Tuesday, February 7, 2023
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • Columns
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

    Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

    Debswana sponsors BFA’s National First Division League with P3.9m 

    Debswana sponsors BFA’s National First Division League with P3.9m 

    Ditlhokwe Tipped to Excel at Kaizer Chiefs

    Ditlhokwe Tipped to Excel at Kaizer Chiefs

    BCF Aims to Resuscitate Chess this Year

    BCF Aims to Resuscitate Chess this Year

    Tebogo’s Move to US on Hold

    “Don’t Panic,” Tebogo is advised as He Transits to Senior Level

    NSAs decry Absence of School Sports 

    NSAs decry Absence of School Sports 

    Trending Tags

    • Subscribe
    No Result
    View All Result
    • Home
    • News
    • Economy
    • Columns
    • Companies & Markets
    • In Business With
    • Lifestyle
      • Motoring
    • Sports
      Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

      Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

      Debswana sponsors BFA’s National First Division League with P3.9m 

      Debswana sponsors BFA’s National First Division League with P3.9m 

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      BCF Aims to Resuscitate Chess this Year

      BCF Aims to Resuscitate Chess this Year

      Tebogo’s Move to US on Hold

      “Don’t Panic,” Tebogo is advised as He Transits to Senior Level

      NSAs decry Absence of School Sports 

      NSAs decry Absence of School Sports 

      Trending Tags

      • Subscribe
      No Result
      View All Result
      The Business Weekly & Review
      No Result
      View All Result
      Home News

      NDB intensifies funding for horticulture sub-sector

      As part of its strategy to cement its position as the preferred agribusiness bank in Botswana, the National Development Bank (NDB) says it has identified high impact sub-sectors in the agriculture industry to focus on with the horticulture sub-sector the key niche for intensified funding.

      mm by Baboloki Meekwane
      March 9, 2022
      in News
      0
      NDB intensifies funding for horticulture sub-sector

      GABORONE, 29 May 2012, The chief executive officer of the National development Bank (NDB) Lorato Morapedi briefs the media on the organizationÕs strategic positioning and the future plan in Gaborone on May 29,2012. (Pic:Press Photo)

      0
      SHARES
      785
      VIEWS
      Share on FacebookShare on Twitter
      • Over P65m invested in horticulture in the current financial year
      • Plans underway to develop major horticulture blocks
      • NDB aims to reduce import bill of fresh produce

      “As a development institution, we are alive to the challenges that the country is facing,” the bank’s outgoing CEO, Lorato Morapedi, told journalists at a recent press briefing the NDB’s achievements over 10 years.

      “So we decided to pick on key niche sectors that we want to drive, with the horticulture sub-sector being chosen as a niche area on the realisation that Botswana relies strongly on the import of horticultural produce. We decide to challenge ourselves as an agricultural bank that this is a sector that we are going to cultivate and develop.”

      Morapedi said for this financial year alone NBD invested over P65 million funding the sector. It is working with key strategic partners like the Ministry of Agriculture, the Local Enterprise Authority (LEA), Botswana University of Agriculture and Natural Resources and horticultural associations to target emerging farmers and established commercial horticultural producers.

      “The same thing we did with promoting cereal production with your likes of Pandematenga is going to be replicated within the horticulture space,” Morapedi said. “I am quite happy to announce that we have had major meetings with the big farming blocks like the Tuli Block and Ghanzi and have been able to make inroads financing farmers doing potato production, carrot production, and beetroot and tomato production, all these being large commercial horticultural producers.

      “However, we are not only in talks with the big farmers but have also engaged upcoming small horticultural producers, mainly through their associations like the Botswana Horticultural Council, which is an overarching umbrella association for all horticultural associations across the country.”

      She added that NDB is engaging with small scale farmers because it is aware that it is not only the handful of large-scale commercial farmers who will be able to meet the production capacity that is required. She noted that emerging horticultural producers are needed to grow into full time commercial producers of horticulture. Morapedi said NDB’s latest strategic plan, the 2019-2022 Letsema Strategy, which was implemented over a three-year period, assisted the bank in zeroing in on the key performance areas. Letsema helped the bank to achieve its mandate and guide its journey in which agriculture remains a key focus.

      Morapedi stated that 60 percent of the bank’s disbursements will go to agriculture and the remaining 40 percent to support industries that grow and support the agriculture value chain. Other key areas that the bank is focusing on include fruit production, small stock farming, poultry, arable production and beef production. The CEO also announced her departure from NDB after being at the helm of the development bank for 12 years.

      Tags: Botswana University of Agriculture and Natural ResourcesLetsema StrategyLocal Enterprise Authority (LEA)Lorato MorapediNational Development Bank (NDB)

      Navigation

      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports
      • Subscribe

      Recent News

      • February 3rd Edition
      • Import Ban on Veges Could be Lifted
      • The Net Tightens Around Van Niekerk
      • Fiercely Schiaparelli: All that Glitters and Roars 
      • Bassett’s Queen is a Class Act 

      Site

      • About
      • Advertise
      • Privacy Policy
      • Cookie Policy
      • Contact
      • Subscribe
      • E-edition

      © 2021 The Business Weekly & Review. All Rights Reserved.

      No Result
      View All Result
      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports
      • Subscribe

      © 2021 The Business Weekly & Review. All Rights Reserved.

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?