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Botswana secures $200m OPEC Fund loan

Friday, June 27, 2025 | 1120 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.

'Face to face with the man who tried to kill me'

Couple perishes in suspected 'passion killing' crash

Dimajwe duo arrested after missing assault victim found buried

Dikoloti escapes injury after car hits cow

Five-year-old boy hospitalised after road accident in Mogoditshane

UDC rolls out 'promised' child grant

BPF to hold first youth, women congresses

Of borrowed wheels and brand new GD6

Two-tier education system demands action