AfDB, Morupule B debt repayments kick-in

Finance Minister, Kenneth Matambo
Finance Minister, Kenneth Matambo

Finance Minister, Kenneth Matambo is proposing the disbursement of P340 million in principal repayments for the US$1.5 billion African Development Bank (AfDB) loan from 2009 that helped Botswana through the global recession.

The minister is also proposing P44.6 million as initial repayment of the principal for the US$136.4 million Morupule B loan received five years ago from the World Bank.

According to draft estimates of expenditure currently before legislators, the AfDB will also receive P150 million in interest repayments, while the World Bank will be paid P4.5 million as interest for its loan.

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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