MCM AND BANK GABORONE SIGN P100M MOU

Morupule Coal Mine (MCM) and Bank Gaborone today, 22 February 2022, signed a Memorandum of Understanding (MoU) in which Bank Gaborone is committing a P100 million (hundred million Pula) financial package to the Morupule Coal Mine’s Citizen Economic Empowerment Policy programme.

The MoU means that beneficiaries of the MCM CEEP programme can access funding for their different projects through a facilitated process. The partnership between the two organisations also means that beneficiaries will receive mentoring to empower them in managing finances for their projects.

The General Manager, Mr. Edwin Elias informed the audience at the signing ceremony that MCM and Bank Gaborone will work together to not only give hope to SMMEs and the community, but to also unleash potential in a sustained and meaningful manner.

“Our partnership with Morupule Coal Mine is a deliberate commitment towards realizing the purpose of the Economic Inclusion Bill of 2021, which among other things speaks to promoting the effective participation of citizens in the economic growth and development of the economy. We are excited and proud to be a part of this initiative, and are confident that it will have a positive impact in the lives of Batswana”, said Bank Gaborone Managing Director, Sybrand Coetzee.