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Letshego, MCM seal P2.2bn deal

Letso Gaborekwe and Edwin Elias PIC: KENNEDY RAMOKONE
Letso Gaborekwe and Edwin Elias PIC: KENNEDY RAMOKONE

Letshego Botswana has signed a five-year deal with Morupule Coal Mine (MCM) under which the microlender has committed P2.2 billion in funding support for the mine’s Citizen Economic Empowerment Programme (CEEP).

Through the Memorandum of Understanding signed on Thursday, Letshego’s support will provide exclusive access to funding for MCM citizen-owned business partners.

The CEEP initiative is designed to contribute to the country’s socio-economic development and also ensure the development of robust service industries that can service mines in Botswana as well as export these services in future.

Editor's Comment
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When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...

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