the monitor

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
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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