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Afreximbank proposes P20bn economic support package

Friday, November 04, 2022 | 1620 Views |

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.

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Afreximbank proposes P20bn economic support package

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.