BBS gets P250m funding from IFC

Thursday, December 14, 2017

IFC, Barclays and BSE officials at yesterday's listings of the bind PIC: KAGISO ONKATSWITSE

The International Finance Corporation (IFC), a sister organisation of the World Bank, has announced its debut Kgalagadi Bond to finance a $25 million (P250 million) investment in the Botswana Building Society (BBS).

IFC’s support to the Building Society will promote financial inclusion and access to housing finance in the country.

IFC investment in BBS comprises a senior loan equivalent to $25 million in local currency. The long-term funding will support the transformation of the Society into a full-service commercial bank financing underserved clients, including small and medium enterprises.

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BBS gets P250m funding from IFC

The International Finance Corporation (IFC), a sister organisation of the World Bank, has announced its debut Kgalagadi Bond to finance a $25 million (P250 million) investment in the Botswana Building Society (BBS).

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!