BDC mounts second bid for P800m loan

Fairscape Precinct PIC. stefanuttistocks.com
Fairscape Precinct PIC. stefanuttistocks.com

Botswana Development Corporation (BDC) is hoping to get lucky on the second try with government to get a P800 million loan from African Development Bank (AfDB).

A previous attempt was rejected after Members of Parliament refused to approve a sovereign guarantee required for the AfDB loan as well as the bond issuance, as Parliament needed more details on the investments that BDC wants to undertake.

BDC’s Head of Corporate Affairs and Strategy, Boitshwarelo Lebang confirmed to BusinessWeek that they have made another application and the process is still ongoing.

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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