BDC mounts second bid for P800m loan

Fairscape Precinct PIC. stefanuttistocks.com
Fairscape Precinct PIC. stefanuttistocks.com

Botswana Development Corporation (BDC) is hoping to get lucky on the second try with government to get a P800 million loan from African Development Bank (AfDB).

A previous attempt was rejected after Members of Parliament refused to approve a sovereign guarantee required for the AfDB loan as well as the bond issuance, as Parliament needed more details on the investments that BDC wants to undertake.

BDC’s Head of Corporate Affairs and Strategy, Boitshwarelo Lebang confirmed to BusinessWeek that they have made another application and the process is still ongoing.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

Have a Story? Send Us a tip
arrow up