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BDC scores P736m loan for climate funding

Friday, September 08, 2023 | 280 Views |

Diamonds in the sky: The state investment agency will target climate related projects

State investment agency, the Botswana Development Corporation (BDC) has secured a P736 million line of credit from German financier, Commerzbank AG, targeted at climate-related projects, BusinessWeek has learnt.

The loan will help the BDC support local investment in green technologies and industries as well as other funding needs in key sectors of the economy.

BDC officials said the funding would enhance the organisation’s ability to stimulate local spending and improve access to credit for many enterprises in Botswana.

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BDC scores P736m loan for climate funding

State investment agency, the Botswana Development Corporation (BDC) has secured a P736 million line of credit from German financier, Commerzbank AG, targeted at climate-related projects, BusinessWeek has learnt.