BBS gets P250m funding from IFC

IFC, Barclays and BSE officials at yesterday's listings of the bind PIC: KAGISO ONKATSWITSE
IFC, Barclays and BSE officials at yesterday's listings of the bind PIC: KAGISO ONKATSWITSE

The International Finance Corporation (IFC), a sister organisation of the World Bank, has announced its debut Kgalagadi Bond to finance a $25 million (P250 million) investment in the Botswana Building Society (BBS).

IFC’s support to the Building Society will promote financial inclusion and access to housing finance in the country.

IFC investment in BBS comprises a senior loan equivalent to $25 million in local currency. The long-term funding will support the transformation of the Society into a full-service commercial bank financing underserved clients, including small and medium enterprises.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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