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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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