Debswana secures multi-million loan

Speaking on the sidelines of the Botswana Confederation of Commerce,  Industry and Manpower (BOCCIM) Annual General Meeting in Gaborone on Wednesday, Debswana managing director, Blackie Marole said the facility is a stop-gap arrangement made available for them to access as and when they need cash.

"This is not a normal loan agreement as per se. But we have  made arrangements with different banks to lend us money whenever our requirements for cash rises and at the moment, we have not started utilising the facility," he said. Marole explained that although  this is the first time the company  has had to go out and look for loans  from banks, they are not doing as badly as most people had been made to believe.