AfDB avails P1.4bn to support Botswana

Helping hand: Part of the funds the AfDB is making available will cover a planned solar project. PIC: GLOBALENCO.COM
Helping hand: Part of the funds the AfDB is making available will cover a planned solar project. PIC: GLOBALENCO.COM

The African Development Bank (AfDB) is making available P1.4 billion to support various developmental programmes in the country within the next two years, with the funding coming through loans and technical support, BusinessWeek has learnt.

The funds, detailed in a Country Strategy Paper released this week, are expected to rise when authorities finalise the second part of an Economic Recovery Support Programme later this year. Under the first phase of the programme, government received $137 million (P1.5 billion) in September last year as post-COVID budget support.

According to the country strategy paper, the funding being made available by the AfDB is designed to support Botswana’s ambition to diversify its economy and speed up structural transformation for sustainable and inclusive growth.

Editor's Comment
Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

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