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.

MmaTshiping: A giant has fallen

Tsaone Basimanebotlhe | 2d ago

Boitekanelo’s high standards saluted by SA minister

Pauline Dikuelo | 2d ago

Mogae, a true statesman - Boko

Larona Makhaiza | 2d ago

Hour of reckoning as BNSC holds Sport Awards

Mqondisi Dube | 2d ago

Botswana debunks Africa's hosting myth

Mqondisi Dube | 2d ago

Relegation battle: He who blinks first gets the chop

Boitumelo Khutsafalo | 2d ago

Football returns to National Stadium

Kabelo Boranabi | 2d ago

Relays glory meets growing complaints

Kabelo Boranabi | 2d ago

Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

The Monitor Editor | 05 May 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.