BDC, AfDB sign P900m credit line

The AfDB loan, which required a sovereign guarantee from government, was once stalled, awaiting the green light from lawmakers who required more details on the investments that BDC was undertaking.

According to the Corporation’s acting managing director, Moatlhodi Lekaukau, the injection will support the BDC’s long term strategy to scale up its investments in key sectors including manufacturing, transport and service sectors with the objective to support transformation and industrialisation of the economy.