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COVID-19 Essentials Supplies Loan

patriot by patriot
November 21, 2020
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COVID-19 Essentials Supplies Loan
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42 companies apply

Citizen-owned companies have responded positively to Citizen Entrepreneurial Development Agency’s (CEDA) loan facility to manufacture essentials needed to combat Covid19 pandemic. CEDA Chief Executive Officer Thabo Thamane revealed that they have considered 42 loan requests totaling P39 million, with P22.7 million under appraisal.

Thamane, however, raised concern that 30% of the applications were not relevant to fighting the pandemic or even applicable under guidelines for working capital. “People are submitting business as usual applications such as opening lodges, building multi residential areas and so forth,” he said. He said the Emergency Response Fund is specifically to tide businesses over the effects of COVID19, or to provide products that will help Botswana fight this pandemic. “While we understand that all types of business success is a boon for the economy and the country, during the period of Extreme Social Distancing, CEDA operations will focus on providing relief to their funded projects as well as the COVID19 Essentials Supplies Loan,” assured the CEDA CEO. Thamane said it was very important to Botswana that the numbers under the manufacturing sector increase as a direct link to the swelling demand for Personal Protective Equipment (PPE). This, he said, will have a direct effect on the country’s ability to be self-sufficient.

The COVID-19 Essentials Supplies Loan is aimed at affording citizen-owned companies to participate in the production of essentials or products that might help in the fight against the pandemic. “The loan is aimed at ensuring heightened citizen participation and empowerment in the production and supply of items such as sanitizers, gloves, masks and other essentials identified to ensure the country’s sufficiency,” said Thamane, adding that the P30 million loan facility will be interest free up to 24 months and only citizen are eligible for the loan.

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  • We must ‘walk the talk’ July 4, 2022
    We can only save ourselves and our planet by confronting climate change BY COLLEN VIXEN KELAPILE Climate change has become the enemy of human progress and a threat to humanity’s survival. We see its devastating consequences daily. No country is […]
  • Makwinja caught in Minergy saga   June 30, 2022
    Her husband –Leonard, is a Board Member at Minergy Coal ‘She is conflicted, hence she is failing to resolve our disputes with the company’ – Farmers ‘It’s an attempt to score cheap political points’ –Makwinja Minergy Coal proposes a […]
  • CA Sales lists on the JSEJune 29, 2022
    african-markets.com The JSE, Africa’s largest stock exchange, has listed CA Sales Holdings Limited on its main board providing South African investors with exposure in the fast-moving consumer goods (FMCG) company with a footprint in several Southern African countries. CA […]
  • BBS launches insurance agencyJune 28, 2022
    BBS Limited is pleased to inform its current and potential customers as well as stakeholders that it has launched an insurance agency called BBS Insurance Agency Limited; whose purpose is to provide insurance agency services and bespoke insurance products […]
  • MANTSWE JOINS TURNSTAR BOARDJune 28, 2022
    Turnstar Holdings Ltd, is pleased to announce the appointment of Mr Solomon Seoketsi Mantswe, to the Board of Directors, with effect from 1st July 2022. He brings over 30 years’ experience in the public service. He was appointed Deputy […]
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