Govt to raise P1.5bn with AfDB for Morupule B

The funding structure of Morupule B is 50 percent debt and 50 percent equity, which is covered by the Botswana Power Corporation (BPC) and the government respectively.

"Certainly the presence of the bank is being re-kindled," the director of AfDB's International Economic Policy Coordination, Arnold Madikwe, said on Tuesday at a seminar organised to discuss AfDB's five-year Country Strategy Paper (CSP) for Botswana.BPC has already secured its debt from a consortium between the Industrial and Commercial Bank of China (ICBC) and South Africa-based Standard Bank.