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Botswana secures $200m OPEC Fund loan

Friday, June 27, 2025 | 1140 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.

Gov't moves to close tax gaps

Chief judge promises fairness at tomorrow's Miss Botswana finale

High pressure mounts on fuel prices

We respect AFCON final decision – Babitseng

Court blow rocks BPF leadership

BPF moves to rebuild unity-Lucas

‘Reatile, Ookeditse deal was gentleman’s agreement’

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