Barclays gets P1.35bn loan from U.S govt

Tuesday, July 26, 2016

Barclays MD, Reinette van der Merwe (right) with OPIC delegates PIC: MORERI SEJAKGOMO

The U.S government finance institution has channelled a $125 million (P1.35bn) loan into Barclays Bank of Botswana to help develop Botswana’s diamond industry.

The guaranteed agreement is part of a $250 million (P2.7bn) Overseas Private Investment Corporation (OPIC) loan guarantee programme to Lazare Kaplan International (LKI) through its subsidiary Botswana Finance LLC, with Barclays Bank of Botswana being the first lender in the programme.

Speaking at the signing, Barclays Bank of Botswana managing director, Reinette van der Merwe said the partnership recognises OPIC and the bank’s commitment to sustain the diamond industry.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Advancing social justice and decent work in Africa: A blueprint for change

FANFAN RWANYINDO KAYIRANGWA* | 2d ago

Staying safe amidst the electoral frenzy as journalists brace for October election

Thomas Nkhoma | 2d ago

Cultures Spears makes waves in the SA market

Lesedi Mkhutshwa | 2d ago

Sephobe for Miss Royal International Florida

Nnasaretha Kgamanyane | 2d ago

Threads of broken bonds

Henny Maruapula | 2d ago

Teen carves promising artistic path

Nnasaretha Kgamanyane | 2d ago

Mapantsola invade Ramokgonami

Nnasaretha Kgamanyane | 2d ago

Koolkat Motyiko's single unravels rich tribal music tapestry

Goitsemodimo Kaelo | 23 h ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Barclays gets P1.35bn loan from U.S govt

The U.S government finance institution has channelled a $125 million (P1.35bn) loan into Barclays Bank of Botswana to help develop Botswana’s diamond industry.

Advancing social justice and decent work in Africa: A blueprint for change

Staying safe amidst the electoral frenzy as journalists brace for October election

Cultures Spears makes waves in the SA market

Sephobe for Miss Royal International Florida

Threads of broken bonds

Teen carves promising artistic path

Mapantsola invade Ramokgonami

Koolkat Motyiko's single unravels rich tribal music tapestry

Stakeholders must step up veggie supply