{"id":38198,"date":"2023-11-10T18:21:44","date_gmt":"2023-11-10T18:21:44","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=38198"},"modified":"2023-11-10T16:28:13","modified_gmt":"2023-11-10T16:28:13","slug":"govt-engages-banks-to-help-citizens-enter-mining-energy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy","title":{"rendered":"Gov’t engages banks to help citizens enter mining, energy"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Minerals and Energy minister, Lefoko Moagi, says preliminary discussions have been held with banks to garner their support for Batswana who intend to tap into opportunities around renewable energy and mining.<\/b><\/p>\n

On Wednesday, the minister told state television that government\u2019s discussions with the banks were on issues such as risk, which have in the past prevented citizen entrepreneurs from accessing finance for capital-expansive sectors such as mining and energy.<\/p>\n

Moagi said while financiers have in the past demanded sovereign guarantees from companies that are engaged in any mining or energy project involving government offtake, discussions with the banks are focussed on developing partnerships where risks are shared between all.<\/p>\n

He said government was prepared to offer letters of support to banks rather than sovereign guarantees and wanted the financial institutions to adopt a partnership approach to working with Batswana in mining and energy.<\/p>\n

Moagi also urged citizen entrepreneurs to conduct their own research on the opportunities available in the minerals and energy landscape, saying there were numerous websites and platforms from which information could be gleaned.<\/p>\n

Citizen entrepreneurs have decried the barriers to entry of both mining and energy, which continue to be controlled by large, multi-national entities.<\/p>\n

Many are hoping the revised Mines and Minerals Act, which is due before Parliament, will boost their participation in the sectors.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Minerals and Energy minister, Lefoko Moagi, says preliminary discussions have been held with banks to garner their support for Batswana who intend to tap into opportunities around renewable energy and mining. On Wednesday, the minister told state television that government\u2019s discussions with the banks were on issues such as risk, which have […]<\/p>\n","protected":false},"author":84,"featured_media":38197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,237,234],"class_list":["post-38198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nGov't engages banks to help citizens enter mining, energy - Botswana<\/title>\n<meta name=\"description\" content=\"Minerals and Energy minister, Lefoko Moagi, says preliminary discussions have been held with banks to garner their su ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov't engages banks to help citizens enter mining, energy\" \/>\n<meta property=\"og:description\" content=\"Minerals and Energy minister, Lefoko Moagi, says preliminary discussions have been held with banks to garner their su ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T18:21:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/11\/sm_1699620279.750754.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gov’t engages banks to help citizens enter mining, energy\",\"datePublished\":\"2023-11-10T18:21:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy\"},\"wordCount\":242,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/11\/sm_1699620279.750754.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-engages-banks-to-help-citizens-enter-mining-energy\",\"name\":\"Gov't engages banks to help citizens enter mining, energy - 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