Mmegi

Botswana secures $200m OPEC Fund loan

Friday, June 27, 2025 | 590 Views |

The OPEC Fund, a regular financier to the country’s public and private sector, has approved a $200 million (P2.7 billion) loan to government, a deal sealed during Vice President Ndaba Gaolathe’s recent engagement in Austria.

Gaolathe, who is also the Finance Minister, attended the OPEC Fund’s Development Forum earlier this month as part of his engagements with investors and funding partners.

A statement released by the OPEC Fund says the loan complements a package from the African Development Bank which approved $304 million in funding for Botswana in April.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

ECONOMY

FORMER TOWNSHIP ROLLERS PRESIDENT: Tendani Sebata.PIC.ROLLERS

After Rollers split, Sebata push ahead with Lions

Mqondisi Dube | 7 h ago

Gunners, Sithole spat resolved

Kabelo Boranabi | 7 h ago

Khama, Masisi should rise above personal differences

Mmegi Editor | 04 Jul 2025

The last laugh

Dr Fahim Chand | 04 Jul 2025

Khama blames Masisi, Magosi for causing forensic audit

Spira Tlhankane | 04 Jul 2025

Hope for ex-mine workers to claim compensation for silicosis, TB

correspondent | 04 Jul 2025

Boko’s key appointments so far

Staff Writer | 04 Jul 2025

Boko's P100 billion 'Butterfly' headache

Oarabile Mosikare | 04 Jul 2025

Khama, Masisi should rise above personal differences

Hurt as he may have been, former president Ian Khama, Sir Seretse’s senior son who was given an opportunity to speak on behalf of the Seretse family, couldn’t mince his words as he took advantage to shred his successor Mokgweetsi Masisi to pieces.He, however, did not clearly mention names but he referred to Masisi as the leader of a political party that was founded amongst others by his father.He would also address him as the former State...

Mmegi Editor | 04 July 2025

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

Botswana secures $200m OPEC Fund loan

The OPEC Fund, a regular financier to the country’s public and private sector, has approved a $200 million (P2.7 billion) loan to government, a deal sealed during Vice President Ndaba Gaolathe’s recent engagement in Austria.

After Rollers split, Sebata push ahead with Lions

Gunners, Sithole spat resolved

Khama, Masisi should rise above personal differences

The last laugh

Khama blames Masisi, Magosi for causing forensic audit

Hope for ex-mine workers to claim compensation for silicosis, TB

Boko’s key appointments so far

Boko's P100 billion 'Butterfly' headache

Khama, Masisi should rise above personal differences