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
Commitment by DPP to fight corruption welcome

Whilst many citizens put trust in their leaders that they are tackling one of the worst curses that can befall a country, the public has lost trust after all the cases seemed not to go anywhere.As the saying goes, ‘corruption is a cancer that eats away at the fabric of society’; corruption affects effective governance.Corruption affects delivery of services to the public and also crumbles most systems meant to assist citizens who are very...

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