Growing & Impacting More Lives at a household and National Level through Agribusiness

Oteng Mogorosi, Business Development Manager, Bank Gaborone

Communities and ministries in Botswana are committed to enhancing agricultural production and addressing barriers hindering sector growth through various programmes and initiatives in Botswana. The importance of these initiatives is to bolster food security and transform the agricultural landscape in Botswana. Under the Household Food Security component, micro- scale farmers receive full subsidies to boost crop production, catering to their household needs. Meanwhile, the National Food Security component targets individual small-scale, medium- scale, and large-scale farmers, providing seasonal loans for input purchases, bolstered by the Agricultural Credit Guarantee Scheme to mitigate risks.

As the nation grapples with the urgent need to secure its food supply, agribusiness has emerged as an engine of progress. It encompasses a holistic approach that extends beyond traditional farming practices, presenting a comprehensive solution to the challenges faced by Botswana in achieving food security.

At this critical juncture, Bank Gaborone assumes a pivotal role as a thought leader, catalyst for change, and impactful grower. Recognising the potential of agribusiness as a driver of sustainable food security, the bank has positioned itself as a strategic partner in this transformative journey.

Agricultural development was stated as a national priority in the Botswana 2024–25 budget speech. Furthermore, the government is set to bolster agricultural initiatives through programmes like Temo Letlotlo and Thuo Letlotlo, which aim to provide support to farmers across all scales, from micro to large enterprises.

These programmes will offer financial assistance and the provision of inputs, ensuring that farmers have the necessary resources to enhance productivity and contribute to the nation's food security objectives.

In alignment with this strategic focus, Bank Gaborone is actively supporting the government's interventions by providing funding to agribusiness ventures. Through these efforts, both the public and private sectors are working to address challenges and opportunities within the agricultural sector, ultimately advancing the country's socio-economic agenda.

Bank Gaborone's SME Banking, through its array of tailored financial products, offers agri-entrepreneurs the means to turn their aspirations into reality. From reduced-fee business accounts to international banking and FX services, specialised loans, and advisory services, the bank provides the necessary tools for farmers to navigate the complexities of agribusiness.

Understanding the inherent risks associated with agriculture, Bank Gaborone's support extends beyond financial assistance. The bank is taking proactive steps, like supplying working capital and financing irrigation systems, synchronising crop plans with cash flow patterns, and facilitating market linkages, to guarantee that farmers have the tools to navigate uncertainties and maintain their operations.

Bank Gaborone goes beyond financial services by providing advisory services to bridge the technology gap in agriculture. This knowledge-sharing initiative empowers farmers with best practices, innovative solutions, and informed decision-making, amplifying their yield and efficiency.

In conclusion, Bank Gaborone's thought leadership in agribusiness stands as a driving force for sustainable food security in Botswana. By championing innovative solutions, fostering strategic partnerships, and providing tailored financial products, the bank is not just a financial institution but a catalyst for positive change. As we navigate the path towards a more food-secure future, Bank Gaborone emerges as a dedicated partner, steering Botswana towards prosperity through the lens of agribusiness. Further, we are partnering with Agricultural Management Associations, cooperatives, and community farms with advisory to unlock opportunities and intent to get our farmers into a commercialised way of operating. We help by growing and impacting more lives at every level. For us at Bank Gaborone, this is Joy, and we are thrilled about what we can achieve with our SME clients in the agribusiness. Impactful, distractive, and consistent growth at a scale. Think Bank Gaborone