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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
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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