Morupule Coal, Absa sign P500m deal for SMEs

Tuesday, November 15, 2022 | 3940 Views |

For the people: Morupule Coal Mine has signed an agreement that will avail funds for citizen enterprises that participate in its empowerment programme PIC: MORERI SEJAKGOMO

Morupule Coal Mine (MCM) and Absa Bank Botswana have signed a Memorandum of Understanding (MoU) dedicated to supporting Batswana entrepreneurs and citizen-focused SME development through a funding pledge of P500 million.

The two entities said the signing of the MoU underpins the confidence they have in the unlocked potential citizen-owned Small and Medium Enterprises (SME) possess in furthering their contribution to Botswana’s economic growth.

SMEs face challenges such as lack of access to the market, finances, and opportunities which the MoU will directly address.

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