Morupule Coal, Absa sign P500m deal for SMEs

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
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.

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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