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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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  • Skelemani mishandled Kgosi Mosadi Pan African Parliament furoreMarch 22, 2023
    Adam Phetlhe The ravaging inferno sparked by the purported resignation of Kgosi Mosadi Seboko from the Pan-African Parliament (PAP) is fuelled by the Speaker of the National Assembly, Phandu Skelemani mishandling the matter. Had he performed due diligence on […]
  • Ithuba to roll-out LottoMarch 22, 2023
    STAFF WRITERS editors@thepatriot.co.bw Ithuba Solutions Botswana is waiting with bated breath for an announcement on the issuance of a lottery license, by the Gambling Authority, following the successful conclusion of negotiations in December 2022, The Patriot on Sunday has […]
  • BDP rejects Living WageMarch 22, 2023
    BAKANG TIRO editors@thepatriot.co.bw Ruling Botswana Democratic Party (BDP) MPs on Friday defeated the motion proposed by MP for Nkange constituency Dr Never Tshabang, proposing for government to introduce a living wage, which will be adjusted according to the cost […]
  • Uganda passes a law making it a crime to identify as LGBTQMarch 22, 2023
    Report by Elias Biryabarema Reuters Uganda’s parliament passed a law on Tuesday making it a crime to identify as LGBTQ, handing authorities broad powers to target gay Ugandans who already face legal discrimination and mob violence. More than 30 […]
  • Ian Khama to receive African Icon Award  March 22, 2023
    KT Press Former Nigerian President, Dr. Goodluck Ebele Jonathan will headline other African greats who are set to be honoured at the maiden edition of The African Heritage Concert and Awards slated to hold in Kigali, Rwanda on April […]
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