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
Justice served, but healing must follow

His horrific actions, betraying the trust placed in him to protect children have rightly been met with the full force of the law. Whilst we commend the court’s decision, this case forces us to confront uncomfortable truths about safeguarding our children and the lifelong scars such abuse leaves.Magistrate Kefilwe Resheng’s firm sentencing sends a powerful message that those who harm children will face severe consequences. Her words rightly...

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