Mmegi

Beyond loans: why SMEs need bankers who believe in their business

Modisagape
Modisagape

For many entrepreneurs, a bank is often seen as a place to deposit money, apply for loans or seek an overdraft when cash flow becomes tight. However, for Botswana's growing Small and Medium Enterprises (SMEs), the relationship between business owners and banks may be far more important than many realise.

This was the key message emerging from the latest Kgwebo Connect Series, where Tebogo Modisagape of Val Interiors highlighted how strong relationships between businesses and bankers can become a catalyst for growth.

Speaking during the discussion, Bank Gaborone Relationship Manager for Commercial Clients, Grace Pule, said many SMEs miss opportunities because they do not engage their banks beyond transactional banking.

Editor's Comment
Council leadership squabbles are failing Batswana

“A genuine leader is not a searcherfor consensus but a molder of consensus.”–Martin Luther King Jr.Personality wars at Gaborone City Council (GCC), Palapye District Council and recently at Francistown City Council are holding back developments as civic leaders are increasingly consumed by internal power struggles, personality clashes and political factionalism. The latest developments at the GCC are particularly troubling. The postponement...

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