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Botswana secures $200m OPEC Fund loan

Friday, June 27, 2025 | 1090 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.

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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.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred