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Afreximbank still open to Botswana loan deal

Friday, June 21, 2024 | 460 Views |

Art of the deal: Kale speaking on the sidelines of the Afreximbank annual meeting last week

Afreximbank, the continent’s primary trade finance institution, is open to extending credit to Botswana, despite the failure of negotiations for a $1.5 billion funding package in 2022, BusinessWeek has learnt.

A high powered team from the Cairo-headquartered bank spent days in the country two years ago hammering out the details of the proposed funding, which was intended to be spread out over three years.

However, no firm ground could be found, with reports that Finance Ministry technocrats were unimpressed with the loan’s terms. The offer would have been the first time the pan-African trade bank partnered directly with government, as its previous deals in the country have been limited to private sector support.

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Afreximbank still open to Botswana loan deal

Afreximbank, the continent’s primary trade finance institution, is open to extending credit to Botswana, despite the failure of negotiations for a $1.5 billion funding package in 2022, BusinessWeek has learnt.

BCP eyes student vote revival

UB politics shapes future leaders

DIS officers seek tribunal authority over Magosi

DIS officers reject Magosi’s defence over P7.4m payout

DIS in P 1.5m employees money theft accusation

Botswana bets on gas mining boost for flagging economy

Mupane creditors grow uneasy as appeal drags on

UDC NEC to reconvene post leadership changes

Botswana must not be a flag of convenience for rogues