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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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