MCM, FNBB ink P500m five-year deal

Monday, December 12, 2022 | 430 Views |

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.

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MCM, FNBB ink P500m five-year deal

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).

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