banks to help citizens enter mining, energy

Minerals and Energy minister, Lefoko Moagi, says preliminary discussions have been held with banks to garner their support for Batswana who intend to tap into opportunities around renewable energy and mining.

Explore

More

Selefu

World Athletics Championships coming to Africa

Man fatally burns in Selebi-Phikwe house fire

Man carrying baby dies whilst crossing Taung road

Young girl perishes in Ledumadumane collision

Driver dies in Gabane head-on collision

Young woman dies in Metsimotlhabe crash

Castle Lite, Let's Pacers team up to unlock Botswana

The Boko-led administration has to tread carefully