BDC, AfDB Sign Line Of Credit

Monday, March 02, 2020

The Botswana Development Corporation (BDC) and African Development Bank (AfDB) have finally signed a thematic 10-year P900 million Line of Credit.

The AfDB loan, which required a sovereign guarantee from government, was once stalled, awaiting the green light from lawmakers who required more details on the investments that BDC was undertaking.

By then the state investment arm’s high profile investments were not performing well.

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BDC, AfDB Sign Line Of Credit

The Botswana Development Corporation (BDC) and African Development Bank (AfDB) have finally signed a thematic 10-year P900 million Line of Credit.