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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

    Botswana athletes to train in USA

    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    April will see 2nd Instalment of Summer Kids Marathon

    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      NDB sets aside P10 m for Horticulture

      According to NDB Relationship Manager, Kesego Mokgetse, the Impact Accelerator Subsidy (IAS) is available to Batswana above 18 years of age in order to vitalise the horticulture market for self-sufficiency.

      mm by Staff Writer
      May 23, 2022
      in News
      Reading Time: 2 mins read
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      NDB sets aside P10 m for Horticulture

      NDB Relationship Manager, Kesego Mokgetse

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      • Soil testing and availability of water will determine access to funding

      The National Development Bank (NDB) has announced a new fund of P10 million targeting horticulture farmers.

      According to NDB Relationship Manager, Kesego Mokgetse, the Impact Accelerator Subsidy (IAS) is available to Batswana above 18 years of age in order to vitalise the horticulture market for self-sufficiency. Speaking at the 2022 HATAB annual conference in Kasane last week, Mokgetse said the bank will review farms to access if they qualify for funding. The procedure involves soil testing and availability of water with a minimum of 2.5 cubic litres yield.

      She disclosed that the Industry Support Fund (ISF) is currently closed as the P100 million allocated for the agriculture sector has been exhausted. NDB was allocated P600 million for lending out into agriculture, tourism and general industry. This followed a P1.3 billion approved for disbursement into economy through development financial institutions with the key objective of stabilising businesses facing the effects of COVID-19 pandemic.

      Of the P600 million, NDB allocated P200 million to the tourism sector and P300 million to general businesses. Mokgetse disclosed that the fund has been instrumental in keeping 532 projects afloat across tourism, agriculture and other sectors. “Impact in terms of numbers and outreach has been in the agriculture space as it covered all sub-sectors,” said Mokgetse whose slides showed that 238 projects benefitted. In tourism and general business sectors, 179 and 116 projects benefited respectively from a total of P357 million.

      “The latest census records 3.3 people per household, so impact is high across the board. This is monitored closely during project visits to ensure adherence,” she said, noting that local purchases mean employees of downstream companies benefited from the fund indirectly. Mokgetse said NDB seeks to disburse the remaining funds in order to assist companies that are still feeling the COVID impact. P40 million is left under the Tourism Fund while P77 million is left under General Industry Fund.

      Tags: 2022 HATAB annual conferenceCOVID-19 pandemicImpact Accelerator Subsidy (IAS)Industry Support Fund (ISF)Kesego MokgetseNational Development Bank (NDB)

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