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MCM, FNBB ink P500m five-year deal

Edwin Elias PIC: MORERI SEJAKGOMO
Edwin Elias PIC: MORERI SEJAKGOMO

Morupule Coal Mine (MCM) and First National Bank of Botswana (FNBB) have signed a five-year Memorandum of Agreement under the Citizen Economic Empowerment Programme (CEEP).

Through this partnership, FNBB has committed P500 million towards the MCM programme, which will provide exclusive access to funding for MCM Citizen-Owned Business Partners.

The objectives of the agreement are to leverage the mining value chain opportunities to support local business growth, increase citizen participation, diversify the economy and create sustainable job opportunities.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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