Latest News

Three weeks after submitting a petition to the Office of the President...
The accounting officer at the Ministry for Presidential Affairs, Gover...
Some Public Accounts Committee (PAC) members in the opposition have qu...
Police have launched a murder probe following a fight that broke out b...

FNBB Announces COVID-19 Loan Guarantee Scheme

FNBB Chief executive officer, Steven Bogatsu
The First National Bank Botswana (FNBB) has recently partnered with government on a Loan Guarantee Scheme as part of broad measures to mitigate the economic impact of the COVID-19 pandemic. 

The Government COVID-19 Loan Guarantee Scheme is worth P1 billion and will be administered by Botswana Export Credit Insurance (BECI).

Government as the guarantor, will cover up to 80% of the loan amount requested by FNBB. BECI will then regard the loan application valid until November 30, 2020.

The tenor of the guarantee will provide cover for 24 months from the date BECI approves. Under the scheme, companies are eligible to borrow up to P25 million. 

FNBB chief executive officer, Steven Bogatsu said participation in the Loan Guarantee Scheme allows the Bank to offer businesses the financial support needed to sustain themselves as they navigate the challenges and changes the world is currently undergoing.

“At FNBB, we understand that the pandemic has introduced a new set of challenges for businesses. The purpose of the guaranteed facility is to fund working capital requirements to cover operating and administrative expenses to ensure

stability of operations that were adversely affected by the COVID-19 pandemic,” Bogatsu said.

All businesses are eligible to apply with FNBB except businesses with direct government shareholding and state-aided entities such as non-governmental organisations and parastatal entities. 

“I would like to encourage eligible customers to take up this opportunity that provides financial relief to their businesses. Customers should engage their Relationship Managers or their branches for applications,” Bogatsu added. 

The businesses that wish to apply should be tax compliant, duly registered with the Companies and Intellectual Property Authority, have been in operation and bankable for at least a year prior to April 3, 2020, demonstrate how COVID-19 has disrupted their business, and provide a sustainable business model. Further the Bogatsu said FNBB continues to take appropriate measures to ensure the economic relief and alleviate some of the negative impacts of the COVID-19 pandemic to affected individuals and businesses


Banners ?>


When the outpatients heard about the P300,000 deposit for COVID-19 they fainted

Latest Frontpages

Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper
Adana Escort Adıyaman Escort Afyon Escort Ağrı Escort Aksaray Escort Amasya Escort Ankara Escort Antalya Escort Antep Escort Ardahan Escort Artvin Escort Aydın Escort Balıkesir Escort Bartın Escort Batman Escort Bayburt Escort Bilecik Escort Bingöl Escort Bitlis Escort Bolu Escort Burdur Escort Bursa Escort Çanakkale Escort Çankırı Escort Çorum Escort Denizli Escort Diyarbakır Escort Düzce Escort Edirne Escort Erzincan Escort Elazığ Escort Erzurum Escort Eskişehir Escort Giresun Escort Gümüşhane Escort Hakkari Escort Hatay Escort Iğdır Escort Isparta Escort İskenderun Escort İstanbul Escort İzmir Escort İzmit Escort Karabük Escort Karaman Escort Kars Escort Kastamonu Escort Kayseri Escort Kıbrıs Escort Kırıkkale Escort Kırklareli Escort Kırşehir Escort Kilis Escort Kocaeli Escort Konya Escort Kütahya Escort Malatya Escort Manisa Escort Maraş Escort Mardin Escort Mersin Escort Muğla Escort Muş Escort Nevşehir Escort Niğde Escort Ordu Escort Osmaniye Escort Rize Escort Sakarya Escort Samsun Escort Siirt Escort Sinop Escort Sivas Escort Şırnak Escort Tekirdağ Escort Tokat Escort Trabzon Escort Tunceli Escort Urfa Escort Uşak Escort Van Escort Yalova Escort Yozgat Escort Zonguldak Escort Alaçatı Escort Aliağa Escort Alsancak Escort Bornova Escort Buca Escort Çeşme Escort Çiğli Escort Gaziemir Escort Karşıyaka Escort fethiye escort iskenderun escort iskenderun escort iskenderun escort iskenderun escort iskenderun escort