UNDP, Local Banks Partner
Wednesday, July 21, 2021 | 360 Views |
Boitumelo Mbaakanyi
United Nations Development Programme (UNDP) has signed a Memorandum of Understanding (MoU) with six local banks to prioritize access to funding for small and medium enterprises (SME).
Through the UNDP Business Supplier Development Programme (SDP), the partnership with the six financial institutions, Stanbic Bank, ABSA Botswana, Bank Gaborone, Standard Chartered Bank, Citizen Entrepreneurial Development Agency (CEDA) and the National Development Bank (NDB), will extend beyond the provision of loans and credit.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...