Mmegi

Afreximbank, gov’t advance talks on $1.5bn package

Seeking partnerships: Nwugo
Seeking partnerships: Nwugo

One of Africa’s leading multilateral financiers, Afreximbank, has executed an MoU with the Finance ministry, paving way for the utilisation of a $1.5 billion support package first offered by the institution in 2022, BusinessWeek can reveal.

The Cairo-headquartered supranational, of which Botswana is a member, offered the three-year country programme in 2022, but talks eventually broke down, reportedly over terms. In 2024, the bank, with assets approaching $45 billion, said it was still open to further discussions with Botswana.

In the last fortnight, Afreximbank senior officials were in the country to progress dialogue on different forms of cooperation, BusinessWeek has established.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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