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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.
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.

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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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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