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Gov’t seeks P3bn loan from commercial banks

Friday, March 13, 2026 | 10 Views |

Rare turn: Gaolathe will seek Parliamentary authority to raise funds from banks

The Minister of Finance is set to approach Parliament for approval to raise $216.6 million (about P2.95 billion) from three commercial banks, marking a rare turn to bank lending as the government grapples with mounting fiscal pressures and a widening budget deficit.

According to a recent Government Gazette notice, the country's fiscal authorities intend to secure a P3 billion facility from a consortium of local lenders comprising First National Bank Botswana (FNBB), Stanbic Bank Botswana, and Absa Bank Botswana.

The facility will require parliamentary endorsement before it can be concluded, in line with statutory requirements governing public borrowing.

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Gov’t seeks P3bn loan from commercial banks

The Minister of Finance is set to approach Parliament for approval to raise $216.6 million (about P2.95 billion) from three commercial banks, marking a rare turn to bank lending as the government grapples with mounting fiscal pressures and a widening budget deficit.

BPC’s P2.5bn bailout raises questions ahead of tariff decision

Ditsala frames art as a lens on black identity, diaspora struggle

A calling

Air Botswana scraps three routes as losses deepen

World Relays race against time for certification

Students wellbeing is a priority

A healer must listen as well as speak

Erosion of collective conscience amidst global conflict

Students wellbeing is a priority