Gov’t seeks P3bn loan from commercial banks
Friday, March 13, 2026 | 500 Views |
Rare turn: Gaolathe will seek Parliamentary authority to raise funds from banks
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.
“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...