BancABC Botswana secures P400m funding

BancABC will use the funds to support small businesses
BancABC will use the funds to support small businesses

BancABC Botswana this week secured a $40 million (about P400 million) debt facility to speed up digital finance services as well as expand funding to small businesses.

Sourced from USA’s Overseas Private Investment Corporation (OPIC), the loan was arranged by BancABC parent company, Atlas Mara.

The funding is part of the $200 million multi-country facility that OPIC approved for Atlas Mara’s banks in Botswana, Zambia and Mozambique in August 2015.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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