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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.

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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.

America's 4x400m relay teams to miss World Relays in Gaborone

Court voids BPF elections over irregular electoral authority

Regional data tariffs lowered

SElefu

DCI slows down in Jan, Feb

Retrieve introduces AI-powered lost and found platform

ZCC Mogoditshane church dispute turns violent

A promising step for public schools, but...

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