mmegi

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
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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