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Afreximbank proposes P20bn economic support package

High level: Masisi and Oramah at the Global Expo official opening on Wednesday PIC: BW PRESIDENCY FACEBOOK
High level: Masisi and Oramah at the Global Expo official opening on Wednesday PIC: BW PRESIDENCY FACEBOOK

The African Export-Import Bank (Afreximbank) has proposed an economic support package of $1.5 billion (P20 billion) to the Botswana government and its private sector entities, for rolling out over the next three years, BusinessWeek has learnt.

Afreximbank president and chair, Benedict Oramah made the announcement on Wednesday while sharing the stage with President Mokgweetsi Masisi during the launch of the Global Expo Botswana.

The offer marks the first time the pan-African trade bank could potentially partner directly with government, as its previous deals in the country have been limited to private sector support.

Editor's Comment
A collective responsibility to end FMD spread

As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...

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