BancABC secures Eurobank millions for local companies

Pim Van Balleckom, European Investment Bank vice President and BancABC MD, Jitto Kurian during the signing of the multi- million Pula deal in Gaborone. PIC KEBOFHE MATHE
Pim Van Balleckom, European Investment Bank vice President and BancABC MD, Jitto Kurian during the signing of the multi- million Pula deal in Gaborone. PIC KEBOFHE MATHE

BancABC has secured a 25 million Euros (P290 million) deal with the European Investment Bank (EIB) to fund local companies.

The money will be used as loans that will finance the banks’ corporate banking and SME operations.

Speaking during the signing ceremony yesterday, BancABC managing director, Jito Kurian said the loans are meant to assist businesses to expand their operations.

Editor's Comment
Mabogo dinku a thebana

According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...

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