Revised Lending Guidelines Boost CEDA Loan Book

CEDA Chief Executive Officer, Thabo Thamane
CEDA Chief Executive Officer, Thabo Thamane

The recently revised Citizen Entrepreneurial Development Agency (CEDA) guidelines seem to have spurred Batswana into business as already a total of 20 projects valued at P40 million have been financed.

Data from the development financial institution shows that about P20 million was allocated to manufacturing, services at P12 million, and property sector got P8 million while agribusiness was financed for P700,000. 

The Agency recently launched a new set of revised guidelines which offer entrepreneurs an opportunity to be funded up to the tune of P50 million with no collateral. The move is part of President Mokgweetsi Masisi’s roadmap to create wealth for indigenous Batswana while building a strong middle class.

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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