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
Masisi should avoid diplomatic tensions

Mokgweetsi Masisi’s recent spats regarding the supposed involvement of Eswatini and South Africa in accommodating former president Ian Khama have sparked concerns about the potential ramifications on diplomatic relations. While transparency is valued, it must be accompanied by strategic communication to mitigate unintended consequences.President Masisi’s comments during a diplomatic heads meeting have drawn attention to the delicate balance...

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