Local firms scramble for govt's P1bn loan guarantee scheme

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FNBB is one of several participating local banks in the initiative, under which government will guarantee 80% of the loan amounts disbursed to qualifying firms. Run by government’s credit insurance agency, Botswana Export Credit Insurance, the scheme offers loans of up to P25 million and government guarantees of up to 24 months in tenure. Applications will be closed on the November 30, 2020. This week, FNBB CEO Steven Bogatsu, said the bank was assessing the applications, which come from a cross section of businesses in the country.

“The bank is assisting all eligible businesses and receiving applications from various sectors including business services, construction, electricity, finance, manufacturing, mining, real estate, trade, travel and tourism as well as water sectors,” he said.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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